Volkswagen AG ST Stock

Description Volkswagen

Volkswagen, listed on the Frankfurt Stock Exchange under the symbol VOW3 and on the US OTC market under the symbol VLKAF, is a German multinational automotive manufacturing company. It was founded in 1937 and operates in over 150 countries worldwide. Volkswagen produces a range of vehicles including passenger cars, trucks, and buses, along with other services such as financial services and car rental.

As of 2021, Volkswagen is one of the largest automakers in the world by sales volume. It has several popular brands under its umbrella which include Volkswagen, Audi, Bentley, Bugatti, Lamborghini, Porsche, and Skoda. The company has also been investing in electric and hybrid vehicle technology in recent years. In 2020, Volkswagen announced its plans to become a carbon-neutral company by 2050, and has set ambitious goals to reduce its carbon emissions and increase its production of electric vehicles.

Overall, Volkswagen is a well-known and established automotive company with a diverse range of offerings and a solid global presence. Due to its size and prominence in the market, Volkswagen is often followed closely by investors and analysts alike.

Competitors of Volkswagen

Volkswagen has several important competitors in the automotive industry, including:

1. Toyota Motors Corp. (Symbol: TM): This Japanese automaker is one of the largest in the world and produces a wide range of vehicles, from small cars to trucks and SUVs.

2. General Motors Co. (Symbol: GM): This American automaker produces popular brands such as Chevrolet, Buick, and Cadillac, and has a significant presence in both the domestic and international markets.

3. Ford Motor Co. (Symbol: F): Another major American automaker, Ford produces vehicles ranging from small cars to pickup trucks and has a strong presence in both the US and international markets.

4. Honda Motor Co. Ltd. (Symbol: HMC): This Japanese automaker is known for its fuel-efficient and reliable vehicles, and has a global presence with operations in North America, Europe, and Asia.

5. BMW AG (Symbol: BMWYY): This German automaker produces luxury vehicles under the BMW, MINI, and Rolls-Royce brands, and has a strong presence in Europe, North America, and Asia.

These competitors are important to Volkswagen because they all compete for market share in the automotive industry, and each company's success can affect Volkswagen's own market share and profitability.