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  • Previous Rank8
  • Revenues ($M)$236,600
  • Revenue Percent Change-11.9%
  • Profits ($M)$-1,520
  • Profits Percent Change-110.4%
  • Assets ($M)$414,858
  • Employees610,076

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.

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Company Information

CEO
Matthias Muller
Sector
Motor Vehicles & Parts
Industry
Motor Vehicles and Parts
HQ Location
Wolfsburg, Germany
Employees610,076
Websitehttp://www.volkswagen.com
Years on Global 500 List22
Figures prepared in accordance with International Accounting Standards.

Volkswagen Rank History

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%