Volkswagen

Volkswagen is a German automobile manufacturer headquartered in Wolfsburg, Lower Saxony, Germany. Founded in 1937 by the German Labour Front under the Nazi Party and revived into the global brand it is known as today post-World War II by the British Army officer Ivan Hirst, it is known for the iconic Beetle and serves as the flagship brand of the Volkswagen Group, the largest automotive manufacturer by worldwide sales in 2016 and 2017. The group's biggest market is China, which delivers 40 percent of its sales and profits. Its name is derived from the German-language terms Volk and Wagen, translating to "people's car" when combined.
volkswagen

Some of the key events about Volkswagen

  • 1937
    Founded as a state-owned enterprise to produce affordable cars for the German people
  • 1937
    Founded as a state-owned enterprise under Nazi Germany to produce the "people's car"
  • 1945
    Resumed production of the Volkswagen Beetle after World War II
  • 1945
    Forced labor was used extensively in Volkswagen factories during World War II
  • 1949
    Introduced the iconic Volkswagen Type 2 (Microbus/Transporter)
  • 1955
    Produced its one-millionth Volkswagen Beetle
  • 1961
    Volkswagen established a subsidiary in apartheid South Africa, facing criticism for operating under the regime
  • 1965
    Acquired Auto Union GmbH (now Audi)
  • 1972
    Surpassed the Ford Model T as the world's best-selling car with the Beetle
  • 1973
    Volkswagen do Brasil was accused of collaborating with the Brazilian military dictatorship
  • 1974
    Introduced the Volkswagen Golf, which became one of the world's best-selling car models
  • 1993
    Volkswagen was accused of industrial espionage against General Motors
  • 1998
    Launched the "New Beetle", a modern interpretation of the classic Beetle design
  • 2002
    Introduced the Touareg, marking Volkswagen's entry into the luxury SUV market
  • 2005
    A corruption scandal involving bribery and illegal privileges for labor representatives was uncovered
  • 2015
    Became the world's largest automaker by sales, surpassing Toyota
  • 2015
    The "Dieselgate" emissions scandal was exposed, revealing Volkswagen had been cheating on emissions tests
  • 2016
    Volkswagen agreed to pay $14.7 billion in a settlement over the diesel emissions scandal in the US
  • 2017
    Volkswagen pleaded guilty to criminal charges related to the diesel emissions scandal in the US
  • 2019
    Volkswagen faced allegations of using forced labor in China's Xinjiang region through a joint venture

Disclaimer: This material is written based on information taken from open sources, including Wikipedia, news media, podcasts, and other public sources.

Volkswagen Latest news

Volkswagen Faces Tough Choices Amid Market Challenges and Union Tensions

Volkswagen Faces Tough Choices Amid Market Challenges and Union Tensions

Germany's largest automaker, Volkswagen, grapples with declining electric vehicle demand and fierce competition. The company's decision to end job guarantees early has sparked union backlash, setting the stage for a potential showdown.

Business, Economics • September 13 2024, 06:11 AM  •  144 views
Electric Vehicle Revolution Stalls: A Reality Check on Green Transportation

Electric Vehicle Revolution Stalls: A Reality Check on Green Transportation

The electric vehicle industry faces setbacks as demand wanes and manufacturers retreat. This article examines the challenges of the EV transition and calls for a more balanced approach to green transportation policies.

Business, Economics, Science • September 11 2024, 02:13 PM  •  237 views
Italy Challenges EU's 2035 Petrol Car Ban Amid Industry Concerns

Italy Challenges EU's 2035 Petrol Car Ban Amid Industry Concerns

Italy calls for a review of the EU's 2035 petrol car ban, citing industry concerns. Ministers criticize the policy as ideologically driven, while Volkswagen faces challenges in EV production and rising energy costs.

Economics, Politics • September 9 2024, 09:38 AM  •  363 views
IG Metall Proposes Four-Day Week at Volkswagen Amid Job Cut Fears

IG Metall Proposes Four-Day Week at Volkswagen Amid Job Cut Fears

Germany's largest union suggests shorter work week at Volkswagen to save jobs, as the automaker considers factory closures. Economic challenges persist with downgraded growth forecasts and construction sector struggles.

Business, Economics • September 5 2024, 12:53 PM  •  166 views
UK Car Market Shift: Extended Waits for Petrol Models, EV Deliveries Accelerate

UK Car Market Shift: Extended Waits for Petrol Models, EV Deliveries Accelerate

New data reveals extended waiting times for petrol cars in the UK, while electric vehicle deliveries improve. Industry experts suggest the zero-emission mandate may be influencing market dynamics.

Business, Economics • September 3 2024, 08:44 PM  •  334 views
Volkswagen's Cupra Brand Faces Existential Threat from EU Tariffs

Volkswagen's Cupra Brand Faces Existential Threat from EU Tariffs

Proposed EU tariffs on Chinese-made cars could devastate Volkswagen's Cupra brand, potentially impacting production and jobs in Spain. The move highlights tensions between EU protectionism and European automakers' global strategies.

Business, Economics • September 3 2024, 06:47 PM  •  240 views
UK Halts Some Arms Exports to Israel Amid Gaza Concerns

UK Halts Some Arms Exports to Israel Amid Gaza Concerns

Britain suspends certain military equipment exports to Israel over humanitarian law risks in Gaza. Jeremy Corbyn forms alliance with pro-Gaza MPs to amplify their parliamentary voice.

Society, Politics • September 2 2024, 04:38 PM  •  244 views
Polestar CEO Resigns Amid EV Market Challenges

Polestar CEO Resigns Amid EV Market Challenges

Polestar's founder and CEO Thomas Ingenlath steps down after seven years, as the Tesla rival faces declining sales and financial struggles. New leadership aims to strengthen the company's market presence amid EV industry slowdown.

Business, Economics • August 28 2024, 12:55 PM  •  17 views