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

Ford plans big UK job cuts as electric car sales hit unexpected roadblock

Ford plans big UK job cuts as electric car sales hit unexpected roadblock

Ford announces plans to reduce its UK workforce by 800 people while scaling back electric vehicle production in Europe. The car-maker faces dropping sales and changing market conditions for battery-powered cars

Business, Economics •   •  371 views
Swedish mega-factory troubles show cracks in Europe's tech independence dreams

Swedish mega-factory troubles show cracks in Europe's tech independence dreams

Europeʼs biggest battery venture faces major money problems while Asian makers dominate the market. Technical challenges and rising competition from China put EUʼs tech independence plans at risk

Business, Economics, Science • November 19 2024 , 05:54 PM  •  590 views
German economy faces tough choices as Trump returns to White House

German economy faces tough choices as Trump returns to White House

German industrial output hits lowest point in nearly two decades while facing new trade-related challenges. Former export powerhouse needs quick solutions as international relations shift dramatically

Economics, Politics • November 8 2024 , 09:03 AM  •  438 views
Nissan's global shake-up puts thousands of UK auto jobs at risk

Nissan's global shake-up puts thousands of UK auto jobs at risk

Japanese car-maker Nissan announces major cut-backs affecting 9‚000 jobs worldwide and 20% production reduction. UKʼs Sunderland plant faces uncertainty as company deals with tough market conditions

Business, Economics • November 7 2024 , 09:51 AM  •  524 views
BMW hits rough patch as Chinese buyers pick local electric cars instead

BMW hits rough patch as Chinese buyers pick local electric cars instead

German car giant BMW shows massive drop in profits as Chinese customers switch to home-grown brands. Company faces multi-front challenge: dropping sales worldwide brake system recall and tough EV market

Business, Economics • November 6 2024 , 08:40 PM  •  644 views
Ikea opens wallet for Cold War forced labor while other firms stay silent

Ikea opens wallet for Cold War forced labor while other firms stay silent

Swedish furniture giant agrees to pay millions for using East German prison labor during Cold War era. Other major companies face similar accusations but refuse to acknowledge their past connections

Business, Politics • November 5 2024 , 07:28 PM  •  923 views
Tesla challenges Biden's new car parts policy as election day nears

Tesla challenges Biden's new car parts policy as election day nears

Tesla pushes back against White-House plan to limit Chinese tech in American cars. The dispute highlights growing tension between car-makers and government about foreign parts in US vehicles

Business, Politics • November 4 2024 , 04:33 PM  •  79 views
German economy dodges downturn while other EU nations show growth signs

German economy dodges downturn while other EU nations show growth signs

Latest data shows German economy avoided technical recession with tiny growth‚ while France and Spain performed better. ECB rate adjustments and tourism helped push eurozone to its best quarter in years

Business, Economics, Politics • October 30 2024 , 04:32 PM  •  833 views
German auto giant faces tough choices as profits take unexpected nosedive

German auto giant faces tough choices as profits take unexpected nosedive

Volkswagen struggles with major profit decrease as Chinese market share drops and European sales slow down. Company executives push for wide-ranging cost-cuts while unions prepare for tough negotiations

Business, Economics • October 30 2024 , 11:44 AM  •  450 views
German auto giant's troubles show why UK shouldn't copy European economic model

German auto giant's troubles show why UK shouldn't copy European economic model

As Labour plans to adopt European-style policies a major crisis hits German industry. Volkswagenʼs factory closures and wage cuts signal deeper problems in Europeʼs largest economy

Business, Economics, Politics • October 30 2024 , 09:39 AM  •  299 views
German auto giant's shock plan puts thousands of jobs at risk

German auto giant's shock plan puts thousands of jobs at risk

Major car manufacturer considers shutting down three factories in Germany while planning significant workforce reductions. Employee council warns about possible strikes as tensions rise over companyʼs future

Business, Economics • October 28 2024 , 03:19 PM  •  642 views