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==Corporate affairs== === Business trends === {| class="wikitable floatright" |+Sales by business (2024)<ref name=":3" /> !Sector !Share |- |Passenger Cars and Light Commercial Vehicles |68.9% |- |Financial Services |16.7% |- |Commercial Vehicles |13.1% |- |Power Engineering |1.2% |} {| class="wikitable floatright" |+Sales by region (2024)<ref name=":3">{{Cite web |title=Volkswagen AG: Shareholders Board Members Managers and Company Profile {{!}} DE0007664039 {{!}} MarketScreener |url=https://www.marketscreener.com/quote/stock/VOLKSWAGEN-AG-436737/company/ |access-date=2024-03-13 |website=www.marketscreener.com |language=en}}</ref> !Region !Share |- |Europe/Other Markets |40.6% |- |North America |20.9% |- |Germany |19.1% |- |Asia Pacific |13.6% |- |South America |5.8% |} In February 2025, Volkswagen's market capitalization was valued at US$50.5 billion.<ref>{{Cite web |title=VOW.DE Key Statistics {{!}} VOLKSWAGEN AG ST O.N. Stock - Yahoo Finance |url=https://finance.yahoo.com/quote/VOW.DE/key-statistics |url-status=live |archive-url=https://web.archive.org/web/20161025141625/http://finance.yahoo.com/quote/VOW.DE/key-statistics?p=VOW.DE |archive-date=25 October 2016 |access-date=1 November 2018 |website=finance.yahoo.com |language=en-US}}</ref> The key trends for the Volkswagen Group are (as at the financial year ending March 3):<ref>{{Cite web |title=Volkswagen Vz Fundamentalanalyse {{!}} KGV {{!}} Kennzahlen |url=https://www.boerse.de/fundamental-analyse/Volkswagen-Vz-Aktie/DE0007664039 |access-date=2024-08-02 |website=boerse.de |language=de}}</ref><ref>{{Cite web |date=2024-08-01 |title=Financial Reports |url=https://www.volkswagen-group.com/en/financial-reports-18134 |access-date=2024-08-02 |website=Volkswagen Group |language=en}}</ref><ref>{{Cite web |title=Volkswagen Group - AnnualReports.com |url=https://www.annualreports.com/Company/volkswagen-group |access-date=2023-11-28 |website=www.annualreports.com}}</ref> {| class="wikitable float-left" style="text-align: center;" !Year !Revenue<br />(€ bn)<ref>{{Cite web |title=Volkswagen AG - Umsatz bis 2018 {{!}} Statistik |url=https://de.statista.com/statistik/daten/studie/30743/umfrage/umsatz-der-volkswagen-ag/ |url-status=live |archive-url=https://web.archive.org/web/20171221172229/https://de.statista.com/statistik/daten/studie/30743/umfrage/umsatz-der-volkswagen-ag/ |archive-date=21 December 2017 |access-date=1 November 2018 |website=Statista |language=de}}</ref> !Net income<br />(€ bn) !Employees<br>(k)<ref>{{Cite web |title=Volkswagen Group - global number of employees 2018 |url=https://www.statista.com/statistics/272052/worldwide-number-of-volkswagen-group-employees/ |url-status=live |archive-url=https://web.archive.org/web/20190726094508/https://www.statista.com/statistics/272052/worldwide-number-of-volkswagen-group-employees/ |archive-date=26 July 2019 |access-date=26 July 2019 |website=Statista |language=en}}</ref> !Deliveries<br>(m) !Sources |- |1990 |34.8 |0.55 |261 |3.0 |<ref>{{Cite web |title=Geschäftsbericht 1990 {{!}} Volkswagen Group |url=https://www.volkswagen-group.com/de/publikationen/unternehmensberichte/geschaeftsbericht-1990-2308 |access-date=2023-11-28 |website=www.volkswagen-group.com}}</ref> |- |2000 |81.8 |2.6 |322 |5.1 |<ref>{{Cite web |title=Geschäftsbericht 2000 {{!}} Volkswagen Group |url=https://www.volkswagen-group.com/de/publikationen/unternehmensberichte/geschaeftsbericht-2000-2318 |access-date=2023-11-28 |website=www.volkswagen-group.com}}</ref> |- |2001 |87.3 |2.9 |324 |5.1 |<ref name=":0">{{Cite web |title=Annual Report 2002 {{!}} Volkswagen Group |url=https://www.volkswagen-group.com/en/publications/corporate/annual-report-2002-2320 |access-date=2023-11-28 |website=www.volkswagen-group.com}}</ref> |- |2002 |85.2 |2.5 |324 |4.9 |<ref name=":0" /> |- |2003 |84.8 |1.0 |335 |5.0 |<ref name=":1">{{Cite web |title=Annual Report 2004 {{!