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Global 500

Photograph by Adam Glanzman —picture-alliance/dpa/AP Image

7

Volkswagen

VLKAY

Germany

The diesel emissions testing scandal that broke in 2015 may well cripple the company for years to come. Revenue dropped 12% last year to $237 billion, and the automaker reported its biggest ever loss of $1.5 billion. In the aftermath, CEO Martin Winterkorn resigned and was replaced by Mattias Muller, who is navigating the road ahead for the beleageured manufacturer. In June 2016, the company agreed to pay U.S. regulators a record $15.3 billion settlement related to the scandal and to recall half a million emissions-cheating diesel cars. Also read Hoaxwagen: Inside Volkswagen’s Diesel Fraud.

CEO

Matthias Muller

Sector

Motor Vehicles & Parts

Industry

Motor Vehicles and Parts

HQ Location

Wolfsburg, Germany

Employees

610,076

Years on Global 500 List

22

Figures prepared in accordance with International Accounting Standards.
Key Financials (last fiscal year)
($ Millions)% change
Revenues ($M)$236,600-11.9%
Profits ($M)$-1,520-110.4%
Assets ($M)$414,858
Total Stockholder Equity ($M)$95,651
Profit Ratios
Profit as % of Revenues-0.6%
Profits as % of Assets-0.4%
Profits as % of Stockholder Equity-1.6%
STOCK QUOTE
()0.00 0.00 (0)
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  • 52 Week Change %: 0.00
  • P/E Ratio: n/a
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News about Volkswagen

With Tesla in Its Sights, Volkswagen Says It Will Make 50 Million Electric Cars, Report Says

The German automaker's CEO, reportedly says the company has already purchased 50 million batteries and "booked" production

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'We Will Not Do Hybrids:' Rolls-Royce Has a Plan to Go Straight to Electric

"We will stick with our beloved 12-cylinder as long as we can."

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Porsche Is Ditching Diesel Cars. Will Other Automakers Follow?

So far, none of the other German automakers have been willing to drop diesel altogether yet.

Read More →

Videos about Volkswagen