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German most profitable company

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German most profitable company 


Volkswagen Group 


Volkswagen is a German public multinational business that manufactures engines, turbomachinery, motorbikes, and passenger and commercial cars. It is sometimes referred to as the Volkswagen Group abroad. Located in Wolfsburg, Lower Saxony, Germany, the company has been a publicly traded family enterprise since the late 2000s. Porsche SE, the parent company of the Austrian-German Porsche and Piëch family, owns half of the company but retains complete control. In addition, the business provides fleet management, leasing, and financing. It sold 10.9 million cars in 2016 to become the biggest carmaker in the world by sales. It maintained this position in 2017, 2018, and 2019. In 2022, it ranked first by revenue.

Revenue:-

Volkswagen's current revenue (TTM) is $348.13 billion, based on the company's most recent financial reports. The company's revenue in 2022 was $293.71 billion, a rise from $291.29 billion in revenue in 2021.

About the majority shareholder:-

According the volkswagen  group website majority of the shares are owned by the porsche  automobil  holding se 31.9%


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