Volkswagen Group is a German multinational automotive manufacturing company headquartered in Wolfsburg, Lower Saxony, Germany. It designs, engineers, manufactures and distributes passenger cars, commercial vehicles, motorcycles, engines and turbomachinery, and offers related services including financing, leasing and fleet management.
Volkswagen Aktiengesellschaft, together with its subsidiaries, manufactures and sells automobiles primarily in Europe, North America, South America, and the Asia-Pacific.
The biggest industry news of this year came from Volkswagen, which surpassed Toyota as the world’s largest automaker in the first half of 2015, despite falling sales in the U.S. Whether the German automaker can retain the #1 title for the full year remains to be seen.
In the U.S., sales of the Volkswagen vehicles fell 10% in 2014, despite a 5.9% gain in overall industry sales. For the first six months of 2015, Volkswagen brand sales fell 2.6%, compared to a 4.4% increase for the overall industry.
However, given that the automaker claimed the top spot in China, the world’s largest vehicle market, and remains dominant in Europe, 2015 is looking to be a bright year for the company.