Volkswagen Group (sometimes abbreviated to VW Group)[5] is a German multinational automotive manufacturing group headquartered in Wolfsburg. It is the world’s second-largest motor vehicle manufacturer by 2011 unit sales and the largest based in Europe.[6][7]
The Group's parent company Volkswagen Aktiengesellschaft,[8] usually abbreviated to Volkswagen AG, develops vehicles and components for all marques of the whole group, and also manufactures complete vehicles for the Volkswagen Passenger Cars and Volkswagen Commercial Vehicles marques.[8] As of September 2011, 50.73% of the voting rights in Volkswagen AG were held by Porsche Automobil Holding SE, which is also the parent company of Porsche AG.[9] Volkswagen Group is divided into two primary divisions: the Automotive Division, and the Financial Services Division.[1] The Group consists of 342 Group companies, which are involved in either vehicle production or other related automotive services.[1]
The Group's parent company Volkswagen Aktiengesellschaft,[8] usually abbreviated to Volkswagen AG, develops vehicles and components for all marques of the whole group, and also manufactures complete vehicles for the Volkswagen Passenger Cars and Volkswagen Commercial Vehicles marques.[8] As of September 2011, 50.73% of the voting rights in Volkswagen AG were held by Porsche Automobil Holding SE, which is also the parent company of Porsche AG.[9] Volkswagen Group is divided into two primary divisions: the Automotive Division, and the Financial Services Division.[1] The Group consists of 342 Group companies, which are involved in either vehicle production or other related automotive services.[1]
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