Volkswagen Company

Volkswagen

Volkswagen AG is a German automobile corporation which sells its products in 154 countries around the world . As of 2007 , Volkswagen currently has eight automobile brands . These brands include Volkswagen Audi , Bentley , Skoda , Lamborghini , Seat , Bugatti and Volkswagen Commercial Vehicles . Cumulatively , these nine brands were responsible for selling 6 .2 million vehicles in 2007 . The Lamborghini marque was acquired when Volkswagen gained control and ownership of Audi AG , which owns Lamborghini . Starting March 2008 , Volkswagen expanded its automobile brand portfolio with its acquisition of a controlling stake in Swedish

auto manufacturer Scania AB . Volkswagen also owns and operates Volkswagen Financial Services

Apart from these marques and companies , Volkswagen AG also owns and operates various international subsidiaries of the various brands in its portfolio . All in all , there are 175 subsidiary companies owned and operated by Volkswagen AG . Volkswagen AG owns and operates a production facilities in 19 countries around the world as of 2007 Together , Volkswagen employs a world

Porsche AG controls Volkswagen AG by virtue of controlling 35 .14 of the voting rights in the company . This gives Porsche AG a controlling majority in Volkswagen AG . However , German law stipulates that the State of Lower Saxony still has veto power over decisions made by the corporation . In terms of capital ownership , the ownership of Volkswagen AG is as follows

The Board of Management of Volkswagen AG is composed of five members The Board of Management is responsible for overseeing the operations of Volkswagen AG with each board member responsible for a specific set of functions within Volkswagen AG . The Board of Management also oversees the management boards of its subsidiary companies . The Board of Management is currently headed by Dr . Martin Winterkorn

The Supervisory Board oversees the performance of the Board of Management . The Supervisory Board is responsible for approving all important corporate decisions . The Supervisory Board also appoints the members of the Board of Management . The Supervisory Board has 20 members and is headed by Dr . Ferdinand K . Pilch . The members of the Supervisory Board are elected in the annual general meeting of its stockholders Volkswagen currently produces vehicles in China through companies with which it has formed joint ventures through . The joint venture companies produced a companies include Shanghai Volkswagen Automotive Co , Limited (formed through a partnership with Shanghai Automotive Industry Corporation and FAW-Volkswagen Automotive Co . Limited (formed through a joint venture with the China FAW group

Bibliography

Volkswagen AG (2007 ) Annual Report 2007 : Driving Ideas . In Volkswagen AG . Retrieved September 28 , 2008 from HYPERLINK "http /www .volkswagenag .com /vwag /vwcorp /info_center /en /publications /200 8 /03 /Annual_Report_2007 .-bin .acq /qual-BinaryStorageItem .Single /VW_A G_GB_2007_en .pdf http /www .volkswagenag .com /vwag /vwcorp /info_center /en /publications /2008 /03 /Annual_Report_2007 .-bin .acq /qual-BinaryStorageItem .Single /VW_AG _GB_2007_en .pdf

Supervisory Board

Finance

Hans Dieter Potsch

Chairman of Board of Management

Martin Winterkorn

Group Production

Dr . Hochem Heizmann

Human Resources and Labour

Horst Neumann

Procurement

Francisco Javier Garcia Sanze...