Volkswagen
Volkswagen, the highest-ranking automaker in this year's list, has had a turbulent year. Last September, CEO Herbert Diess and supervisory board chief Hans Dieter Pötsch were charged with alleged market manipulation over the 2015 Dieselgate scandal. In May, Volkswagen paid more than $10 million to settle the charges out of court and avoid a trial; the company also paid more than $900 million in February to settle a lawsuit by German consumers over the affair. Adding to its challenges, VW failed to get the German government to subsidize non-electric car purchases as part of its coronavirus stimulus plan. But the firm is betting big on a cleaner, smarter future. Its battery-powered, mass-market ID.3 car is set to come out later this year, and VW is investing billions in A.I., alongside partner Ford.
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Company Information
As of 8/3/2022
Country
Germany
Headquarters
Wolfsburg, Germany
Industry
Motor Vehicles & Parts
CEO
Oliver Blume
Website
Company Type
Public
Ticker
VWAGY
Revenues ($M)
$295,819.8
Profits ($M)
$18,186.6
Market Value ($M)
$88,320
Employees
672,789
Figures prepared in accordance with International Accounting Standards. Market value as of July 19, 2022.
Key Financials (Last Fiscal Year)
($ Millions)
% change
Revenues ($M)
$295,819.8
16.5%
Profits ($M)
$18,186.6
80%
Assets ($M)
$601,028.4
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Total Stockholder Equity ($M)
$164,238.5
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Profit Ratios
Profit as % of Revenues
6.1%
Profits as % of Assets
3%
Profits as % of Stockholder Equity
11.1%
World's Most Admired Companies
Sector
Transport
Industry
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Current All-Star Rank
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Industry Rank
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Overall Score
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Innovation
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People Management
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Use of Corporate Assets
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Lists ranking Volkswagen
