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Aktiengesellschaft (German pronunciation: [ˈaktsiənɡəzɛlʃaft]; abbreviated AG) is a German term that refers to a corporation that is limited by shares, i.e., owned by shareholders, and may be traded on a stock market. The term is used in Germany, Austria and Switzerland.
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This article is about Volkswagen Group and its parent company, Volkswagen AG. For the Volkswagen brand of cars, see Volkswagen. For Volkswagen vans and light trucks, see Volkswagen Commercial Vehicles.
Volkswagen Group Volkswagen Aktiengesellschaft
Public company –Aktiengesellschaft
FWB: VOW, VOW3
Number of locations
61 production plants in 21 countries
Ferdinand K. Piëch (Chairman of thesupervisory board) Martin Winterkorn (CEO and Chairman of the board of
Automobiles, commercial vehicles,engines, motorcycles
which are involved in either vehicle production or other related automotive services. which is also the parent company of Porsche AG. The Group's parent company Volkswagen Aktiengesellschaft. Volkswagen Group is divided into two primary divisions: the Automotive Division. usually abbreviated to Volkswagen AG. It is the world’s secondlargest motor vehicle manufacturer by 2011 unit sales and the largest based in Europe.volkswagenag. 50.9 billion (2011) Profit €15.Production output 8.4 billion (2011) Total assets €199 billion (end 2010) Total equity €49 billion (end 2010) Employees 399. Financial Services Division Subsidiaries Automotive[show] Financial Services[show] Others[show] Website www. and the Financial Services Division.300. and also manufactures complete vehicles for the Volkswagen Passenger Cars and Volkswagen Commercial Vehicles marques. develops vehicles and components for all marques of the whole group.73% of the voting rights in Volkswagen AG were held by Porsche Automobil Holding SE.com Volkswagen Group (sometimes abbreviated to VW Group) is a German multinational automotive manufacturing group headquartered inWolfsburg.380 (end 2010) Divisions Automotive Division. As of September 2011.  Contents [hide] . The Group consists of 342 Group companies.3 billion (2011) Operating income €18.000 units for sale in 153 countries (2011) Services Financial services Revenue €159.
"the vehicle does not meet the fundamental technical requirement of a motor-car . and later better known as the Volkswagen Beetle. originally referred to as the Porsche Type 60.3 Leadership 4 Sales and market share 5 European Car of the Year 6 Sponsorships 7 See also 8 References 9 External links History 1937 to 1970 Volkswagen was founded on 28 May 1937 as the Gesellschaft zur Vorbereitung des Deutschen Volkswagens mbH ("Society for the preparation of the German People's Car".. the company was renamed Volkswagenwerk GmbH ("Volkswagen Factory limited liability company").. and restarted production. However. The plant also manufactured the V-1 flying bomb. it is quite .3 2000 to present 2 Operations o 2. primarily from eastern Europe. subsidiaries and marques 3 Corporate affairs o o o 3. in June 1945. no British car manufacturer was interested.1 1937 to 1970 1. The purpose of the company was to manufacture the Volkswagen car.1 Divisions.2 Stock market listings 3. Only a small number of Type 60 Volkswagens were made during this time period.1 Ownership 3. After the war in Europe. both of which were derived from the Volkswagen.2 1970 to 2000 1. abbreviated to Gezuvor) by the Nazi Deutsche Arbeitsfront (German Labour Front). Much of the workforce at the plant was slave labor. also known as the "Buzz Bomb" or "Doodlebug". 1 History o o o 1. pending the expected disposal of the plant as war reparations. During World War II the Volkswagen plant near Fallersleben primarily manufactured the military Kübelwagen (Porsche Type 82) and the related amphibious Schwimmwagen (Type 166). On 16 September 1938. Major Ivan Hirst of the British Army Royal Electrical and Mechanical Engineers (REME) took control of the bomb-shattered factory. making the plant a major bombing target for the Allied forces.
