Tag: volkswagen

  • Interesting Facts About Volkswagen To Amaze You

    Volkswagen has successfully topped itself among the list of successful car producers and manufacturers in the world. It is known for manufacturing many iconic vehicles. It also owns popular brand subsidiaries. Most of us wish to own a car from Volkswagen. But, before moving ahead, let’s know about how Volkswagen emerged.

    During the years before 1930, cars were only meant for the elite people. They were beyond the means of a common man. However, Adolf Hitler announced the manufacturing of a car that could accommodate 2 adults and 3 children. In 1934, Volkswagen announced its first car KdF-Wagen.

    During the Second World War, severe losses happened. However, the company toiled hard to fight with the competition and win the market. Now, let’s have a look at the company highlights of Volkswagen.

    Company Highlights

    Company Name Volkswagen
    Headquarters Wolfsburg, Germany
    Industry Automotive
    Founder German Labour Front
    Founding Year 1937
    Parent Company Volkswagen AG
    Number of employees 307,342

    Now let’s have a look at some amazing facts about Volkswagen.

    Volkswagen – World’s 7th largest Car Company
    Volkswagen – Slogan
    Volkswagen – Subsidiary Brands
    Volkswagen – Naming Of Cars
    Volkswagen – Products Apart From Cars
    Volkswagen – Most Successful Vehicle
    Volkswagen – Largest Market
    Volkswagen – Microbus For About 70 Years
    Volkswagen – Comparision With Toyota
    Volkswagen – Best Seller Of 20th Century
    Volkswagen – Ferdinand Prosche
    Volkswagen – Fastest Car In The World
    Volkswagen – Valuation
    Volkswagen – Users
    Volkswagen – The Dieselgate Scandal
    Conclusion
    FAQs


    Volkswagen Group | German multinational company | Company Profiles |
    On May 28, 1937, the government of Germany, the National Socialist Party forms a new automobile company, Volkswagen. Know more about its business model


    Volkswagen – World’s 7th largest Car Company

    Yes, Volkswagen tops the list of largest car companies by acquiring the rank seven. With about 12 subsidiaries and other productions, Volkswagen successfully made this place in the list.

    Volkswagen – Slogan

    The slogan of Volkswagen was changed from “Das Auto” to ” Volkswagen”. This happened in 2016, which was the company’s initiative to start working afresh.

    Volkswagen – Subsidiary Brands

    Volkswagen subsidiaries | Audi | Lamborghini |Skoda | Bentley | Porsche
    Volkswagen subsidiaries | Audi | Lamborghini |Skoda | Bentley | Porsche 

    Volkswagen owns 12 brands as its subsidiaries. These brands are SEAT, Audi, Bentley, MAN, Lamborghini, Scania, Bugatti, Porsche, Bentley, Skoda, Volkswagen Commercial Vehicles, Ducati.

    About Volkswagen and its Subsidiaries

    Volkswagen – Naming Of Cars

    This might be surprising to know that the names of Volkswagen cars are generally derived from the names of ocean currents. Some names are even derived from the names of prevailing wind Examples may include Vento, Polo, Passat, Bora, etc.

    Volkswagen – Products Apart From Cars

    Volkswagen Engine and Turbocharger
    Volkswagen Engine and Turbocharger

    If you think Volkswagen produces only cars, then you are mistaken. Volkswagen also produces diesel engines, steam turbines, turbochargers, and chemical reactors. Although cars are their major source of income, still they have made huge investments in engine technologies.

    Volkswagen – Most Successful Vehicle

    The most successful vehicle produced by Volkswagen is Golf. On average, it has produced 29 million copies which have been successfully sold worldwide. It was seen as a phase of the transition of Volkswagen towards modernization. It was such a hit that it was nominated for the European Car of the year two times.

    Volkswagen – Largest Market

    This might be intriguing for you to know that China serves to be the largest marketplace for Volkswagen. In 2017, about 3.18 million Volkswagen cars were sold in China which was about half of the sales in the global market. With time, the Chinese market is also expanding.

    Volkswagen – Microbus For About 70 Years

    While we talk about microbus, you might go back to the era of the 70s. However, the microbus was produced by Volkswagen in 1949 and it ran on the roads till 2013.

    Volkswagen – Comparision With Toyota

    Volkswagen Vs Toyota
    Volkswagen Vs Toyota

    If you are wondering about the above question, then it’s simply that Volkswagen is more popular. In 2016, Volkswagen surpassed Toyota by setting a record of selling about 10.31 million cars.

