Volkswagen AG Closed Now

Volkswagen AG is among the world’s largest automotive manufacturers, headquartered in Wolfsburg, Germany. Founded in 1937, Volkswagen launched the iconic “Beetle,” which became one of history’s best-selling vehicles. Over the decades, VW transformed into a global automotive powerhouse, acquiring and managing premium brands such as Audi, Porsche, Bentley, Lamborghini, SEAT, Škoda, and Ducati.

In fiscal year 2024, Volkswagen generated approximately US $348.4 billion in revenue, placing it at No. 11 globally on the Fortune Global 500 list Wikipedia+14Wikipedia+14Wikipedia+14. The company employs roughly 684,000 people worldwide, making it one of the largest global employers in the automotive sector Wikipedia.

Volkswagen is a leader in mass-market vehicle manufacturing, known for a wide range of models—from affordability-focused passenger cars to luxury and performance vehicles. The company has aggressively pushed into electrification through its ID series of electric vehicles, leveraging scalable architecture (MEB and SSP platforms) across brands. VW is investing heavily in battery technology, charging infrastructure, and digital services like software-defined vehicles, connected mobility, and autonomous driving solutions.

Sustainability and regulatory compliance are central to Volkswagen’s strategic focus following the “Dieselgate” emissions scandal. The company has pledged to reach net-zero emissions by 2050 and has set interim targets, including significant reductions in lifecycle emissions and expansion of renewable energy use in production facilities.

Volkswagen also provides mobility services, from fleet leasing and ride-hailing initiatives to digital subscriptions and after-sales software updates. The company is evolving into an integrated mobility provider, blending vehicle production with digital service ecosystems.

Looking ahead, Volkswagen’s priorities include scaling electric vehicle (EV) production, investing in autonomous and software-defined mobility experiences, expanding global presence—especially in China and North America—and enhancing sustainability across production, materials, and energy consumption. Its transformation agenda centers on reshaping VW into a high-tech mobility leader for the 21st century.