Volkswagen Group
German multinational automotive manufacturing corporation
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Key Takeaways
- Volkswagen AG , or Volkswagen Group , is a German multinational conglomerate automotive manufacturer headquartered in Wolfsburg, Lower Saxony, Germany.
- The company also offers financing, leasing, and fleet management services.
- It has maintained the largest market share in Europe for over two decades.
- In 2024, Volkswagen Group was the largest company in the European Union and the largest car manufacturer in the world by revenue.
Volkswagen AG, or Volkswagen Group, is a German multinational conglomerate automotive manufacturer headquartered in Wolfsburg, Lower Saxony, Germany. Since the late 2000s, it has been a publicly traded family business owned by Porsche SE, which in turn is half-owned but fully controlled by the Austrian-German Porsche and Piëch family. The company also offers financing, leasing, and fleet management services. In 2024, it was the world's second-largest automaker by sales. It has maintained the largest market share in Europe for over two decades. It ranked 11th in the 2024 Fortune Global 500 list of the world's largest companies. In 2024, Volkswagen Group was the largest company in the European Union and the largest car manufacturer in the world by revenue.
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