    Volkswagen – Best Seller Of 20th Century

    This might be quite intriguing for you to know that the Beetle was the best selling among all cars in many years. The production of the Beetle was stopped in 2013. However, it had already sold 21.5 million cars by then.

    Volkswagen – Ferdinand Prosche

    You already know that the Beetle was the best selling among all cars of the 20th century. However, the mastermind behind this car was Ferdinand Porsche. He invested only 10 months in manufacturing this car with all its awesome features. After the launch, the popularity of Beetle grew over years.

    Volkswagen – Fastest Car In The World

    Bugatti Chiron, launched in 2016, is the fastest car in the world. Chiron can travel at the speed of 267 miles per hour. It can also gain a speed from 0 to 60 within only 2.4 seconds. Not just this, all the fastest cars including supermodels are produced by Volkswagen.

    Volkswagen – Valuation

    During October 2008, for some short period, Volkswagen was worth around $370 billion in the market. At this time, it was the most valuable company in the world. The share prices even increased drastically leading to this consequence.

    Volkswagen – Users

    Of every ten cars sold across the world, one car is from Volkswagen. This was how popular Volkswagen was in 2014. In the same year, it sold about 10.2 million vehicles. The markets of the company outside of Germany also increased.

    Volkswagen – The Dieselgate Scandal

    It was reported that Volkswagen cars contributed to pollution following which this scandal emerged. The company had infused some software which led to high levels of pollution. After the reporting of the issue, the company suffered heavy losses which included the value of sales falling by 30%. Customers lost their trust resulting in more losses.

    Conclusion

    Volkswagen, being a German manufacturer has made its place in the world market. However, this success didn’t come overnight. Volkswagen had to go through lots of turmoil and hard phases to reach this position. By dint of all its efforts and hard work, it has become the owner of leading car brands.

    The Volkswagen products have even won many awards in the international field. Some of its achievements include European Car of the Year, Motor Trend Car of the Year, World Car of the Year, etc. This adds an extra edge to its competitors.

    FAQs

    Does Volkswagen own Audi?

    Yes, Volkswagen owns many brands as subsidiaries which even includes Audi.

    How are Volkswagen cars named?

    The names of Volkswagen cars are generally derived from the names of ocean currents.

    What was the first car launched by Volkswagen?

    The first car launched by Volkswagen is KdF-Wagen.

    What brands does Volkswagen own?

    • Audi
    • Lamborghini
    • SEAT
    • SKODA
    • Bugatti
    • Porsche
    • Ducati
    • Bentley

    What is the Number of employees in Volkswagen?

    There are 307,342 employees in Volkswagen (2021).

    Which car is best in Volkswagen?

    List of best cars of Volkswagen are:

    • The Volkswagen Touareg
    • Volkswagen Eos
    • Volkswagen Corrado
    • The Iconic Beetle
    • Volkswagen Phaeton
    • The Volkswagen Passat
    • Volkswagen GTi
    • Volkswagen Scirocco
    • The Golf R32
    • The Volkswagen Jetta

    What does Volkswagen stand for?

    In German language, meaning of Volkswagen  is “the people’s car.”

  • Volkswagen – Investing Strongly In Its Future

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Volkswagen.

    Volkswagen Group is a German automobile manufacturer whose main brand is Volkswagen. With headquarters in Wolfsburg, Germany, it is the world’s biggest luxury vehicle manufacturer.

    Volkswagen creates, produces, and distributes passenger and commercial cars, motorbikes, engines, and turbomachinery, as well as financial, leasing, and fleet management services. It overtook Toyota as the world’s largest carmaker in 2016, and held that position for the next three years, selling 10.97 million vehicles.

    Volkswagen – Company Highlights

    Company Name Volkswagen
    Headquarters Wolfsburg, Germany
    Industry Automotive
    Founder German Labour Front
    Founded 1937
    CEO Herbert Diess
    Parent Volkswagen AG
    Website vw.com

    Volkswagen – About and How it works?
    Volkswagen – Founder and History
    Volkswagen – Logo and its meaning
    Volkswagen – Mission
    Volkswagen – Business Model
    Volkswagen – Revenue and Growth
    Volkswagen – Investments
    Volkswagen – Acquisitions
    Volkswagen – Competitors
    Volkswagen – Challenges Faced
    Volkswagen – Future Plans

    Volkswagen – About and How it works?