}} Volkswagen Group |url=https://www.volkswagen-group.com/en/publications/corporate/annual-report-2004-2322 |access-date=2023-11-28 |website=www.volkswagen-group.com}}</ref> |- |2004 |88.9 |0.69 |343 |5.1 |<ref name=":1" /> |- |2005 |93.9 |1.1 |345 |5.1 |<ref name=":2">{{Cite web |title=Annual Report 2006 {{!}} Volkswagen Group |url=https://www.volkswagen-group.com/en/publications/corporate/annual-report-2006-2324 |access-date=2023-11-28 |website=www.volkswagen-group.com}}</ref> |- |2006 |104 |2.7 |324 |5.7 |<ref name=":2" /> |- |2007 |108 |4.1 |329 |6.1 | |- |2008 |113 |4.6 |369 |6.2 | |- |2009 |105 | 0.91 |368 |6.3 | |- |2010 |126 | 7.2 |399 |7.2 | |- |2011 |159 |15.7 |502 |8.3 | |- |2012 |192 |21.8 |550 |9.3 | |- |2013 |197 |9.1 |573 |9.7 | |- |2014 |202 |11.0 |593 |10.2 | |- |2015 |213 | −1.3 |610 |10.0 | |- |2016 |217 |5.3 |627 |10.2 | |- |2017 |230 |11.6 |634 |10.7 | |- |2018 |235 |13.9 |656 |10.8 | |- |2019 |252 |12.3 |671 |10.9 | |- |2020 |222 |8.3 |663 |9.3 | |- |2021 |250 |14.8 |673 |8.8 | |- |2022 |279 |14.9 |675 |8.2 | |- |2023 |322 |16.0 |679 |9.2 | |- |2024 |325 |10.7 |682 |9.0 | |} ===Ownership=== Under the [[Volkswagen Law]], no shareholder in Volkswagen AG could exercise more than 20 percent of the firm's voting rights, regardless of their level of stock holding.<ref>{{cite news|title=Top EU court finds against VW law|url=http://news.bbc.co.uk/1/hi/business/6356787.stm|work=BBC News|publisher=BBC|date=13 February 2007|access-date=15 December 2009|archive-url=https://web.archive.org/web/20081206031746/http://news.bbc.co.uk/1/hi/business/6356787.stm|archive-date=6 December 2008|url-status=live}}</ref> This law was supposed to protect Volkswagen Group from takeovers.<ref name=MT>{{cite web|title=VW Law is a write-off|url=http://www.managementtoday.co.uk/channel/StrategyOperations/news/754256/vw-law-write-off|work=Management Today|date=23 October 2007|access-date=27 December 2009|quote=''State of Lower Saxony, VW's second biggest shareholder, whose premier Christian Wulff sits on the board'' |archive-url= https://web.archive.org/web/20080115034024/http://www.managementtoday.co.uk/channel/StrategyOperations/news/754256/vw-law-write-off |archive-date = 15 January 2008}}</ref> In October 2005, [[Porsche SE|Porsche]] acquired an 18.53 percent stake in the business, and in July 2006, Porsche increased that ownership to more than 25 percent. Analysts disagreed as to whether the investment was a good fit for Porsche's strategy.<ref>{{cite news|title=Porsche cites need for changes at Volkswagen|url=https://www.nytimes.com/2006/12/07/business/worldbusiness/07iht-porsche.3816927.html|work=International Herald Tribune / nytimes.com|date=7 November 2006|access-date=15 December 2009|first=Mark|last=Landler|archive-url=https://web.archive.org/web/20150901232109/http://www.nytimes.com/2006/12/07/business/worldbusiness/07iht-porsche.3816927.html|archive-date=1 September 2015|url-status=live}}</ref> On 26 March 2007, after the [[European Union]] moved against the Volkswagen law, Porsche took its holding to 30.9 percent, triggering a takeover bid under German law. Porsche formally announced in a press statement that it did not intend to take over Volkswagen Group, setting its offer price at the lowest possible legal value, but intended the move to avoid a competitor taking a large stake, or to stop hedge funds dismantling Volkswagen Group, which is Porsche's most important partner.<ref>{{cite news|url=http://news.bbc.co.uk/1/hi/business/6494593.stm|title=Porsche triggers a VW takeover bid|work=BBC News|publisher=BBC|date=26 March 2007|access-date=15 December 2009|archive-url=https://web.archive.org/web/20090430193512/http://news.bbc.co.uk/1/hi/business/6494593.stm|archive-date=30 April 2009|url-status=live}}</ref> On 16 September 2008, Porsche announced that the company had increased its stake in Volkswagen AG to 35 percent.