Volkswagen shortened to VW is a German automaker founded in 1937 by the German Labour Front, known for the iconic Beetle.
It is the flagship marque of the Volkswagen Group, the largest automaker by worldwide sales in 2016 and 2017. The group's biggest market is in China, which delivers 40% of its sales and profits.
Volkswagen:
- Founded: 1937; 83 years ago
- Founders: German Labour Front
- Headquarters: Wolfsburg, Germany
- CEO: Herbert Diess
- Number of Employees: 671,205
Volkswagen translates to "People's Car" in German. Volkswagen was established in 1937 by the German Labor Front (Deutsche Arbeitsfront) in Berlin. Seeking a potential new market, some car makers began independent "people's car" projects – the Mercedes 170H, Adler AutoBahn, Steyr 55, and Hanomag 1.3L, among others.
The Beetle was a commercial success and went on to become one of the most iconic vehicles from the car manufacturer.
Volkswagen has been manufacturing and selling vehicles for more than 70 years now and has completely revolutionized the auto industry. Like any other company, they also have their own set of scandals.
First car:
At first they only made one type of car, the Volkswagen Beetle. (Other Names Type 1 Sedan, Bug and more Nicknames). In 1950, the Type 2 (the bus) was introduced, also built with an engine in the back of the vehicle.
Costliest car:
2001 Volkswagen Nardo W12 Coupe Concept - $3,000,000
The coupe is a beauty with its sleek silhouette and transparent roof all through. The Nardo W12 promises 598 bhp while running on 5998 cc engine. It weighs around 1200 kg and reaches a top speed of around 350kph.
Fact:Volkswagen owns many other automakers, including luxury brands like Lamborghini, Audi, Porsche, and Bentley.
The Group comprises twelve brands from seven European countries: Volkswagen Passenger Cars, Audi, SEAT, ŠKODA, Bentley, Bugatti, Lamborghini, Porsche, Ducati, Volkswagen Commercial Vehicles, Scania and MAN. In addition, the Volkswagen Group offers a wide range of financial services, including dealer and customer financing, leasing, banking and insurance activities, and fleet management.
Summary:
This is all about the Volkswagen corporation.
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