The Volkswagen Group is a Germany-based carmaker. In 2017, the Volkswagen Group was the leading vehicle manufacturing company worldwide. In 2018, the car manufacturer sold around 10.9 million vehicles and generated about 235.8 billion euros in revenue. Although VW is the group’s most prolific marque, the automotive company has acquired several other brands over the last years, the most notable ones being Audi, Bentley, SEAT, Porsche and Škoda. In addition to its commercial vehicle segment, the automobile firm also holds large stakes in U.S.-based Navistar, as well as Scania and MAN, two European manufacturers of commercial vehicles and engines. After Volkswagen Group’s market share dipped to 10.52 percent in 2006, the company began to intensify its efforts in order to increase Volkswagen’s share of the global passenger car market, which stood at 13.55 percent in 2014. VW's shares plunged= after the carmaker was accused of nefariously falsifying emissions data. The company's attempt to mitigate repercussions resulting from the emissions scandal is expected to cost 30,000 jobs over the course of the next years. It is also rumored that the Volkswagen Group will spin off some noncore assets, such as its Ducati motorcycle brand.
The Volkswagen Group is a Germany-based carmaker. In 2017, the Volkswagen Group was the leading vehicle manufacturing company worldwide. In 2018, the car manufacturer sold around 10.9 million vehicles and generated about 235.8 billion euros in revenue. Although VW is the group’s most prolific marque, the automotive company has acquired several other brands over the last years, the most notable ones being Audi, Bentley, SEAT, Porsche and Škoda. In addition to its commercial vehicle segment, the automobile firm also holds large stakes in U.S.-based Navistar, as well as Scania and MAN, two European manufacturers of commercial vehicles and engines. After Volkswagen Group’s market share dipped to 10.52 percent in 2006, the company began to intensify its efforts in order to increase Volkswagen’s share of the global passenger car market, which stood at 13.55 percent in 2014. VW's shares plunged= after the carmaker was accused of nefariously falsifying emissions data. The company's attempt to mitigate repercussions resulting from the emissions scandal is expected to cost 30,000 jobs over the course of the next years. It is also rumored that the Volkswagen Group will spin off some noncore assets, such as its Ducati motorcycle brand.
