- CEO
- Oliver Blume
- Full Time Employees
- 639,608
- Sector
- Consumer Cyclical
- Industry
- Auto - Manufacturers
- Address
- Berliner Ring 2 Wolfsburg Germany 38440
- IPO Date
- Jan 5, 2010
- Business
- Volkswagen AG is a leading German automotive manufacturer engaged in the design, production, and sale of a broad range of vehicles and mobility solutions. Its core products encompass passenger cars, commercial vehicles, motorcycles, and automotive financial services. The company operates through multiple well-known brands including Volkswagen Passenger Cars, Volkswagen Commercial Vehicles, Audi, Porsche, Škoda, SEAT, CUPRA, Lamborghini, Bentley, and Ducati. Its product portfolio features combustion engine vehicles, plug-in hybrids, and an expanding range of electric vehicles, with notable models such as the Volkswagen ID series electric vehicles, Audi A6L e-tron, Porsche 911, and the new Volkswagen Transporter/Multivan. Volkswagen also emphasizes advanced vehicle technologies including autonomous driving assistance, digital connectivity, and intelligent vehicle systems tailored to regional markets like China.
Founded in 1937 and headquartered in Wolfsburg, Germany, Volkswagen AG operates globally with vehicle sales in over 150 countries and production facilities distributed across more than 20 countries. The group has approximately 680,000 employees and delivers close to 5 million vehicles annually. Its strategic focus includes aggressive electrification with plans to launch around 70 new all-electric models by 2028 and achieve 70% electric vehicle sales penetration in Europe by 2026.
Recent major changes include the acquisition of North American electric vehicle maker Rivian Automotive in a $15 billion deal finalized in 2025, establishing Rivian as a wholly owned subsidiary to advance Volkswagen's electrification and software capabilities globally. The company has also formed strategic alliances with global automakers like Ford to develop electric and commercial vehicles on shared platforms, enhancing cost efficiency and market reach. Volkswagen is investing heavily in battery technology, partnering with firms such as Umicore, 24M Technologies, and Vulcan Energy Resources to advance sustainable, cutting-edge battery production aimed at carbon-neutral vehicles. Furthermore, Volkswagen Group has announced plant restructuring and job cuts within Germany as part of an operational pivot towards electric vehicle production and technological innovation.
Alongside these strategic moves, the company continues to launch new electric concept vehicles such as the ID. CROSS, ID. EVO, and ID. AURA, designed with advanced connectivity and automation features. The Volkswagen brand is refreshing its popular models like the T-Roc with hybrid drivetrains and upgraded interiors, and is expanding into affordable electric small cars aimed at broadening EV adoption. Volkswagen's comprehensive approach combines traditional automotive manufacturing with digital transformation and sustainability initiatives, positioning itself as a global automotive technology leader shaping future mobility.
In summary, Volkswagen AG delivers a diversified automotive product lineup including passenger and commercial vehicles, electric and hybrid models, and motorcycles, supported by extensive global production and sales networks. The company is intensifying efforts in electrification, battery innovation, strategic acquisitions like Rivian, and global partnerships to maintain competitiveness in an evolving automotive market. Founded in 1937 and headquartered in Wolfsburg, Volkswagen remains a dominant force in the global automotive industry.