    Volkswagen is a premium automobile manufacturer and retailer located in Germany. Volkswagen is derived from the German word Volk, which means “people,” and so Volkswagen means “people’s automobile” or “people’s car.” It is divided into four sections:

    • Passenger Automobiles – includes vehicle and engine research, manufacturing and marketing of passenger cars, as well as the related authentic parts industry.
    • Commercial vehicles include light commercial vehicles, trucks, and buses, as well as the genuine parts sector and related services.
    • Large-bore diesel engines, turbo compressors, industrial turbines, and chemical reactor systems, as well as gear units, propulsion components, and testing equipment, are all part of Power Engineering.
    • Dealer and customer finance, leasing, banking and insurance operations, fleet management, and mobility services are all part of Financial Services.

    Among the company’s brands are Volkswagen, Audi, SEAT, SKODA, Bentley, Bugatti, Lamborghini, Porsche, Ducati, Volkswagen Commercial Vehicles, Scania, and MAN.

    Volkswagen – Founder and History

    The German government, led by Adolf Hitler of the National Socialist (Nazi) Party at the time, forms the Gesellschaft Zur Vorbereitung des Deutschen Volkswagens mbH, a new state-owned automobile business, on May 28, 1937. It was renamed Volkswagenwerk, or “The People’s Car Company,” later that year.

    Volkswagen was based in Wolfsburg, Germany, and was originally owned by the German Labour Front, a Nazi group. Aside from his ambitious plan to create a network of autobahns and limited-access motorways across Germany, Hitler’s favorite project was the creation and mass manufacturing of a low-cost, high-speed car that could be purchased for less than 1,000 Reich marks (about $140 at the time).

    Hitler enlisted the help of Austrian automotive expert Ferdinand Porsche to develop this “people’s vehicle.” “This automobile has been developed for the wide masses,” the Fuhrer said during a Nazi rally in 1938. Its objective is to satisfy their mobility needs while also making them happy.” However, shortly after the KdF (Kraft-Durch-Freude)-Wagen (“Strength-Through-Joy”) was presented at the Berlin Motor Show in 1939, World War II broke out, and Volkswagen halted production. With the plant in ruins after the war, the Allies chose to concentrate their efforts on rebuilding the German automobile industry on Volkswagen.

    Volkswagen – Logo and its meaning

    The Volkswagen logo is made up of the company’s initials, with the “V” positioned above the “W,” and both letters interacting beautifully.

    The Volkswagen Logo
    The Volkswagen Logo

    The blue color of the Volkswagen emblem stands for quality, reliability, and class, while the white hue stands for nobility, purity, and charm.

    Volkswagen – Mission

    There is no formal mission statement for Volkswagen. Volkswagen’s objective, according to a spokesman, is to “provide beautiful, safe, and ecologically sound vehicles that can compete in an increasingly competitive market and establish world standards in their respective classes.” The corporate aim encapsulates all the organization undertakes to achieve its vision. Its focus is on maintaining a level of quality that outperforms all other rivals in every way.

    Volkswagen – Business Model

    Innovation-driven VW introduces new models on a regular basis. It adjusts to fit local needs and focuses on the unique characteristics of each country (esp. in growth markets). VW seeks to decrease costs through efficient manufacturing methods and economies of scale while stressing the requirement for quality. “Offer beautiful, safe, and ecologically sound cars that can compete in an increasingly competitive market and establish world standards,” says the organization.

    VW secures control and exploits its scale by a degree of centralization, but its worldwide presence allows it to accommodate for local specifics: R&D (including worldwide trend reconnaissance and technology scouting) is headquartered in Germany, with subsidiary research hubs in the United States, Japan, and China. Similarly, Group procurement buys manufacturing supplies, services, and Capex in bulk to maximize negotiating power, but it does so from 39 sites in 23 countries.

    VW develops sustainable, long-term relationships with a range of suppliers and requires a high level of quality and dedication to ensure steady and efficient flows of high-quality and innovative sourced components.

    The Group’s multi-brand approach encourages internal competition, encourages switchers to try new brands, and appeals to a wide range of individuals. Because of its strict hierarchical brand design with sub-brands, internal cannibalism of sales is reduced. Passenger (VW), premium (Audi), luxury (Porsche), and commercial business holding firms are the four product categories in the corporation. The brands are translated into the corporate hierarchy and are used to arrange the business in order to represent customer preferences within the company.


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    Volkswagen – Revenue and Growth

    Volkswagen AG reported $60.736 billion in revenue for the quarter ended March 31, 2020, down 10.89 percent year over year.

