Company
Volkswagen Group
The Volkswagen Group with its headquarters in Wolfsburg is one of the world’s leading automobile manufacturers and the largest carmaker in Europe. The Group is made up of ten brands from seven European countries: Volkswagen, Volkswagen Nutzfahrzeuge, ŠKODA, SEAT, CUPRA, Audi, Lamborghini, Bentley, Porsche and Ducati. Our group sells vehicles in 153 countries and operates 114 production plants worldwide. Each working day, around 675,000 employees worldwide produce cars, are involved in vehicle-related services or work in the other fields of business. Our goal is to make mobility sustainable for us and for future generations. Our promise: With electric drive, digital networking and autonomous driving, we make the automobile clean, quiet, intelligent and safe. At the same time, our core product becomes even more emotional and offers a completely new driving experience. It is also becoming part of the solution when it comes to climate and environmental protection. In this way, the car can continue to be a cornerstone of contemporary, individual and affordable mobility in the future. #Shapingmobility
Volkswagen Group is a publicly traded company operating in the automotive industry sector, based in Germany. It trades on the Frankfurt Stock Exchange under the ticker VOW.
Leadership
Former
Recent developments
AI summary of recent coverageRecent coverage has focused on Volkswagen Group's comprehensive restructuring plan, which involves eliminating approximately 50,000 jobs and closing multiple factories through 2030 while also cutting roughly half of its vehicle lineup. The overhaul has prompted significant executive leadership changes across the company's regional divisions, including new appointments for North America and Africa, and has raised questions about the future of the Seat brand. The Group has emphasized its continued commitment to certain operations while implementing cost-cutting measures globally, including workforce reductions in its India unit.
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