such as distribution and leasing.G" had no official meaning.unattractive to the average buyer . large parts of German industry. including Volkswagen. a Ford executive vice president said he didn't think either the plant or the car was "worth a damn. upon the flotation of part of the German federal government's stake in the company on the German stock market. Total German car production was set at a maximum of 10% of the 1936 car production numbers. "V." As part of theIndustrial plans for Germany. and was never the name of the Volkswagen Group. theVolkswagen Type 3 in 1961. the Ford Motor Company was offered Volkswagen. Another German manufacturer. the British Government handed the company back over to the German state. was merged into Auto Union on 26 August 1969. and in 1948. The company began introducing new models based on the Type 1. In 1948. The Audi F103. rear-drive platform.A. In 1960. Audi NSU Auto Union AG (later renamed AUDI AG in 1985). On 30 September 1982. the Volkswagen Type 4 in 1968. Contrary to popular belief. but Ernest Breech. shortly afterwards. where it was managed by formerOpel chief Heinrich Nordhoff. were to be dismantled..A.A. creating a new company. On 1 January 1965.  1970 to 2000 From the late 1970s to 1992. the acronym V. . and the Volkswagen Type 181 in 1969. rear-engine.G was used by Volkswagen AG as a brand for group-wide activities. The new subsidiary went on to produce the first post-war Audi models. These included the Volkswagen Type 2 in 1950. but production grew rapidly in the 1950s and 1960s. the Audi F103 series. the Volkswagen Karmann Ghia in 1955. in production from 1965 to 1972 Production of the Type 60 Volkswagen (re-designated Type 1) started slowly after the war due to the need to rebuild the plant and because of the lack of raw materials. all with the same basic aircooled. NSU Motorenwerke AG. The company survived by producing cars for the British Army. Volkswagenwerk acquired Auto Union GmbH from its parent company Daimler-Benz. Volkswagenwerk made its first step expanding outside of Germany by signing a co-operation agreement with the Spanish car manufacturer SEAT. its name becameVolkswagenwerk Aktiengesellschaft (usually abbreviated to Volkswagenwerk AG). S. To build the car commercially would be a completely uneconomic enterprise"..
the company name was changed again – to Volkswagen Aktiengesellschaft (Volkswagen AG). turned Škoda Auto into a wholly owned subsidiary. Lamborghini and Bugatti. Ing.3% and the year after. of Czechoslovakia. the Audi Brand Group focused on more sporty values – consisted of Audi. the Volkswagen Group's automotive division was restructured so that two major Brand Groups with differentiated profile would be formed. to 70% of its shares. Volkswagen Group revealed on 24 October 2009 that it had made an offer to acquire long-time partner and German niche automotive manufacturerWilhelm Karmann GmbH out of bankruptcy protection. In November 2009. On 23 December the same year. accompanied with the acquisition of a 30% stake in the Czech car manufacturer. Bentley and Bugatti  – with each Brand Group's product vehicles and performance being respectively under the higher responsibility of Audi and Volkswagen brands. F. it became the Spanish company's major shareholder by increasing its share up to 75%.s.9% stake in Dr. Porsche AG (more commonly known as Porsche AG) in a first step towards an 'integrated automotive group' with Porsche. raised later on 19 December 1994 to 60.In order to reflect the company's increasing global diversification from its headquarters and main plant (the Volkswagenwerk in Wolfsburg). and plan to restart vehicle production at their Osnabrück plant in 2012. On 18 June 1986. after having gradually raised its equity share. SEAT and Lamborghini – and the Volkswagen Brand Group on the field of classic values – consisted of Volkswagen. Three prestige automotive marques were added to the Volkswagen portfolio in 1998: Bentley. From 2002 up to 2007. on 4 July 1985. selling over 26 million through 2008 On 30 May 2000. Volkswagen AG acquired a 51% controlling stake in SEAT making it the first nonGerman subsidiary of the Volkswagen Group. In 1990 – after purchasing its entire equity – Volkswagen AG took over the full ownership of SEAT making the company a wholly owned subsidiary. and on 28 March 1991 another step to the expansion of the group's activities was made through the signing of a joint venture partnership agreement with Škoda automobilová a. the Supervisory Board of Volkswagen AG approved the acquisition of assets of Karmann. 2000 to present Volkswagen's Golf is the third best-selling car of all-time.  The . In December 2009. on 11 December 1995.c. Volkswagen AG. Skoda. h. Volkswagen AG bought a 49.
 Volkswagen AG and Porsche SE reached an agreement in August 2009 that the merger of Porsche SE with Volkswagen would be completed in the course of 2011. and Škoda.merger of Volkswagen AG and Porsche SE was scheduled to take place during the course of 2011. it was announced that Volkswagen Group. Porsche. the Volkswagen Group operates worldwide. Lamborghini.p. through it subsidiary Lamborghini Holding S.. Suzuki intends to invest up to one half of the amount received from Volkswagen into shares of Volkswagen. 2014. the transaction had been completed making the Italian firm a member of the Volkswagen Group.46 billion euros ($5. it was announced that the planned merger "cannot be implemented within the time frame provided for in the Comprehensive Agreement. On July 4. In only less than three months.58 billion) on August 1. had acquired a 90. SEAT. its largest worldwide Rooted in Europe.9% of Suzuki Motor Corporation's issued shares on 15 January 2010."  Volkswagen AG completed the purchase of 19. Germany. Volkswagen AG also has operations incommercial vehicles.5 billion euros which should be paid if the wrap up do after July 31. Bugatti. andMAN SE.A. including a criminal probe into the holding's former management team were given. . 2012 Volkswagen group announced to wrap up the remaining half of Porsche shares for 4.1% stake in the Italian automotive design house Italdesign Giugiaro. 2012 to avoid taxes of as much as 1. On 25 May 2010. Volkswagen Passenger Cars is Volkswagen Group's original marque. Bentley. Both parties "remain committed to the goal of creating an integrated automotive group with Porsche and are convinced that this will take place. unquantifiable legal risks. along with controlling stakes in Swedish truck and diesel engine manufacturer Scania AB." As reasons. Operations Part of the Volkswagen factory in Wolfsburg. owning Volkswagen Commercial Vehicles. and the Group's other majorsubsidiaries include passenger car marques such as Audi. On 8 September 2011.
