Profile: Volkswagen AG (VLKAY.PK)
29 Apr 2016
Volkswagen AG, incorporated on April 27, 1961, is an automobile manufacturer and a carmaker in Europe. The Company is the parent company of the Volkswagen Group. It develops vehicles and components for the Volkswagen Group's brands, but also produces and sells vehicles, in particular passenger cars and light commercial vehicles for the Volkswagen Passenger Cars and Volkswagen Commercial Vehicles brands. In its function as parent company, the Company holds indirect or direct interests in AUDI AG, SEAT S.A., SKODA AUTO a.s., Dr. Ing. h.c. F. Porsche AG, Scania AB, MAN SE, Volkswagen Financial Services AG and other companies in Germany and abroad. The Company is a vertically integrated energy company performing electricity generation, sales and distribution together with a subsidiary.
The Company operates in four segments: Passenger Cars, Commercial Vehicles, Power Engineering and Financial Services. The activities of the Passenger Cars segment cover the development of vehicles and engines, the production and sale of passenger cars, and the corresponding genuine parts business. The Commercial Vehicles segment primarily comprises the development, production and sale of light commercial vehicles, trucks and buses, the corresponding genuine parts business and related services. The activities of the Power Engineering segment consist of the development and production of large-bore diesel engines, turbo compressors, industrial turbines and chemical reactor systems, as well as the production of gear units, propulsion components and testing systems. The activities of the Financial Services segment comprise dealer and customer financing, leasing, banking and insurance activities, fleet management and mobility services.
The Volkswagen Group consists of two divisions: the Automotive division and the Financial Services division. The Automotive division consists of both the Passenger Cars business area and the Commercial Vehicles/Power Engineering business area. The Commercial Vehicles/Power Engineering business area consists of the Commercial Vehicles and the Power Engineering segments. Accordingly, the activities of the Automotive division consists of the development of vehicles and engines, the production and sale of passenger cars, light commercial vehicles, trucks, buses and motorcycles, as well as the genuine parts, large-bore diesel engines, turbomachinery, special gear units, propulsion components and testing systems businesses. The Ducati brand is allocated to the Audi brand and is thus presented in the Passenger Cars reporting segment. The Financial Services division, which corresponds to the Financial Services segment, combines dealer and customer financing, leasing, banking and insurance activities, fleet management and mobility offerings.
Berliner Ring 2
Company Web Links
- German finmin criticizes Volkswagen management over bonuses: paper
- VW executive committee balks at Qatar's push for seat: sources
- Continental CEO says VW not pushing for price cuts: CEO
- BRIEF-Porsche SE says VW shareholder structure is extremely robust
- Porsche SE expects to swing back to profit in 2016