- CEO
- Oliver Blume
- Full Time Employees
- 639,608
- Sector
- Consumer Cyclical
- Industry
- Auto - Manufacturers
- Address
- Berliner Ring 2 Wolfsburg Germany 38440
- IPO Date
- Jul 28, 2010
- Business
- Volkswagen AG (VWAPY) manufactures and sells passenger cars, light commercial vehicles, trucks, buses, and related components worldwide. The company operates through four main segments: Passenger Cars and Light Commercial Vehicles, which develops vehicles, engines, motors, software, batteries, and sells passenger cars under brands including Volkswagen, Audi, Bentley, Cupra, Jetta, Lamborghini, Porsche, SEAT, and Škoda, light commercial vehicles under Volkswagen Commercial Vehicles, and motorcycles under Ducati; Commercial Vehicles, which produces trucks and buses through Traton subsidiaries such as International Motors, MAN, Scania, and Volkswagen Truck & Bus; Power Engineering, which supplies large-bore diesel engines, turbomachinery, and propulsion components; and Financial Services, which offers dealer and customer financing, leasing, banking, insurance, fleet management, and mobility services. Volkswagen AG maintains a global presence in over 150 countries, with primary operations in Europe, North America, South America, Asia-Pacific, and Africa; the company was founded in 1937 and maintains headquarters in Wolfsburg, Germany. Recent developments include a joint venture with Rivian Automotive, valued up to $5.8 billion, to develop next-generation electrical architecture and software for electric vehicles, with an initial $1 billion investment and operations launching in late 2024; securing 2.3 billion reais ($426 million) in financing from Brazil's BNDES in 2025 to support hybrid vehicle development and exports, boosting shipments by 43% year-to-date; and unveiling a $240 million plan in Egypt to expand electric car production, localize parts, and create over 6,000 jobs under the National Automotive Industry Development Programme.