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As of May 2018, the VW Group has committed $48 billion in car battery supplies [83] and plans to outfit 16 factories to build electric cars by the end of 2022. [84] According to VW Group CEO Dr. Herbert Diess , the company will offer 25 electric models and 20 plug-in hybrids by 2020.
Volkswagen (VW; German pronunciation: [ˈfɔlksˌvaːɡn̩] ⓘ) [Note 1] is a German automobile manufacturer based in Wolfsburg, Lower Saxony, Germany. Established in 1937 by The German Labour Front , it was revitalized into the global brand it is today after World War II by British Army officer Ivan Hirst .
The German automotive concern, Volkswagen Group has, since the 1970s, developed a series of shared automobile platforms for their motor vehicles. [1] [2]Originally, these were identified using a simple alphanumeric system.
Chart showing the price movement and volume during the 2008 short squeeze of Volkswagen shares. In the stock market, a short squeeze is a rapid increase in the price of a stock owing primarily to an excess of short selling of a stock rather than underlying fundamentals.
The old plant built the VW Polo from 1990-1991 in a joint venture between VW & VEB called Volkswagen IFA-PKW GmbH. VW also built a new plant in Zwickau-Mosel which launched production with the Golf on February 15, 1991. Now home to the Audi AG-owned August Horch Museum.
The Wolfsburg Volkswagen Plant is the worldwide headquarters of the Volkswagen Group. [1] Situated in Wolfsburg, Germany, it is one of the largest manufacturing plants in the world, with an area of just under 6.5 million m 2 (70 million sq ft) and a building area of 1.6 million m 2 (17 million sq ft). [2]
The Volkswagen Tiguan (German pronunciation: [ˈfɔlksˌvaːɡn̩ ˈtiːɡu̯aːn]) is a sport utility vehicle produced by German manufacturer Volkswagen since 2007, sitting between the smaller T-Roc and the larger Touareg in the company's crossover SUV range.
The Volkswagen Group MQB platform is the company's strategy for shared modular design construction of its transverse, front-engine, front-wheel-drive layout (optional front-engine, four-wheel-drive layout) automobiles.