S. initially in 1982 a co-operation agreement with Audi AG. S..A. only BMW has been able to make cars under the Rolls-Royce marque. the company (at the time known as Rolls-Royce & Bentley Motors Ltd. Porsche AG. Volkswagen AG is the biggest shareholder in Suzuki. the Group's Bentley division also sold cars under the Rolls-Roycemarque.A. company was bought in April 2012. and the Ducati marque 100% ownership by Audi AG..) was bought on 28 July 1998 from Vickers.9% of the shares in Porsche Zwischenholding GmbH (the holding company of Porsche AG) in December 2009.A.A. initially in 1991 a co-operation agreement and 30% ownership. under an agreement with BMW. being the first non-German subsidiary of the Volkswagen Group. and the Škoda marque 100% ownership since 2000. and the Bentley marque 100% ownership by Volkswagen AG. subsidiaries and marques The Volkswagen Group comprises 12 active automotive and motorcycle companies. Audi AG wholly owns the private high performance subsidiary company.p. was created after Volkswagen Group purchased the right to the Bugatti marque. Škoda Auto. Bentley Motors Limited.9% of Suzuki Motor Corporation's issued shares on 15 January 2010. SEAT. 51% and 75% ownership in 1986. and the Bugatti marque 100% ownership via the Volkswagen France subsidiary. or German: Volkswagen Nutzfahrzeuge (VWN) . Automobili Lamborghini S..A.. Škoda automobilová a.s. Suzuki Motor Corporation. and the Volkswagen marque the founding marque of the company. and the Suzuki marque Volkswagen AG completed the purchase of 19. quattro GmbH. which had bought the rights to the RollsRoyce name. but not the Rolls-Royce operations.3% and 70% ownership on 1994 and 1995 respectively Volkswagen Passenger Cars. and the SEAT marque 100% ownership since 1990. and their corresponding marques: AUDI AG. and the Porsche marque Volkswagen AG purchased 49. 60. Bugatti Automobiles S. bought from Daimler-Benz on 30 December 1964. the Audi marque is the sole active marque of the former Auto Union. Bugatti Automobiles S. company was bought in June 1998. the Audi Group.Divisions. 100% ownership. From 2003..55% ownership. and the Audi marque 99. but did not include the 'Rolls-Royce' brand name. and the Lamborghini marque 100% ownership by Audi AG.p. From July 1998 until December 2002. Ducati Motor Holding S. Volkswagen Commercial Vehicles (VWCV).S.
and the MAN marque (controlling shareholder) Acquired July 2011 becoming the 10th marque of the Group. the current Audi AG shares trade under the ticker symbol "NSU".2% of voting rights as of 31 December 2011. However. Scania AB. whilst the former NSU manufacturing plant at Neckarsulm is still used for Audi assembly. and has control over Scania AB andMAN SE. and merged into Audi AG. MAN SE. the NSU brand has not been used since 1977. Dampf-Kraft-Wagen (DKW) Horch NSU Motorenwerke AG (NSU) – bought in 1969 by Volkswagen AG. and the interlocked four-ring badge from Auto Union is still used by Audi AG). and the Scania marque (controlling shareholder) Acquired July 2008 becoming the 9th marque of the Group. The Group also owns five inactive marques which are managed through the companies Auto Union GmbH and NSU GmbH. both of which are 100% owned by Audi AG: Auto Union (the Auto Union company. .03% of voting rights as of 6 June 2012. together with NSU Motorenwerke AG (NSU). VWCV/VWN is in charge of all commercial vehicle developments within the Group. were merged into "Audi NSU Auto-Union AG" in 1969. 75.100% ownership. 89. started operations as an independent entity in 1995. The name was shortened to "Audi AG" in 1985.
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