Who founded Volkswagen? | The sun
VOLKSWAGEN is one of the largest car manufacturers in the world, synonymous with its iconic motorhomes and the Beetle.
So who founded the car giant and who owns it now?
Who founded Volkswagen?
Volkswagen has produced some of the most iconic vehicles in car manufacturing.
Older models of their classic Beetle are coveted by car collectors, and the firm is among the biggest names in the industry.
The company began shortly before the outbreak of World War II and mass production did not begin until the mid-1940s.
The Volkswagen Group – also known as Volkswagen AG – was founded in 1937 by the German government to mass-produce affordable cars.
The company was originally run by the German Labor Front, the trade union organization of the Nazi Party.
World War II began in 1939 before mass production could begin, with the factory being used to produce military vehicles and equipment.
It became a target of bombardment by the Allies and was in ruins by the end of the war.
But the factory was then rebuilt under British supervision and mass production began in 1947.
Production of their base model, the Beetle, ended in 2019, having sold over 21 million units across the car’s three generations internationally.
Who owns Volkswagen?
The company belongs to Volkswagen Aktiengesellschaft (otherwise known as the Volkswagen Group or Volkswagen AG).
Its head office is located in Wolfsburg, Lower Saxony, Germany, and has 120 production plants worldwide.
Porsche Automobil Holding SE, also known as Porsche SE, is the company’s largest shareholder.
Porsche SE is a multinational company majority owned by the Austrian-German Porsche-Piëch family.
What car brands does the Volkswagen Group own?
Volkswagen also has some of the industry’s most prestigious brands and companies in its portfolio.
It includes 10 brands from five European countries.
This includes some of the most famous luxury car and sports car companies in the automotive industry.