Volkswagen LifeSun — Volkswagen 166

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Volkswagen 166

Volkswagen AG

Volkswagen Group is a multinational automotive company in Wolfsburg, Lower Saxony, It is the largest automotive company in the measured by revenue. It designs, and distributes passenger and commercial motorcycles, engines, and turbomachinery and related services including leasing and fleet management. In it produced the third-largest number of vehicles of any company in the world, General Motors and Toyota. It has the largest market share in for over two decades. As of 2013, it ninth in the Fortune Global 500 of the world’s largest companies.

Group sells passenger under the Audi, Bentley, Lamborghini, Porsche, SEAT, and Volkswagen marques; motorcycles the Ducati brand; and commercial under the MAN, Scania and Commercial Vehicles marques. It is into two primary divisions, the Division and the Financial Services and has approximately 340 subsidiary companies. The has operations in approximately 150 countries and 100 production facilities across 27 It holds a 19.9% non-controlling in Suzuki and has two major joint-ventures in and Shanghai Volkswagen.

Volkswagen was in 1937 to manufacture the car which become known as the Beetle. The production grew rapidly in the and 1960s, and in 1965 it acquired Union, which subsequently the 1st post-war Audi models. launched a new generation of front-wheel vehicles in the 1970s, including the Polo and Golf; the latter its bestseller. Volkswagen acquired a stake in SEAT in 1986, it the 1st non-German marque of the company, and control of Škoda in 1994, of Lamborghini and Bugatti in 1998, in 2008 and of Ducati, MAN and Porsche in The company’s operations in China grown rapidly in the past with the country becoming its market.

Volkswagen Aktiengesellschaft is a public and has a primary listing on the Frankfurt Exchange, where it is a constituent of the DAX and secondary listings on the London Exchange, Luxembourg Stock New York Stock Exchange and SIX Exchange. As of September 2012, the of Lower Saxony holds of the company’s shares, granting it 20% of the rights.

Volkswagen was founded on 28 May as the Gesellschaft zur Vorbereitung des Deutschen mbH by the National Socialist Deutsche (German Labour Front). The of the company was to manufacture the Volkswagen originally referred to as the Porsche 60, then the Volkswagen Type 1, and called the Volkswagen Beetle. vehicle was designed by Ferdinand consulting firm, and the company was by the support of Adolf Hitler. On 16 1938, Gezuvor was renamed GmbH (“Volkswagen Factory liability company”).

Shortly the factory near Fallersleben was World War II was started and the plant manufactured the military Kxbelwagen and the amphibious Schwimmwagen (Type both of which were from the Volkswagen. Only a number of Type 60 Volkswagens made during this period. The Fallersleben plant manufactured the V-1 flying bomb, the plant a major bombing for the Allied forces. Much of the at the plant was slave labor, from eastern Europe.

After the war in Europe, in June Major Ivan Hirst of the Army Royal Electrical and Engineers took control of the factory, and restarted production, the expected disposal of the plant as war However, no British car manufacturer was “the vehicle does not the fundamental technical requirement of a it is quite unattractive to the average To build the car commercially would be a uneconomic enterprise”. In 1948, the Motor Company of USA was offered but Ernest Breech, a Ford vice president said he think either the plant or the car was a damn.” As part of the Industrial for Germany, large parts of industry, including Volkswagen, to be dismantled. Total German car was set at a maximum of 10% of the 1936 car production The company survived by producing for the British Army, and in 1948, the Government handed the company over to the German state, it was managed by former-Opel chief Nordhoff.

Production of the Type 60 Volkswagen slowly after the war due to the need to the plant and because of the lack of raw but production grew rapidly in the and 1960s. The company began new models based on the Type 1, all the same basic air-cooled, rear-drive platform. These the Volkswagen Type 2 in 1950, the Karmann Ghia in 1955, the Type 3 in 1961, the Volkswagen 4 in 1968, and the Volkswagen Type 181 in

In 1960, upon the flotation of of the German federal government’s in the company on the German stock its name became Volkswagenwerk

On 1 January 1965, Volkswagenwerk Auto Union GmbH its parent company Daimler-Benz. The new went on to produce the 1st post-war models, the Audi F103 shortly afterwards.

Another manufacturer, NSU Motorenwerke AG, was merged Auto Union on 26 August creating a new company, Audi NSU Union AG.

From the late to 1992, the acronym V.A.G was by Volkswagen AG as a brand for group-wide such as distribution and leasing. to popular belief, “V.A.G” had no meaning, and was never the name of the Group.

On 30 September 1982, made its 1st step expanding of Germany by signing a co-operation with the Spanish car manufacturer S.A.

On 18 June 1986, Volkswagen AG a 51% controlling stake in SEAT, it the 1st non-German subsidiary of the Volkswagen On 23 December the same year, it the Spanish company’s major by increasing its share up to 75%.

prestige automotive marques added to the Volkswagen portfolio in Bentley, Lamborghini and Bugatti.

On 30 May Volkswagen AG . after having raised its equity share, Škoda Auto into a owned subsidiary.

Volkswagen revealed on 24 October 2009 it had made an offer to acquire partner and German niche manufacturer Wilhelm Karmann out of bankruptcy protection. In November the Supervisory Board of Volkswagen AG the acquisition of assets of Karmann, and to restart vehicle production at Osnabrxck plant in 2012.

In 2009, Volkswagen AG bought a stake in Dr. Ing. h.c. F. AG in a 1st step towards an ‘integrated group’ with Porsche. The of Volkswagen AG and Porsche SE was scheduled to place during the course of On 8 September 2011, it was announced the planned merger “cannot be within the time frame for in the Comprehensive Agreement.” As reasons, legal risks, including a probe into the holding’s management team were Both parties “remain to the goal of creating an integrated group with Porsche and are that the will take On 4 July 2012 Volkswagen announced they would up the remaining half of Porsche for 4.46 billion euros billion) on 1 August 2012 to taxes of as much as 1.5 billion which would have to be if the wrap up happened after 31 2014. Volkswagen AG purchased the stake in Porsche AG equaling of the shares in Porsche Zwischenholding effectively becoming its parent as of 1 August 2012.

Volkswagen AG completed the purchase of of Suzuki Motor Corporation’s shares on 15 January 2010. invested part of the amount from Volkswagen into percent of Volkswagen. In 2011, filed a lawsuit at an arbitration in London requesting that returns the 19.9% stake.

On 25 May it was announced that Volkswagen through it subsidiary Lamborghini S.p.A. had acquired a 90.1% in the Italian automotive design Italdesign Giugiaro. In only than three months, the had been completed making the firm a member of the Volkswagen

Rooted in Europe, the Volkswagen operates in 153 countries. Volkswagen Cars is the Group’s original and the other major subsidiaries passenger car marques such as Bentley, Bugatti, Lamborghini, SEAT, and Škoda. Volkswagen AG has operations in commercial vehicles, Volkswagen Commercial Vehicles, with controlling stakes in bus and diesel engine manufacturers AB and MAN SE.

Volkswagen AG shares are also and traded on other major and worldwide stock exchanges. In domestic exchanges, since these include those in Dxsseldorf, Hamburg, Hanover, and Stuttgart. International exchanges those in Basel, Geneva Zxrich (1967), Luxembourg London (1988), and New York

From 23 December 2009, AG preferred shares replaced its shares in the DAX index.

In 2010, Group’s largest single market was China with units delivered, followed by with 1,038,596 units. by regions, Western Europe is the market of the Volkswagen Group 2,902,948 units in 2010, by Asia-Pacific with 2,145,787 and South America with units delivered in 2010.

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