"VW" redirects here. For other uses, see VW (disambiguation).
This article is about Volkswagen passenger cars. For the parent company, see Volkswagen Group. For Volkswagen vans, trucks and buses, see Volkswagen Commercial Vehicles.
Volkswagen
Company type
Division
Industry
Automotive
Founded
28 May 1937; 86 years ago (1937-05-28)
Founder
German Labour Front
Headquarters
Wolfsburg
,
Germany
Area served
Worldwide
Key people
Thomas Schäfer (CEO, Volkswagen Passenger Cars)
Revenue
279,232,000,000 Euro (2022)
Operating income
22,124,000,000 Euro (2022)
Net income
15,836,000,000 Euro (2022)
Parent
Volkswagen Group
Website
volkswagen.com
Volkswagen (VW; German pronunciation:[ˈfɔlksˌvaːɡn̩]ⓘ)[Note 1] is a German automobile manufacturer headquartered in Wolfsburg, Lower Saxony, Germany. Founded in 1937 by the German Labour Front under the Nazi Party and revived into the global brand it is known as today post World War II by the British Army officer Ivan Hirst, it is known for the iconic Beetle and serves as the flagship brand of the Volkswagen Group, the largest automotive manufacturer by worldwide sales in 2016 and 2017.[1] The group's biggest market is in China, which delivers 40 percent of its sales and profits.[2][3] Its name is derived from the German-language terms Volk and Wagen, translating to "people's car" when combined.
Cite error: There are <ref group=Note> tags on this page, but the references will not show without a {{reflist|group=Note}} template (see the help page).
^Bomey, Nathan (30 January 2017). "Volkswagen passes Toyota as world's largest automaker despite scandal". USA Today. Archived from the original on 11 May 2017. Retrieved 20 June 2017.
^"China car sales slump ripples globally". BBC News. 12 October 2018. Archived from the original on 19 November 2018. Retrieved 18 November 2018.
^"Economic Superpower: Chinese Expansion Has Germany on the Defensive". Spiegel Online. 24 May 2018. Archived from the original on 29 May 2018. Retrieved 18 November 2018.
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