Who owns VW Financial Services AG?
As a wholly-owned subsidiary of Volkswagen AG, Volkswagen Financial Services AG, as part of the business division Volkswagen Group Mobility, manages the European financial and mobility services business for the Volkswagen Group brands. Volkswagen AG is the parent company of the Volkswagen Group. It develops vehicles and components for the Group’s brands, but also produces and sells vehicles, in particular passenger cars and light commercial vehicles for the Volkswagen Passenger Cars and Volkswagen Commercial Vehicles brands.Since the late 2000s, it has been a publicly traded family business owned by Porsche SE, which in turn is half-owned but fully controlled by the Austrian-German Porsche and Piëch family. The company also offers related services, including financing, leasing, and fleet management.Porsche and Volkswagen merged in 2011. At that time, Porsche was designated a subsidiary of Volkswagen AG (interestingly, besides being the Porsche parent company, VW also owns Audi, Bugatti, and Lamborghini). So, from that standpoint, Volkswagen AG is the company who owns Porsche.Porsche SE, controlled by the Porsche and Piech families, is Volkswagen Group’s top investor with 31. It also owns 12. Porsche AG, with much of the rest held by the Volkswagen Group.
Who is the CEO of VW India?
Piyush Arora, an industry veteran with over 30 years of automotive experience, is the Managing Director and CEO of Škoda Auto Volkswagen India. Piyush Arora – Managing Director & CEO Volkswagen Group – Region India, Škoda Auto Volkswagen India Pvt Ltd.Piyush Arora, leads the Group and the five brands ŠKODA, Volkswagen, AUDI, Porsche and Lamborghini in India. He is a veteran in the automotive industry with more than 30 years of experience and extensive knowledge of the Indian market.Amongst the three largest auto manufacturing groups based in Germany, Volkswagen Group produced the most revenue from worldwide operations in 2024 with nearly 325 billion euros generated.Despite being in the country for over two decades, the carmaker has struggled to become a significant player. Volkswagen and Skoda brands together account for just 2% of India’s 4 million units a year car market lagging newer rival Kia and established players like Toyota.The Group comprises ten brands from five European countries: Volkswagen, Volkswagen Commercial Vehicles, ŠKODA, SEAT, CUPRA, Audi, Lamborghini, Bentley, Porsche and Ducati. In addition, the Volkswagen Group offers a wide range of further brands and business units including financial services.
What is the salary of the CEO of Volkswagen?
BERLIN (Reuters) – Volkswagen group’s record earnings drove up Chief Executive Matthias Mueller’s salary package by about 40 percent last year to 10. Tuesday. Volkswagen AG annual free cash flow for 2024 was $0. B, a 82. Volkswagen AG annual free cash flow for 2023 was $5. B, a 66. Volkswagen AG annual free cash flow for 2022 was $16. B, a 49.The Volkswagen Group expects its sales revenue for 2025 to be in line with the previous year. The Group’s operating return on sales is projected to range between 2. In the Automotive Division, the company expects an investment ratio between 12 and 13 percent in 2025.The Volkswagen Group expects its sales revenue for 2025 to be in line with the previous year. The Group’s operating return on sales is projected to range between 2. In the Automotive Division, the company expects an investment ratio between 12 and 13 percent in 2025.