Volkswagen
(VW)
Volkswagen (abbreviated VW) is a German
automobile manufacturer and is the original and
biggest-selling marque of the Volkswagen Group,
which now also owns the Audi, Bentley, Bugatti,
Lamborghini, SEAT, and Skoda marques and the truck
manufacturer Scania.
Volkswagen means "people's car" in German.
Its current tagline or slogan is Das Auto (The Car).
Volkswagen has become a large international corporation
from where it started and expanded to different
worldwide markets and countries. The world headquarters
of Volkswagen are located in its home country in
Wolfsburg, Germany. Volkswagen AG, owned by the
Volkswagen Group, is situated with other car manufacturers
including Audi, SEAT, Lamborghini, Bentley, Bugatti,
Scania, and Skoda. Volkswagen is currently Europe's
largest automaker. For a long time, Volkswagen has
had a market share over 20 percent. Worldwide, Volkswagen
officially ranks as the 3rd largest manufacturer
behind Toyota and GM as measured by OICA in 2009.
In 2010, Volkswagen, posted record sales of 6.29 million
vehicles, with its global market share at 11.4%.
Volkswagens core markets include Germany and China.
After overtaking Ford in 2008, Volkswagen became
the third largest automaker in the world. Volkswagen
has aimed to double its US market share from 2%
to 4% for the year 2014, and is aiming to become,
sustainably, the world's largest car maker by 2018.
(Source: Wikipedia.org)
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