Volkswagen

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Product Type: Stock CFDMarket: XETRA
Sector: ServicesIndustry: Automobiles & Parts
Country: GermanyCurrency: EUR
Trading Hours: According to marketMeasurement Unit: Shares
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Description:

Volkswagen Aktiengesellschaft is a company headquartered in Wolfsburg Germany that sells and manufactures vehicles mostly in Europe, North America, South America and the Asia-Pacific markets. The company was founded in 1937. The Volkswagen Group is one of the leading car producers in the world and recorded sales revenue of €217.3 billion ($229.4 billion) in 2016.The company is divided into 4 parts: Passenger cars, Commercial Vehicles, Power Engineering and Financial Services.

Interesting Facts:

  • In September 2017 Volkswagen announced plans to launch 23 all electric models by 2025, anticipating 2 to 3 million yearly sales - the company describes itself however, as a “second mover” in electric cars, for now.
  • In 2012 the company completed the acquisition of German carmaker Porsche.
  • In 2017 the company announced that it delivered 10.3 million vehicles in 2016.