    Year Annual Revenue Percentage change
    2019 $282.948B +1.58%
    2018 $278.538B +6.83%
    2017 $260.74B +8.45%

    Volkswagen – Investments

    Date Organization Name Round Amount
    Jun 9, 2021 Northvolt Venture Round $2.8B
    Apr 28, 2021 IRP Systems Series C $31M
    Mar 15, 2021 Northvolt Corporate Round
    Nov 30, 2020 TuSimple Series E $350M
    Sep 29, 2020 Northvolt Venture Round $600M
    Jun 16, 2020 Audi AG Secondary Market $267M
    Jun 16, 2020 QuantumScape Corporate Round $200M
    Nov 14, 2019 credi2 Series A
    Aug 30, 2019 SeeReal Technologies Corporate Round
    Jul 12, 2019 Argo AI Corporate Round $2.6B
    Jun 12, 2019 Northvolt Corporate Round $600M
    May 7, 2019 Gett Series E $120M
    Nov 12, 2018 ONO Grant $50K
    Jun 21, 2018 QuantumScape Corporate Round $100M
    Jun 7, 2018 Gett Series E $80M

    Volkswagen – Acquisitions

    Acquiree Name Date Amount About Acquiree
    WirelessCar Dec 19, 2018 $122M WirelessCar is a provider of manufacturers of cars and commercial vehicles with customized telematics services to end-customers
    Porsche Jul 5, 2012 Porsche is a German automobile manufacturer
    Scania Mar 3, 2008 Scania is a manufacturer of heavy trucks and buses as well as industrial and marine engines

    Volkswagen – Competitors

    The competitors of Volkswagen Automobiles are:

    • Ford
    • General Motors
    • Toyota
    • Suzuki
    • Hyundai
    • Nissan
    • Honda
    • FCA (Fiat Chrysler Automobiles)
    • BMW
    • Mercedes

    Volkswagen – Challenges Faced

    Economic volatility and greater competitiveness, as well as the costs of the current diesel crisis and new, time-consuming exhaust testing in the European Union, are among the issues.

    According to chief financial officer Frank Witter, the cost of executing the Worldwide Harmonized Light-Duty Test Procedure (WLTP) testing surpassed €1 billion (S$1.6 billion). Production increased by 13.5 percent in the second quarter, more than twice the growth rate of deliveries, as the automaker prepared for the regulation change. Volkswagen warned earlier this year that inventories might pile up ahead of the WLTP’s implementation on September 1st.

    VW is grappling with political issues as well as internal transformation in the aftermath of the three-year-old diesel scandal, which continues to haunt the industrial juggernaut.

    The business incurred penalties of €1.64 billion, mostly due to a punishment imposed by German authorities, bringing the total losses to almost €27.4 billion. Mr. Rupert Stadler, the now-suspended chief of Audi’s premium division, was arrested by Munich prosecutors in June and is still detained.

    As per a spokesperson, a subsequent partnership with Ford in light commercial vehicles would allow the companies to pool development resources for electrification, lowering one-time costs in areas such as battery-powered and self-driving cars, both of which are gaining pace at the same time.

    “We cannot rest on our laurels because great challenges lie ahead of us in the coming quarters,” Mr Diess (chairman of the board of management of Volkswagen Group) said. “Growing protectionism also poses major challenges for the globally integrated automotive industry.”

    Volkswagen – Future Plans

    • Between 2020 and 2024, planned investments and development expenses in future sectors such as hybridization, electric transportation, and digitization will reach over EUR 60 billion.
    • In Planning Round 68, the share of anticipated spend on future themes grew to over 40%, up from around 30% in the previous Planning Round.

    The Volkswagen Group continues to make significant investments in its future. Planning Round 68 resulted in the creation of the investment plan for 2020 to 2024. The Group plans to invest over EUR 60 billion in hybridization, electric mobility, and digitization over the next five years. This amounted to around 40% of the company’s property, plant, and equipment investments, as well as all research and development costs, throughout the planning period. It’s a ten-percentage-point rise over the previous Planning Round for the Group. The Group expects to invest about EUR 33 billion in electric vehicles alone.

    “We are resolutely pressing ahead with the transformation of the Volkswagen Group and focusing our investments on the future of mobility. This is part of our systematic and consequent implementation of the Group’s strategy,” said Hans Dieter Pötsch, Chairman of the Supervisory Board of the Volkswagen Group.