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The Volkswagen Newsroom is a service of Volkswagen AG for journalists, bloggers, and multipliers.
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Volkswagen, commonly referred to as VW, is a German automaker founded in 1937 by the German Labour Front and headquartered in Wolfsburg, Germany. It is currently the largest automaker worldwide by sales volume. VW has a rich history and has evolved into a diverse automotive group with several brands under its umbrella.
Volkswagen's main products include passenger cars, commercial vehicles, and power engineering. The company offers a broad range of vehicles, including compact cars, sedans, SUVs, and electric cars. Some of its popular models include the Golf, Passat, Tiguan, and ID series.
On a global scale, Volkswagen operates in various markets and has established a strong presence in Europe, the Americas, Asia-Pacific, and Africa. The company has successful subsidiaries such as Audi, Porsche, SEAT, ล koda, Lamborghini, Bentley, and Bugatti. It has also formed noteworthy joint ventures and partnerships, including ones with Ford, China FAW Group, and JAC Motors.
In terms of market position, Volkswagen holds a significant share of the global automotive market and consistently ranks among the top-selling automakers. The Volkswagen Group delivered around 9. 3 million vehicles worldwide in 2020.
Its key competitors include Toyota, General Motors, Ford, and Hyundai-Kia. Over the years, Volkswagen has faced various challenges and notable events, most notably the Dieselgate scandal in 2015. The company was accused of cheating emission tests, resulting in financial penalties and damage to its reputation.
Since then, Volkswagen has made significant efforts to transition to electric vehicles and strengthen its commitment to sustainability and innovation. As of the latest updates, Volkswagen continues to focus on expanding its electric vehicle lineup. The company aims to become a leader in the electric mobility sector and plans to launch dozens of electric models in the coming years.
Volkswagen also aims to strengthen its presence in key markets, such as China, and increase its market share globally. In conclusion, Volkswagen is a leading German automaker known for its diverse range of vehicles. With a strong global presence, strategic partnerships, and a focus on electrification, the company is well-positioned for future growth and advancements in the automotive industry
Company Type
Public Company
Company Size
10,001+
Year Founded
1937
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