The Volkswagen Group is one of the world’s largest car manufacturers, as well as a major producer of commercial vehicles and industrial equipment. The company operates 13 factories in seven different countries and employs over 300,000 people around the world. It sells its products under a variety of brands including Audi, Bentley, Bugatti, Lamborghini, Porsche and Škoda Auto
Volkswagen Group operates in the Automotive Industry
The Volkswagen Group is a German multinational automotive manufacturing company headquartered in Wolfsburg, Lower Saxony, Germany. It designs, manufactures and distributes passenger cars, light commercial vehicles, SUVs and other vehicles produced by its twelve luxury divisions.The group’s largest market is China and it also sells vehicles in Europe and America. The company is a long time partner of several automakers: Audi, SEAT (Spain), Škoda Auto (Czech Republic), Bentley Motors (United Kingdom) and Bugatti Automobiles (France). The Group has produced more than 300 million vehicles since 1945 when it was created as a result of a merger between Auto Union (a consortium of four companies: Audi AG; Horch; DKW; Wanderer) which included the brands Audi.
The main brands of the company are Audi, Bentley, Bugatti, Lamborghini, Porsche, SEAT, Škoda Auto and Volkswagen.
Audi is a German manufacturer of automobiles, motorcycles and engines.
Bentley Motors Limited is a British manufacturer of luxury cars and SUVs.
Bugatti Automobiles S.A.S is a French high-performance luxury automobile manufacturer
The Volkswagen Group is one of Germany’s largest companies; it generates roughly one-fifth of that country’s gross domestic product.
The Volkswagen Group is a German multinational automotive corporation, headquartered in Wolfsburg, Germany. It designs, develops, manufactures and distributes passenger and commercial vehicles. The company is the largest automaker in the world by unit sales and market capitalization.VAG owns brands including Porsche, Audi, Bentley (including Bugatti), Lamborghini and SEAT. As of July 29th 2016 it also owns 99% of Chrysler Group LLC which it purchased from Daimler AG for US$7.4 billion with plans to merge it into its own operations by 2020 at the latest (which will make VAG the 3rd largest car manufacturer behind Toyota).In 2010 they sold 471 million vehicles worldwide under 12 different brands (Volkswagen Passenger Cars/Audi AG/Porsche AG/Skoda Auto). In 2011 they were the largest producer of cars in Europe with over 15 million units produced that year alone making them Europe’s biggest car maker ahead of firms like Renault-Nissan Alliance or France’s PSA Peugeot Citroen group which sells roughly 10 million cars annually each while BMW sold just 9 million units last year so you can see how big this company really is!
Conclusion
The Volkswagen Group is the largest car manufacturer in Europe. Founded in 1937 by Ferdinand Porsche, the company has grown to become a global automotive giant, with brands across the globe. The Volkswagen Group is now one of Germany’s largest companies; it generates roughly one-fifth of that country’s gross domestic product.
