Volkswagen AG referred to globally as VolkswagenGroup, is a German multinational car producing organization headquartered inWolfsburg, Lower Saxony, Germany.
It outlines produces and disseminatestraveler and commercial vehicles, turbomachinery,motorcycle, and engines and offersrelated administrations including financing, renting and fleet management. In2016, it was the world’s biggest automaker by deals, overwhelming Toyota. Ithas kept up the biggest piece of the pie in Europe for more than two decades.It positioned seventh in the 2016 Fortune Global 500 rundown of the world’sbiggest organizations. Volkswagen Group offers autos underthe Audi, Bentley, Bugatti, Lamborghini, Porsche, SEAT, Skoda and Volkswagenmarques; bikes under the Ducati brand; and business vehicles under the marquesMAN, Scania, and Volkswagen Commercial Vehicles. It is separated into twoessential divisions, the Automotive Division and the Financial ServicesDivision, and has roughly 340 backup organizations.
VW additionally has twonoteworthy joint-wanders in China (FAW-Volkswagen and SAIC Volkswagen). Theorganization has operations in around 150 nations and works 100 generationoffices crosswise over 27 nations.Volkswagen first car manufacturer is Bentleyin 1937 and after that, it rapidly grewtill 1970 including cars like Passat, Polo, andGolf. Volkswagen obtained a controlling stake in the SEAT in 1986, making it the primary non-German marque of theorganization and procured control of Skoda in 1994, of Bentley, Lamborghini, and Bugatti in 1998, Scania in 2008 and ofDucati, MAN and Porsche in 2012. The organization’s operations in China havedeveloped quickly in the previous decade with the nation turning into itsbiggest market.
Volkswagen joint-stock company is a public company with the Primary listing in Frankfurt Stock Exchange and on Euro Stoxx 50 stock market index while on the secondary listing of Luxemburg Stock exchange and SIX Swiss Exchange.