 | |
| Company type | Division |
|---|---|
| Industry | Automotive |
| Founded | 28 May 1937 |
| Founder | German Labour Front |
| Headquarters | , Germany |
Area served | Worldwide |
Key people | Thomas Schäfer (CEO, Volkswagen Passenger Cars) |
| Revenue | 279,232,000,000 Euro (2022)  |
| 22,124,000,000 Euro (2022) | |
| 15,836,000,000 Euro (2022) | |
| Parent | Volkswagen Group |
| Website | vw.com |
Volkswagen (VW; German pronunciation: [ˈfɔlksˌvaːɡn̩] )[Note 1] is a German automobile manufacturer based in Wolfsburg, Lower Saxony, Germany. Established in 1937 by the German Labour Front under the Nazi Party, it was revitalized into the global brand it is today after World War II by British Army officer Ivan Hirst. The company is well known for its iconic Beetle and serves as the flagship marque of the Volkswagen Group, which became the world's largest automotive manufacturer by global sales in 2016 and 2017.[1]
The group's largest market is China (including Hong Kong and Macau), which accounts for 40% of its sales and profits.[2][3] The name "Volkswagen" derives from the German words Volk and Wagen, meaning "people's car."
Cite error: There are <ref group=Note> tags on this page, but the references will not show without a {{reflist|group=Note}} template (see the help page).
- ^ Bomey, Nathan (30 January 2017). "Volkswagen passes Toyota as world's largest automaker despite scandal". USA Today. Archived from the original on 11 May 2017. Retrieved 20 June 2017.
- ^ "China car sales slump ripples globally". BBC News. 12 October 2018. Archived from the original on 19 November 2018. Retrieved 18 November 2018.
- ^ "Economic Superpower: Chinese Expansion Has Germany on the Defensive". Spiegel Online. 24 May 2018. Archived from the original on 29 May 2018. Retrieved 18 November 2018.