<ref>{{Cite news|last=Schwartz|first=Nelson D.|url=https://www.nytimes.com/2008/09/17/business/worldbusiness/17porsche.html|title=Porsche Takes a Controlling Interest in VW|date=16 September 2008|work=The New York Times|access-date=9 April 2020|language=en-US|issn=0362-4331}}</ref> By October 2008, Porsche held 42.6 percent of Volkswagen AG's [[Common stock|ordinary shares]], and held [[option (finance)|stock option]]s on another 31.5 percent.<ref>{{cite web|url=http://www.porsche-se.com/pho/en/press/newsarchive2008/?pool=pho%20%20&id=2008-10-26|title=Porsche heads for domination agreement|date=26 October 2008|access-date=6 April 2016|archive-url=https://web.archive.org/web/20160420042406/http://www.porsche-se.com/pho/en/press/newsarchive2008/?pool=pho%20%20&id=2008-10-26|archive-date=20 April 2016|url-status=dead}}</ref> thus, effectively holding over 74 percent; 42.6 percent actual shares, and the rest as convertible options.<ref>{{cite web|url=http://www.autoblog.com/2009/01/30/porsche-admits-its-not-invincible-post-14-sales-decline|title=Porsche admits it's not invincible, posts 14% sales decline|date=30 January 2009 |publisher=Autoblog.com|access-date=2 April 2015|archive-url=https://web.archive.org/web/20151016051844/http://www.autoblog.com/2009/01/30/porsche-admits-its-not-invincible-post-14-sales-decline/|archive-date=16 October 2015|url-status=live}}</ref> Volkswagen AG briefly became the world's most valuable company, as the stock price rose to over €1,000 per share as [[short (finance)|short sellers]] tried to cover their positions.<ref>{{cite web|url=http://news.bbc.co.uk/1/hi/business/7697082.stm|title=Hedge funds make £18bn loss on VW|work=BBC News|publisher=BBC|date=29 October 2008|access-date=15 December 2009|archive-url=https://web.archive.org/web/20090125144950/http://news.bbc.co.uk/1/hi/business/7697082.stm|archive-date=25 January 2009|url-status=live}}</ref> The substantial investment in Volkswagen left Porsche with huge financial burden with its debts accumulating up to 13 billion euros by 2009.<ref>{{cite news|url=https://www.forbes.com/2009/03/31/porsche-volkswagen-options-markets-equity-automotive.html|title=Porsche Mired In Debt|work=Forbes|date=3 March 2009|access-date=15 March 2016|archive-url=https://web.archive.org/web/20160420062633/http://www.forbes.com/2009/03/31/porsche-volkswagen-options-markets-equity-automotive.html|archive-date=20 April 2016|url-status=live}}</ref> Porsche would get emergency infusion of about a billion dollars from Volkswagen.<ref>{{cite web |url=http://www.volkswagenag.com/content/vwcorp/info_center/en/publications/2010/03/Annual_Report_2009.bin.html/binarystorageitem/file/Y_2009_e.pdf |title=Annual Report 2009 |publisher=Volkswagen AG |date=10 February 2010 |access-date=6 April 2016 |url-status=dead |archive-url=https://web.archive.org/web/20160303235650/http://www.volkswagenag.com/content/vwcorp/info_center/en/publications/2010/03/Annual_Report_2009.bin.html/binarystorageitem/file/Y_2009_e.pdf |archive-date=3 March 2016 }}</ref> In July 2012, Volkswagen completed takeover of Porsche ending the four-year saga and formed an integrated automotive group with Porsche. [[Porsche AG]] would become the 10th brand of Volkswagen. The holding company Porsche SE was left with 31 percent of the subscribed capital of Volkswagen AG, and 50.7 percent of the voting rights in the company.