What does volkswagen own




















Cancel Save. Your browser does not support JavaScript! Agree and continue Set cookie preferences. Read more. For millions of people, Volkswagen epitomizes mobility. SEAT combines temperament and precision. CUPRA is an unconventional and emotionally-charged brand.

An uncompromisingly sporty identity, extreme design, ultimate performance — Lamborghini. Reset Filter. Filter Projects. Pty Ltd. Today, the Volkswagen Group is ranked as one of the top 10 companies in the world by revenue, controls 12 brands, consists of over 50 subsidiaries and is majority-owned by the Porsche-Piech family yes, that Porsche. Volkswagen has cemented itself as an automotive powerhouse, consistently outselling its competition.

And its no mystery as to why. As Volkswagen begins an aggressive move from combustion to electric vehicles, be on the lookout, as your favorite car brand may soon come with a plug instead of a gas tank. Starting as a construction firm in , Hyundai quickly expanded and joined the auto business in They first started building a version of the Ford Cortina which was under license and revealed its own model the Pony back in The year saw the rise of Kia which was a firm that specialised in making parts for bicycles.

It officially entered the auto market by the year by creating the K, a small three-wheeled truck, which was under license. Although Kia went bankrupt in , Hyundai took control of its reigns and merged the following year. Before that, the firm manufactured clip-on engines that were attached to bicycles. In , the company officially entered the auto business with a small T truck and an S sports car a few months later.

With Chrysler, Ferrari, Alfa Romeo and Lancia among its subsidiaries, this Italian car company sure can be proud of its children. The process started way back in when Chrysler came out from bankruptcy with Fiat as its partial owner. Eventually, the Italian firm bought enough shares to gain ownership of the brand. Full ownership of Bentley was concluded in , and Volkswagen started supplying cars under the Bentley name. Ferruccio Lamborghini founded the Italian company in He started it to offer competition to Ferrari.

In the first year of production. The company grew rapidly, mostly due to its rear-wheel-drive Miura sports coupe. After the worldwide financial shutdown in , the company started experiencing difficulties and even filed for bankruptcy in By it had changed ownership several times before Chrysler took ownership. Volkswagen later took over the company in and placed it under Audi management. Since then, the unit has been producing a powerful V12 sports car.

Ferdinand Porsche founded the company in Initially, the company did not manufacture cars, and the first production car debuted in It used many components from the VW beetle. The popular Porsche was released in and was the first four-wheel-drive car to have a Tiptronic transmission. The relationship between Porsche and Volkswagen has been a long one, with the founder having influenced the popular Volkswagen Beetle designs. The Cayenne was released in in their new manufacturing center at Leipzig, Saxony.

By the end of , Volkswagen held a majority shareholding in Porsche. By , Volkswagen had increased its stake to over 51 percent, making it the majority stockholder in SEAT. The Spanish manufacturer was founded in and had over 24 models in the UK.

It employs more than 15 thousand people. It was briefly state-owned in and then later privatized in The automaker sells cars in over countries. Volkswagen started showing an interest in the company in by purchasing a 30 percent stake.



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