What does Volkswagen own? Is Volkswagen owned by BMW?

What does Volkswagen own? Is Volkswagen owned by BMW? Volkswagen AG, known internationally as the Volkswagen Group, is a German multinational automotive manufacturer headquartered in Wolfsburg, Lower Saxony, Germany. The company designs, manufactures, and distributes passenger and commercial vehicles, motorcycles, engines and turbomachinery, as well as offers related services, including financing, leasing, and fleet management. In 2016, it was the world’s largest automaker by sales, and keeping this title in 2017, 2018, and 2019, selling 10.9 million vehicles. It has maintained the largest market share in Europe for over two decades. It ranked seventh in the 2020 Fortune Global 500 list of the world’s largest companies.

The Volkswagen Group sells passenger cars under the Audi, Bentley, Cupra, Jetta, Lamborghini, Porsche, SEAT, Škoda and Volkswagen brands, motorcycles under the Ducati name, light commercial vehicles under the Volkswagen Commercial Vehicles brand, and heavy commercial vehicles via the marques of the listed subsidiary Traton (Navistar, MAN, Scania and Volkswagen Truck & Bus). It is divided into two primary divisions: the Automotive Division and the Financial Services Division. As of 2008, it had about 342 subsidiary companies.[10] Volkswagen also has three joint ventures in China, FAW-Volkswagen, SAIC Volkswagen and Volkswagen Anhui. The company has operations in roughly 150 countries, and it has 100 production facilities across 27 countries.

Volkswagen

What does Volkswagen own?

The following automakers are owned by Volkswagen AG, usually referred to as Volkswagen Group:

  • Audi
  • Bentley
  • Bugatti
  • Ducati
  • Lamborghini
  • Porsche
  • SEAT
  • Škoda
  • Volkswagen
  • Volkswagen Business Automobiles
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One of the biggest automakers in the world, the Volkswagen Group offers a variety of vehicles under its brands, from affordable vehicles to high-end models. The group is also well-represented in the market for commercial vehicles.

The Volkswagen Group has numerous additional businesses in addition to its automobile brands, such as:

  • Swedish commercial vehicle manufacturer Scania AB
  • German commercial vehicle and diesel engine producer is called MAN SE.
  • Italian design firm Italdesign Giugiaro, which specializes in automobile design
  • High-performance electric vehicles are produced by the joint venture between Bugatti and Rimac Automobili known as Bugatti Rimac.
  • Porsche Engineering is an engineering services firm that offers the automobile sector consulting and development services.

The Volkswagen Group is an international business with operations in more than 150 nations. Its main office is in Wolfsburg, Germany.

Is Volkswagen owned by BMW?

No, BMW does not own Volkswagen. The Porsche SE holding company is the largest shareholder of Volkswagen AG, a publicly traded firm. The Quandt family is the largest stakeholder in the publicly traded BMW Group.

Two of the biggest automakers in the world, Volkswagen and BMW, face off against one another in a number of market areas. But the two businesses have also worked together on a variety of projects, including the creation of the HERE digital mapping platform.

A joint venture to develop and produce electric vehicle batteries was announced by Volkswagen and BMW in 2019. Production for the joint venture, known as ACC, is anticipated to begin in 2025.

What brands are owned by Volkswagen?

The following brands are owned by Volkswagen AG:

  • Audi
  • Bugatti Bentley
  • Ducati
  • Lamborghini
  • BMW Porsche SEAT
  • Škoda
  • Volkswagen
  • Volkswagen Business Automobiles
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One of the biggest automakers in the world, the Volkswagen Group offers a variety of vehicles under its brands, from affordable vehicles to high-end models. The group is also well-represented in the market for commercial vehicles.

The Volkswagen Group is an international business with operations in more than 150 nations. Its main office is in Wolfsburg, Germany.

Volkswagen

Who is the biggest shareholder of Volkswagen?

Porsche Automobil Holding SE is Volkswagen’s largest stakeholder. Porsche SE had 31.4% of Volkswagen’s shares as of December 31, 2022, giving it a controlling interest in the business.

The Porsche and Pich families own shares in Porsche SE, a German holding corporation. Volkswagen has a long connection with the Porsche and Pich families, who were instrumental in the growth of the business.

Volkswagen’s other significant stockholders include:

  • Institutional foreign investors: 27%
  • 10.5%: Qatar Holding LLC
  • 11.8% for the State of Lower Saxony

The remaining Volkswagen shares are in free float, which indicates that both individual and institutional investors own them.

It is crucial to remember that the Volkswagen Group has a convoluted ownership structure and that numerous other businesses hold sizable holdings in the organization. For instance, Porsche AG and Volkswagen AG each share 31.4% of the Volkswagen Group, which controls 75% of Porsche AG. Due to the formation of a circular ownership structure, the Porsche and Pich families now have a substantial amount of influence over the Volkswagen Group.

Is VW the biggest car company in the world?

Yes, the Volkswagen Group has the largest revenue of any automaker worldwide. The Volkswagen Group had the most revenue of any automaker in 2022 at $295.8 billion. Toyota Motor Corporation came in second place in terms of revenue with $267.0 billion.

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Volkswagen Group is a global German automaker with its main office in Wolfsburg. It creates, produces, and sells bikes, engines, turbomachinery, and passenger and commercial vehicles. Audi, Bentley, Bugatti, Ducati, Lamborghini, Porsche, SEAT, koda, Volkswagen Passenger Cars, and Volkswagen Commercial Vehicles are among the group’s portfolio of brands.

With more than 670,000 people, the Volkswagen Group ranks among the biggest employers on the planet. It has operations in more than 150 nations and 27 countries host its industrial plants.

The group’s success can be attributed to a number of things, including as the diversity of its brands, its global presence, and its emphasis on innovation. The Volkswagen Group is a pioneer in the creation of autonomous and electric vehicles.

It is significant to remember that the global auto business is fiercely competitive, and that the positions of different automakers in terms of revenue might shift over time. However, the Volkswagen Group has continuously ranked among the top automakers globally in recent years.

How do you pronounce Volkswagen?

German term “Volkswagen” is pronounced as follows:

  • Volk, Swagger, Generation
  • The Volks-va-gen

Volkswagen’s initial syllable is pronounced similarly to the word “folk” in English. The second syllable is spoken with a short “a” sound, much to the word “swag” in English. The third syllable is pronunced similarly to the word “gen” in English.

Here’s how to pronounce Volkswagen properly: Make it into syllables, and then practice saying each one independently. Once you have mastered each syllable individually, combine them to form the entire word.

Volkswagen can be properly pronounced by listening to a record

Volkswagen

Above is information about What does Volkswagen own? Is Volkswagen owned by BMW?. Hopefully, through the above content, you have a more detailed understanding of Volkswagen. Thank you for reading our post.

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