Volkswagen

Volkswagen AG (XETR: VOW) manufactures passenger cars under the Volkswagen, Audi, Skoda, Seat, and Porsche brands. It also produces and sells commercial vehicles (trucks and buses) and power engineering components such as large diesel engines and turbomachinery. Volkswagen also offers financial services, including dealer and consumer financing and leasing solutions. Founded in 1937, the German automaker has expanded its product portfolio over the years, with the most recent addition being the acquisition of North American truck manufacturer, Navistar, in 2021. Volkswagen, together with its other brands, is the largest in Europe and the second-largest globally, based on units sold, reporting a revenue of EUR 322 billion (~USD 343 billion) for FY2023.

Volkswagen’s mass-market passenger car models include Volkswagen, Skoda, Seat, and Cupra. The Audi, Bentley, and Lamborghini brands cater to the premium segments, while Porsche falls under the sport and luxury category. The group sold 9.4 million vehicles in 2023, with electric vehicles (EVs) accounting for ~8% of total units sold. The passenger car business was Volkswagen’s largest in terms of revenue, accounting for a share of ~70% in 2023.

Europe (and other) was Volkswagen’s largest geographical segment, accounting for ~58% of total revenue in 2023. Volkswagen’s strategic objectives include raising the EV share to 20%–25% of unit sales by 2025/26 and achieving an operating return of 9%–11% by 2030. Volkswagen also aims to be carbon neutral by 2050.