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VWoA is responsible for six marques: Audi, Bentley, Lamborghini, and Volkswagen, and in addition is the exclusive importer and distributor of Bugatti and Rimac cars in the U.S. [3] [4] It also controls VW Credit, Inc. (operating as Volkswagen Financial Services), [5] Volkswagen's financial services and credit operations. [6]
Volkswagen is encouraging baby boomer employees to leave and reportedly offering six-figure payouts to other staff deemed surplus to requirements. ... The German auto giant agreed last year to ...
Volkswagen held a 19.9% non-controlling shareholding in Suzuki between 2009 and 2015. An international arbitration court ordered Volkswagen to sell the stake back to Suzuki. [52] On 17 September 2015, Suzuki paid $3.8bn to complete the stock buy-back just hours prior to a major scandal about emissions violations engulfing Volkswagen
Volkswagen Group, as a unit, is Europe's largest motor vehicle manufacturer, with over 74,000 employees and over 7,700 dealerships. [86] For a long time, Volkswagen has had a market share over 20 per cent. [87] In 2010, Volkswagen posted record sales of 6.29 million vehicles, with its global market share at 11.4%. [88]
Usually, car leases allow the lessee to drive the car for a certain number of miles for a certain number of years. The lessee pays a fixed monthly payment for the privilege of driving the vehicle, and when the lease ends, the lessee returns the vehicle to the lessor. The lessee pays only for the value of the vehicle for the term of the lease.
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The number included pre-series cars, technical training cars, dealer experience cars as well as customer cars. November 2011: The Passat is named the 2012 Motor Trend Car of the Year. [46] December 2011: The plant became the first auto plant in the world to receive an LEED platinum certification. [47]
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