VOLKSWAGEN AG

Headquartered in Wolfsburg, Germany, Volkswagen AG is a world leader in the automobile industry. The company manufactures and markets commercial and passenger vehicles. Founded in 1937, Volkswagen has 125 manufacturing plants across Europe and its vehicles are sold in more than 150 countries globally. Volkswagen has adopted strategies to address sustainability and clean energy challenges. These include electric innovations, digitalisation, and autonomous designs. Listed on Xetra, Volkswagen stock trades under the VOW ticker. Between 2015 and 2020, Volkswagen acquired one asset and divested two. The company sold LeasePlan NV for $4.2bn in 2015. With its delivery of more than 6 million units in 2019, Volkswagen reported a new record and increased its revenue by 5% in the same financial year. The company functions as a subsidiary of Porsche Automobil Holding SE. Volkswagen’s Passenger Cars and Light Commercial Vehicles roll out vehicles, engines, and parts for passenger and other light vehicle classes. Heavy vehicle classes and related parts are managed through the company’s Commercial Vehicles division. Power Engineering designs and manufactures equipment such as industrial turbines and chemical reactors. Leasing and fleet management are some of the services provided by Volkswagen’s Financial Services. The company is associated with and distinguished by brands such as Porsche, Bugatti, and Bentley. Considering VOW stock as an investment option? Add this item to your eToro watchlist for news and updates.