Volkswagen AG


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Next Event

Q3 2021 Volkswagen AG Earnings Release

Latest Developments


Volkswagen Says September Volkswagen Group Deliveries Down 32.9% At 626,200 Vehicles

There Are No Plans To Cut 30,000 Jobs - Volkswagen spokesperson

Volkswagen Says VW China Builds Battery System Factory In Anhui


About Volkswagen AG

Volkswagen AG is a Germany-based company that manufactures and sells vehicles. It operates through four segments: Passenger Cars, which covers the development of vehicles and engines, the production and sale of passenger cars, and the corresponding genuine parts business; Commercial vehicles, which comprises the development, production and sale of light commercial vehicles, trucks and buses, the genuine parts business and related services; Power Engineering, which consists of the development and production of large-bore diesel engines, turbo compressors, industrial turbines and chemical reactor systems, the production of gear units, propulsion components and testing systems, and Financial Services, which comprises dealer and customer financing, leasing, banking and insurance activities, fleet management and mobility services. Its brand portfolio includes Volkswagen, Audi, SEAT, SKODA, Bentley, Bugatti, Lamborghini, Porsche, Ducati, Volkswagen Commercial Vehicles, Scania and MAN.


Auto & Truck Manufacturers

Contact Info

Berliner Ring 2




Executive Leadership

Hans Dieter Poetsch

Chairman of the Supervisory Board

Herbert Diess

Chairman of the Management Board, Group Chief Executive Officer

Jorg Hofmann

Deputy Chairman of the Supervisory Board, Employee Representative

Frank Witter

Member of the Management Board, Responsible for Finance and IT

Gunnar Kilian

Member of the Management Board, Human Resources and Truck and Bus

Key Stats

1.81 mean rating - 27 analysts
Revenue (MM, EUR)
















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Latest News

Latest News

UPDATE 1-Goldman Sachs, Freshfields working on possible Porsche IPO -Manager Magazin

Investment bank Goldman Sachs and law firm Freshfields are among advisors working on a possible listing of Volkswagen's luxury unit Porsche AG, Manager Magazin reported on Thursday, without saying where it obtained the information.

Goldman Sachs, Freshfields working on possible Porsche IPO -manager magazin

Investment bank Goldman Sachs and law firm Freshfields are among advisors working on a possible listing of Volkswagen's luxury unit Porsche AG, manager magazin reported on Thursday, without saying where it obtained the information.

Volkswagen's main plant producing fewest cars since 1958, source says

Volkswagen has produced just 300,000 cars at its main Wolfsburg plant so far this year, a company source with knowledge of the matter said, the lowest figure since 1958 and far behind its average output before the pandemic.

UPDATE 1-Volkswagen executive sees global chip shortage running well into 2022

Volkswagen AG's top Americas executive said on Tuesday the global semiconductor chip shortage will run well into next year.

Bridgepoint buys majority stake in traffic software specialist from Porsche SE

Private equity company Bridgepoint Group has agreed to buy a majority stake in traffic and transport software maker PTV Group from parent Porsche SE for an undisclosed sum.

UPDATE 1-Volkswagen's Skoda Auto halts production for two weeks

Skoda Auto started a two-week outage on Monday as the carmaker contends with the global shortage of chips and other components, the Vokswagen-owned company said.

Tesla's Musk dials into Volkswagen executive conference

Tesla boss Elon Musk has addressed 200 Volkswagen executives via a video call after an invitation from the German carmaker's CEO Herbert Diess, who wants to galvanise VW's top brass for a faster pivot to electric vehicles.

CORRECTED-UPDATE 2-Volkswagen CEO warns a delay in shift to electric vehicles could cost 30,000 jobs - sources

Volkswagen's CEO Herbert Diess told a supervisory board meeting in September that the company could lose 30,000 jobs if it transitioned too slowly to electric vehicles (EVs), two sources with knowledge of the matter told Reuters on Wednesday.

Volkswagen considering cutting up to 30,000 jobs -Handelsblatt

Volkswagen is considering cutting up to 30,000 jobs to cut costs and improve competitiveness with players such as Tesla, German daily Handelsblatt reported on Wednesday.

UPDATE 1-Volkswagen to decide on eastern European battery plant in H1 2022

* Plant in eastern Europe planned for 2027 (Updates with Volkswagen comment)

Volkswagen delays decision on gigafactory -Czech industry minister

Czech Industry Minister Karel Havlicek said on Monday that Germany's Volkswagen has delayed a decision on the location of its gigafactory, where the Czech Republic was among the candidates.

Audi CEO sees chip shortage as 'perfect storm' but will get through it

Premium car brand Audi, Volkswagen's biggest profit contributor, has to troubleshoot on a day-to-day basis to tackle an ongoing shortage of auto chips, its chief executive said.

VW labour boss wants faster electric car rollout at Wolfsburg - Braunschweiger Zeitung

The head of Volkswagen's works council wants the carmaker to bring forward production of electric vehicles at its main plant in Wolfsburg to 2024 make it more competitive, a newspaper reported on Saturday.

Foreign automakers ask U.S. House Democrats to reject union EV tax credit

A group of 12 major foreign automakers, including Toyota Motor Corp, Volkswagen AG , Hyundai Motor Co and Nissan Motor Co , urged U.S. House of Representatives Democrats to reject a proposed $4,500 tax incentive for U.S-made electric vehicles by union workers.

Traton's MAN targets profit margin boost in e-truck overhaul -CEO

German truckmaker MAN, owned by Volkswagen's Traton division, aims to significantly raise its profit margin by 2023 as it restructures to adapt to the electric age, its chief executive said.

KBA orders recall of 200,000 VW T6 multivans over door-locking mechanism

Germany's motor vehicle authority (KBA) has ordered a recall of about 200,000 Volkswagen T6 multivans that were built between 2019 and 2021, it said on Thursday.

UPDATE 1-Chief executive of VW's truck unit Traton replaced by Scania boss

The chief executive of Volkswagen's truck unit Traton, Matthias Gruendler, will leave the business and will be replaced by the head of Traton subsidiary Scania, Christian Levin, who will lead both businesses.

UPDATE 1-VW to pay $1.5 million to settle New Hampshire, Montana diesel claims

Volkswagen AG on Monday said it has agreed to pay $1.5 million to settle environmental claims with the states of New Hampshire and Montana over updates of emissions software arising from the 2015 diesel cheating scandal.

VW to pay $1.5 million to settle NH, Montana diesel claims

Volkswagen AG on Monday said it has agreed to pay $1.5 million to settle environmental claims with the states of New Hampshire and Montana over post-vehicle updates of software emissions arising from the 2015 diesel cheating scandal.

QUOTES-German blue-chips respond to close national election

Germany's Social Democrats (SPD) narrowly won Sunday's national election, with the most likely outcome being a three-way alliance led by either the SPD or Chancellor Angela Merkel's conservatives.

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