Volkswagen Group
Volkswagen Group with its headquarters in Wolfsburg, Germany, is one of the world’s leading automobile manufacturers and the largest carmaker in Europe. In 2020, due to the Covid-19 pandemic, which had a strong impact on business at the Volkswagen Group and its brands, 9.3 million vehicles were delivered to customers worldwide (11.0 million in 2019). The global market share rose to 13.0 percent (2019: 12.9 percent).
The Group comprises ten brands: Volkswagen Passenger Cars, Volkswagen Commercial Vehicles, ŠKODA, SEAT, CUPRA, Audi, Lamborghini, Bentley, Ducati, Porsche.
The product spectrum ranges from motorcycles to low-consumption small cars and luxury vehicles. In the commercial vehicle sector, the products include ranges from pick-ups, buses and heavy trucks.
Volkswagen Group is also active in other fields of business, manufacturing large-bore diesel engines for marine and stationary applications (turnkey power plants), turbochargers, turbomachinery (steam and gas turbines), compressors and chemical reactors. It also produces vehicle transmissions, special gear units for wind turbines, slide bearings and couplings.
In addition, Volkswagen Group offers a wide range of financial services, including dealer and customer financing, leasing, banking and insurance activities, and fleet management.
The Group’s goal is to offer attractive and safe vehicles which can compete in an increasingly tough market and set world standards in their respective class.
TOGETHER — Strategy 2025
With its «TOGETHER — Strategy 2025» future program, the Volkswagen Group is paving the way for the biggest change process in its history: the realignment of one of the best carmakers to become a globally leading provider of sustainable mobility. In order to achieve this, the Group will be transforming its automotive core business and will be launching a further 30-plus fully electric cars by 2025, as well as expanding battery technology and autonomous driving as new core competences. Furthermore, a cross-brand business unit for intelligent mobility solutions is to be established as a second pillar. The strategic investment in on-demand mobility provider Gett was the first step in this direction; over the coming years, further services such as robotaxis, carsharing or transport on-demand will be grouped around this nucleus. The successful transformation requires the Group to place its innovation power on an even broader footing: the Group is driving forward with digitalization across all brands, areas and functions. At the same time, Volkswagen will rely to a greater extent than before on partnerships, acquisitions and strategic investments. To finance investments in future topics, the Group aims to significantly increase efficiency across all areas, brands and regions.
Volkswagen Group
