Volkswagen Group shortly VW AG, is a German multinational automotive manufacturing company headquartered in Wolfsburg, Lower Saxony, Germany. There are many Car Companies Owned By Volkswagen Group. It designs, manufactures and distributes passenger and commercial vehicles, motorcycles, engines, and turbomachinery and offers related services including financing, leasing and fleet management.
Volkswagen brands list consist of approximately 340 subsidiary companies but today we will be looking at 8 car companies owned by Volkswagen Group
Here is the list of the car companies owned by Volkswagen Group -:
Audi AG is a German automobile manufacturer that designs, engineers, produces, markets and distributes luxury vehicles. In 1960, Audi was acquired by Volkswagen and since then Audi has become one of best-selling luxury automobiles in the world. As of now Volkswagen Group owns 99.55% share of the luxury car Audi.
2) Porsche AG
Porsche is a German automobile manufacturer specializing in high-performance sports cars, SUVs and sedans. Volkswagen
Porsche SE and Porsche AG are 2 different companies. SE is the majority shareholder in VW, but AG is the one that makes cars. When you consider this difference, you see how can VW become the owner – they became the owner of Porsche AG, not the Porsche SE.
Volkswagen group owns Porsche AG, not Porsche SE. Porsche SE is a German holding company with investments in the automotive industry. While Porsche AG was created for the car manufacturing business(which is owned by Volkswagen Group).
Porsche SE owns 52% shares of Volkswagen Group. This structure will help them transfer profits & losses around the books.
Lamborghini is an Italian brand and manufacturer of luxury sports cars and SUVs based in Sant’Agata Bolognese, Italy. The sports car company is owned by the Volkswagen Group through its subsidiary Audi. In 1998, Mycom Setdco and V’Power sold Lamborghini to the VW Group where it was placed under the control of the group’s Audi division.
Škoda, is a Czech automobile manufacturer founded in 1895 as Laurin & Klement. It is headquartered in Mladá Boleslav, Czech Republic. In 2000 Škoda became a wholly owned subsidiary of the Volkswagen Group.
Bugatti Automobiles S.A.S. is a French high-performance luxury automobiles manufacturer and a subsidiary of Volkswagen AG. Volkswagen purchased the rights to produce cars under the Bugatti Brand in June, 1998.
SEAT is a Spanish automobile manufacturer with its head office in Martorell, Spain. It is wholly owned subsidiary of the German Volkswagen Group. After the withdrawal of Fiat from SEAT it was Volkswagen that grabbed the opportunity and signed the partnership agreement with SEAT. On December 18, 1990, the Volkswagen Group acquired 99.99% ownership of the company, thus making SEAT the first non-German wholly owned subsidiary of the Group
Bentley Motors Limited is a British company that designs, develops, and manufactures luxury motorcars which are largely hand-built. It is a subsidiary of Volkswagen AG which means VW owns more than 50% shares of Bentley Motos Limited.
Volkswagen is a German automaker founded in 4 January 1937 by the German Labour Front, headquartered in Wolfsburg, Germany. It is the flagship brand of the Volkswagen Group and is the largest automaker worldwide currently.
Apart from the car companies owned by Volkswagen Group they also sells motorcycles under the Ducati brand; and commercial vehicles under the marques MAN, Scania, Neoplan and Volkswagen Commercial Vehicles.
After the emission scandal, Volkswagen stock price drop substantially and they are still trying to recover from that.
In 2015, Volkswagen admitted that it had installed pollution-cheating software in many of its cars to fool regulators that its cars met emissions standards when in fact they polluted at much higher levels than government standards.
Read more about the Volkswagen Group on Wikipedia.