Volkswagen is an vehicle manufacturer located in Wolfsburg, Lower Saxony, Germany that was set up by Trade Union Germany (Deutsche Arbeitsfront) in 1937. Volkswagen is the original brand name of your Volkswagen Team which also owns a number of other vehicle makes like Audi, Bentley Motors, Bugatti Vehicles, Automobili Lamborghini, SEAT, Škoda in addition to a industrial vehicle manufacturer Scania. The yr of 2009, the Supervisory Board of Volkswagen AG endorses the institution of the integrated Automotive Team with Porsche underneath the auspices of Volkswagen.
Volkswagen is a corporation listed on the public. The corporate's possession composition is quite elaborate. The table down below will display the share of possession of Volkswagen. It should be observed that Porsche Auto Keeping and Porsche GmbH is not synonymous with Dr. Ing. h.c. f. Porsche AG, the car manufacturer Porsche. Porsche Auto Keeping is owned with the household of Porsche, Qatar, Keemiratan and 49.nine% owned by Volkswagen AG. Porsche GmbH sold to Volkswagen AG.
Volkswagen provides a plant in several nations on the globe, both equally factory manufacturing or Assembly with the community sector. The Volkswagen-owned factories distribute throughout Germany, Slovakia, China, India, Indonesia, Russia, Brazil, Argentina, Portugal, Spain, Poland, Mexico, Bosnia and Herzegovina, and South Africa. Volkswagen also has a whole new factory in America. The yr 2011, VW is recorded from the list of the 25 premier providers on the globe by Forbes World wide 2000
Volkswagen has usually experienced close ties with the sports vehicle enterprise Porsche, headquartered in Zuffenhausen was Started by Ferdinand Porsche yr 1931. Ferdinand Porsche himself was the initial designer and founder of the business Volkswagen. The 1st Porsche vehicle, the Porsche 64 1938, utilised quite a few elements in the Volkswagen Beetle. Porsche 356 1948 applying many VW elements, such as the motor, gearbox and suspension.