Volkswagen AG, or Volkswagen Group, is a German multinational automotive manufacturer headquartered in Wolfsburg, Lower Saxony, Germany. Founded in Berlin in 1937 by the German Labour Front, its original mission was to produce an affordable "people's car," envisioned by Adolf Hitler. The iconic Volkswagen Beetle was the first major model. Today, Volkswagen Group offers financing, leasing, and fleet management services.
Oliver Blume has been the Chairman of the Board of Management (CEO) of Volkswagen AG since September 1, 2022, and his leadership has been extended until the end of 2030. The company emphasizes customer orientation, entrepreneurship, and team spirit under Blume's leadership. Volkswagen owns numerous brands, including Volkswagen Passenger Cars, Audi, Bentley, Lamborghini, Porsche, SEAT, and Škoda. In 2025, Volkswagen delivered approximately 4.73 million vehicles worldwide. Despite challenging market conditions, the company maintains a strong market position, particularly in Europe, and is focusing on electric mobility and digitalization. Recently, Volkswagen has been working towards cutting costs by 20% across its entire portfolio by 2028.
