About Volkswagen

Volkswagen AG operates as a manufacturer of light commercial vehicles. Divisions The company consists of two divisions, Automotive and Financial Services. The Automotive division comprises the Passenger Cars, Commercial Vehicles and Power Engineering business areas. Activities of the Automotive division comprise in particular the development of vehicles and engines, the production and sale of passenger cars, light commercial vehicles, trucks, buses and motorcycles, as well as genuine parts, large-bore diesel engines, turbomachinery, special gear units, propulsion components and testing systems businesses. Mobility solutions are gradually being added to the range. The Ducati brand is allocated to the Audi brand and thus to the Passenger Cars Business Area. The activities of the Financial Services division comprise dealer and customer financing, vehicle leasing, direct banking and insurance activities, fleet management and mobility offerings. Volkswagen Financial Services Volkswagen Financial Services comprises dealer and customer financing, leasing, direct banking and insurance activities, fleet management and mobility services in 48 countries. In Europe, the principal companies are Volkswagen Bank GmbH, Volkswagen Leasing GmbH, and Volkswagen Versicherungsdienst GmbH. VW CREDIT, INC. operates financial services activities in North America. Volkswagen Financial Services is further expanding its involvement in the mobility business and acquired 100% of the shares in LogPay Financial Services GmbH (LPFS) in 2019. LPFS owns LogPay Mobility Services, a leading payment services provider for local public transport in Germany. With the takeover of LPFS, Volkswagen Financial Services is able to centralize its fuel card business and become one of the leading fuel and road toll service providers in Europe. To further expand the strategic business area related to parking, Volkswagen Financial Services acquired 75.1% of the shares in PTV Truckparking B.V. from PTV Planung Transport Verkehr AG from Karlsruhe. Based in Utrecht (the Netherlands), the company operates the web platform and smartphone app Truck Parking Europe. The company develops vehicles and components for its brands, but also produces and sells vehicles, in particular passenger cars and light commercial vehicles for the Volkswagen Passenger Cars and Volkswagen Commercial Vehicles brands. The company is a vertically integrated energy supply company. In the electricity sector, the company generates, sells, and distributes electricity. The Automotive Division comprises the Passenger Cars, Commercial Vehicles and Power Engineering business areas. The Passenger Cars Business Area essentially consolidates the company’s passenger car brands and the Volkswagen Commercial Vehicles brand. Activities focus on the development of vehicles and engines, the production and sale of passenger cars and light commercial vehicles, and the genuine parts business. The product portfolio ranges from compact cars to luxury vehicles and also includes motorcycles, and will gradually be supplemented by mobility solutions. The Commercial Vehicles Business Area primarily comprises the development, production and sale of trucks and buses from the Scania and MAN brands, the corresponding genuine parts business and related services. The commercial vehicles portfolio ranges from light vans to heavy trucks and buses. The collaboration between the two commercial vehicle brands is coordinated in TRATON SE. The Power Engineering Business Area combines the large bore diesel engines, turbomachinery, special gear units, propulsion components and testing systems businesses. The activities of the Financial Services division comprise dealer and customer financing, vehicle leasing, direct banking and insurance activities, as well as fleet management and mobility offerings. With its brands, the company is present in all relevant markets around the world. The key sales markets include Western Europe, China, the U.S.A., Brazil, Russia, Mexico, and Poland. In addition to the Finance and IT, Human Resources, and Integrity and Legal Affairs divisions, the company collaborates across six operating units and the China region, these being the ‘Volume’, ‘Premium’, ‘Sport & Luxury’, ‘Truck & Bus’ brand groups, as well as the Components & Procurement and Financial Services operating units. The ‘Volume’ brand group comprises the Volkswagen Passenger Cars, SEAT, ŠKODA and Volkswagen Commercial Vehicles brands. The Audi, Lamborghini and Ducati brands are brought together in the ‘Premium’ brand group. ‘Sport & Luxury’ is consisted of the Porsche, Bentley and Bugatti brands. The ‘Truck & Bus’ brand group is the umbrella for the Scania and MAN brands. Components & Procurement will function as one unit spanning all of the brands and supporting them. The Financial Services business has been combined into a single unit. History Volkswagen AG was founded in 1937.