Volkswagen Group
Manufacturing Company
Departure at MAN's top heralds tie-up with VW...a bribery scandal put the last nail in the coffin of MAN's ambition to lead a merger with Swedish rival Scania, also controlled by VW. Volkswagen owns two-thirds of the Swedish truckmaker Scania, as well as a 29.9 per cent stake in MAN. Mr... In this article: MAN, VW, Ferdinand Piech, Scania, Daimler, Kamaz, Volkswagen, Frankfurt, and Joint venture |
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Reuters | 19 hours ago
EURO BONDS-VW, Sparebank, BCP, Vivendi, NIBC Bank
...markets on Tuesday: VOLKSWAGEN INTERNATIONAL FINANCE NV <VOWG.DE> Issue: plans euro February 2015 benchmark bond guaranteed by Volkswagen AG, reported IFR Markets, a Thomson Reuters online news and market analysis service.
In this article: Fitch, Moody's, Vivendi, S&P, Volkswagen AG, Royal Bank of Scotland, JP Morgan, Citigroup, and Banco Comercial Portugues
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USATODAY.com | 4 days ago
Volkswagen, Porsche move closer to merger
German carmakers Volkswagen AG and Porsche said they had come closer to merging the two companies, a process they hope to complete in 2011. By George Frey, AP Business Writer FRANKFURT German carmakers Volkswagen and Porsche said Friday...
In this article: Volkswagen AG, Best interests, All rights reserved, USA Today, Wolfsburg, Stuttgart, and Frankfurt
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Detroit News | 4 days ago
VW to buy Karmann assets, create new model
...if we invest today. And that is what the board of management and the work force throughout the Volkswagen group are focusing on," Osterloh said. The company said that besides manufacturing it planned to invest about euro7 billion in areas...
In this article: Karmann, Karmann Ghia, Martin Winterkorn, Frankfurt, Joint venture, Wolfsburg, and Beetle
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AP Online | 4 days ago
Volkswagen board moves closer to Porsche merger
FRANKFURT (AP) - German carmaker Volkswagen AG said Friday its supervisory board had approved certain agreement contracts for the planned merger with German sportscar builder Porsche, taking the companies one step closer to completing the...
In this article: Volkswagen AG, Frankfurt, Best interests, Wolfsburg, Stuttgart, and Europe
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Volkswagen board approves details on Porsche tie-up
Volkswagen AG <VOWG.DE> said its supervisory board approved the final details of a 49.9 percent stake in sports car maker Porsche AG and an eventual tie-up with Porsche's parent company. In a statement in the early hours of Friday, VW...
In this article: VW
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Ford, Subaru, VW win insurance industry picks
...Co. and its Volvo unit received the most awards with six, followed by five awards apiece for Japanese automaker Subaru and German automaker Volkswagen AG and its Audi unit. Chrysler Group LLC received four awards followed by two each for...
In this article: Subaru, Volkswagen AG, Insurance Institute for Highway Safety, Toyota Camry, General Motors Co., Audi, Subaru Outback, and Honda Accord
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More on Volkswagen Group
Description from Wikipedia:
Volkswagen Group (Volkswagen Aktiengesellschaft) is a German automobile manufacturing group, currently the third largest automobile maker in the world, and the largest in Europe. In August of 2009, Porsche SE and Volkswagen Group reached an agreement that Volkswagen and Porsche AG would merge in 2011.
Although it operates worldwide, Volkswagen Group's core market is continental Europe. Of its car brands, Volkswagen Passenger Cars is its mainstream marque, and the Group's major subsidiaries also include well-known car marques like Audi, SEAT, Škoda, Lamborghini, Bentley, and Bugatti. The Group also has operations in commercial vehicles, owning Volkswagen Commercial Vehicles, along with a controlling stake in Scania AB and a 29.9% stake in MAN SE.
Volkswagen's second-largest market is China where its subsidiary, Volkswagen Group China is by far the largest joint venture automaker.
The Volkswagen Golf is the third bestselling car in the world, selling over 25 million cars through 2006. In 2007 the Volkswagen Group sold 6.19 million automobiles, claiming over 10% of the world passenger car market. In late 2007, the company openly reported that they plan to double sales, overtake Toyota and become the world's largest automaker by 2018.
- Name:
- Volkswagen Group
- Type:
- Public company
- Location:
- Wolfsburg, Germany
- Region:
- Worldwide
- Founded:
- Germany, (1937)
- Industry:
- Automotive industry
- Services:
- Financial services
- Key People:
- Products:
- Cars and trucks
- Revenue:
- €113.8 Billion
- Operating Income:
- €6.61 Billion
- Net Income:
- €4.68 Billion
- No. of Employees:
- 369,928 (2008)
- Subsidiaries:
-
- Bugatti Automobiles S.A.S.
- Škoda Auto
- Audi AG
- marine:
- Bentley Motors Ltd.
- Volkswagen Passenger Cars
- Volkswagen Marine
- Lamborghini S.p.A.
- Volkswagen Commercial Vehicles
- Scania AB
- vehicle brand companies:
- SEAT, S.A.
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