Volkswagen AG Stock Price Today (VWAGY-VWAPY)
2023.03.07 09:31
Volkswagen AG is a company that designs, builds, and sells motorcycles, engines, turbomachinery, passenger and commercial vehicles, and related services like financing, leasing, and fleet management. It was the largest automaker in the world in terms of sales in 2016, and it maintained this position in 2017, 2018, and 2019, selling 10.9 million vehicles. Over the past two decades, it has maintained the largest market share in Europe. In the 2020 Fortune Global 500 list of the largest companies in the world, it came in seventh place.
Under the Audi, Bentley, Cupra, Lamborghini, Porsche, SEAT, and Volkswagen brands, the Volkswagen Group sells passenger cars. motorcycles with the Ducati brand on them; under the Volkswagen Commercial Vehicles brand, light commercial vehicles; as well as heavy commercial vehicles through the brands of Traton’s listed subsidiary (Navistar, MAN, Scania, and Volkswagen Truck & Bus).
It has approximately 342 subsidiary businesses as of 2008, and it is broken up into two primary divisions: the Automotive Division and the Financial Services Division. FAW-Volkswagen, SAIC Volkswagen, and Volkswagen Anhui are three of Volkswagen’s joint ventures in China. The business operates in approximately 150 nations and operates 100 production facilities in 27 nations.
In 1937, Volkswagen was established in Berlin and incorporated in Wolfsburg to produce the Beetle automobile. In the 1950s and 1960s, the company saw rapid growth in production. It bought Auto Union in 1965, which made the first Audi models after the war. In the 1970s, Volkswagen introduced a new line of cars with front-wheel drive, including the Passat, Polo, and Golf; The final one became a best-seller.
Volkswagen became the company’s first non-German marque when it took control of SEAT in 1986. It also took control of Koda in 1994, Bentley, Lamborghini, and Bugatti in 1998, Scania in 2008, and Ducati, MAN, and Porsche in 2012. The organization’s tasks in China have filled quickly in the previous ten years, with the nation turning into its biggest market.
