Volkswagen is a German multinational automotive manufacturing company, indirectly majority-owned by the Austrian Porsche-Piech family. VW designs, manufactures and distributes passenger and commercial vehicles, motorcycles, engines, and turbomachinery and offers related services including financing, leasing and fleet management. VW operates through two primary divisions: Automotive and Financial Services. The company has operations in ~150 countries, and operates 100 production facilities across 27 countries, and is headquartered in Wolfsburg, Lower Saxony, Germany.
Brands / Models
- Volkswagen Commercial Vehicles
- Bentley Motors Ltd
- Volkswagen Commercial Vehicles.
- FAW-Volkswagen, China
- SAIC Volkswagen, China
- Aug.20.2020: VW Chairman Settles Another Market-Manipulation Case. Volkswagen's chairman settles a market-manipulation case related to disclosure of the company's diesel-rigging scheme. Volkswagen AG Chairman Hans Dieter Poetsch settled a market-manipulation case that alleged he and other former executives informed markets too late about implications of its diesel-emissions rigging for Porsche Automobil Holding SE, VW’s majority shareholder. Poetsch agreed to pay 1.5m euros ($1.8m) to end the case, a spokeswoman for Stuttgart prosecutors said by phone. The investigators also ended the probe against former VW CEO Matthias Mueller, who at the time also served on the Porsche board. He didn’t have to pay a fine. The probe against Martin Winterkorn, former CEO of both companies, will continue. Bloomberg, Karin Matussek.