Volkswagen Group Closed Now

Volkswagen Group, founded in 1937 by the German government, has grown into one of the world’s leading automobile manufacturers and the largest carmaker in Europe. Headquartered in Wolfsburg, Germany, the Group encompasses a diverse portfolio of well-known brands spanning multiple segments—from Volkswagen Passenger Cars, Audi, Škoda, SEAT/CUPRA to luxury marques like Porsche, Bentley, Lamborghini, Bugatti, and Ducati, as well as commercial vehicle brands including Scania, MAN, and Volkswagen Truck & Bus Encyclopedia Britannica+5Volkswagen Group+5Wikipedia+5Volkswagen Group+5Devex+5VW Annual Report 2023+5.

With approximately 679,500 employees worldwide as of the end of 2024—including equity-accounted Chinese joint ventures—Volkswagen delivered about 9.0 million vehicles in 2024 and recorded group sales revenue of around €324–325 billion, making it one of the top global automakers by revenue Volkswagen Group Annual Report 2024+1Volkswagen Group+1.

VW is undergoing a major transformation under its strategy “Mobility for Generations,” aiming to become The Global Automotive Tech Driver by 2035. The Group has allocated €165 billion until 2030 into electrification, digitalisation, and autonomous vehicle technologies. It is also undertaking structural reforms, including reducing production capacity and workforce in Germany while investing heavily in EV production and smart mobility solutions Volkswagen Group+2Financial Times+2Volkswagen Group+2.

Innovation extends beyond vehicle production: Volkswagen Group Technology—established in 2021—is centralizing its competencies in battery cell production, charging infrastructure, platform development, and components toward sustainable mobility ambitions VW Annual Report 2023+12Volkswagen Group+12Wikipedia+12. Despite facing pressures from slowing EV sales in China and rising costs in Europe, VW aims to streamline operations, launch new affordable EV models by 2026, and restructure operations globally to enhance competitiveness Financial Times+3businessinsider.com+3marketwatch.com+3.

Volkswagen combines automotive, financial services, and mobility solutions under one roof, offering leasing, banking, fleet management, and tailored software-defined vehicle platforms. Its global footprint includes over 115 production facilities across more than 20 countries in Europe, the Americas, Asia, and Africa Volkswagen GroupDevex.