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Volkswagen

Julian Stratenschulte—picture alliance via Getty Images
  • Previous Rank7
  • Country
    Germany
  • Revenues ($M)$278,341.50
  • Revenue Percent Change7%
  • Profits ($M)$14,322.50
  • Profits Percent Change9.3%
  • Assets ($M)$523,672.30
  • Employees664,496

Volkswagen drops two spots in this year’s Global 500 rankings, despite a financially uplifting year for the world’s top automaker. Once a laggard on the electrification front, the German auto giant unveiled a bold plan in 2018 to get dozens of models based on its electric-car platform into production by the end of 2022. VW saw revenues and profits rise by 7% and 9% respectively in 2018, numbers that came despite the automaker losing $3.6 billion in charges relating to the emissions-cheating scandal that has roiled the company. The scandal also led to former CEO Martin Winterkorn being indicted on fraud and conspiracy charges by U.S. federal prosecutors in May 2018. He was also charged with fraud by Germany in April 2019. Winterkorn has denied any wrongdoing.

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Company Information

CEO
Herbert Diess
Sector
Motor Vehicles & Parts
Industry
Motor Vehicles and Parts
HQ Location
Wolfsburg, Germany
Websitehttps://www.volkswagenag.com
Years on Global 500 List25
Employees664,496
Figures prepared in accordance with International Accounting Standards.

Volkswagen Rank History

Key Financials (Last Fiscal Year)

($ Millions)% change
Revenues ($M)$278,341.507%
Profits ($M)$14,322.509.3%
Assets ($M)$523,672.30-
Total Stockholder Equity ($M)$133,864.70-

Profit Ratios

Profit as % of Revenues5.1%
Profits as % of Assets2.7%
Profits as % of Stockholder Equity10.7%