<ref>{{cite news |url=https://www.theguardian.com/business/2012/jul/05/volkswagen-buys-porsche |title=Volkswagen swallows Porsche |newspaper=The Guardian |date=5 July 2012 |access-date=6 April 2016 |archive-url=https://web.archive.org/web/20160416070122/http://www.theguardian.com/business/2012/jul/05/volkswagen-buys-porsche |archive-date=16 April 2016 |url-status=live }}</ref> {{As of|2020|12|31}}, share ownership of Volkswagen AG is distributed as follows:<ref name=VWAG-shareholders>{{cite web |title=Shareholder Structure |url=https://www.volkswagenag.com/en/InvestorRelations/shares/shareholder-structure.html |website=www.volkswagenag.com |access-date=7 November 2021 |archive-url=https://web.archive.org/web/20211107032127/https://www.volkswagenag.com/en/InvestorRelations/shares/shareholder-structure.html|archive-date=7 November 2021|url-status=live}}</ref> {{col-begin}} {{col-2}} {| class="wikitable" |+Subscribed capital: !Percentage!![[Shareholder]] name |- |31.4%||[[Porsche Automobil Holding SE]] |- |25.9%||[[Foreign institutional investors]] |- |14.6%||[[Qatar Investment Authority|Qatar Holding LLC]] |- |11.8%||[[Lower Saxony|State of Lower Saxony]] |- |12.9%||Private shareholders / Others |- |3.4%||German institutional investors |} {{col-2}} {| class="wikitable sortable" |+Voting rights: !Percentage!![[Shareholder]] name |- |53.3%||[[Porsche Automobil Holding SE]] |- |20.0%||[[Lower Saxony|State of Lower Saxony]] |- |17.0%||[[Qatar Investment Authority|Qatar Holding LLC]] |- |9.7%||Others |} {{col-end}} ===Stock market listings=== Volkswagen AG shares are primarily traded on the [[Frankfurt Stock Exchange]],<ref name=VWAG-share-info>{{cite web|title=Volkswagen Group – Share Fact Sheet|url=http://www.volkswagenag.com/vwag/vwcorp/content/en/investor_relations/share/share_fact_sheet.html|publisher=Volkswagen AG|work=VolkswagenAG.com|access-date=22 December 2009|url-status=dead|archive-url=https://web.archive.org/web/20110111224631/http://www.volkswagenag.com/vwag/vwcorp/content/en/investor_relations/share/share_fact_sheet.html|archive-date=11 January 2011}}</ref> and are listed under the 'VOW' and 'VOW3' [[ticker symbol|stock ticker symbols]]. First listed in August 1961, the shares were issued at a price of [[Deutsche Mark|DM]] 350 per DM 100 share,<ref name=VWAG-share-info/> Volkswagen AG shares are now separated into two different types or classes: '[[common stock|ordinary shares]]' and '[[preferred stock|preference shares]]'.<ref name=VWAG-share-info/> The ordinary shares are now traded under the [[wertpapierkennummer|WKN]] 766400 and ISIN DE0007664005 listings, and the preference shares under the WKN 766403 and ISIN DE0007664039 listings.<ref name=VWAG-share-info/> Volkswagen AG shares are also listed and traded on other major domestic and worldwide [[stock exchange]]s. In Germany's domestic exchanges, since 1961 these include those in [[Berliner Börse|Berlin]], [[Börse Düsseldorf|Düsseldorf]], Hamburg, [[Börse Hannover|Hanover]], [[Börse München|Munich]] and [[Börse Stuttgart|Stuttgart]]. International exchanges include those in [[Basel Stock Exchange|Basel]] (listed in 1967), [[Geneva Stock Exchange|Geneva]] (1967), [[SIX Swiss Exchange|Zürich]] (1967), [[Luxembourg Stock Exchange|Luxembourg]] (1979), London (1988), and [[New York Stock Exchange|New York]] (1988).<ref name=VWAG-share-info/> Since the start of trading in 1961, Volkswagen AG shares have been subjected to two [[stock split]]s – the first was on 17 March 1969 when they were split at a ratio of 2:1, from a DM 100 share to a DM 50 share. The second split occurred on 6 July 1998, the DM 50 share being converted into a share of no overall nominal value, at a ratio of 1:10.<ref name=VWAG-share-info/> From 23 December 2009, Volkswagen AG preferred shares replaced its ordinary shares in the [[DAX]] index.<ref name=VWAG-share-DAX>{{cite web|title=Volkswagen preferred shares replace ordinary shares in DAX|url=http://www.volkswagenag.com/vwag/vwcorp/info_center/en/news/2009/12/dax.html|publisher=Volkswagen AG|work=VolkswagenAG.com|date=18 December 2009|access-date=27 December 2009|url-status=dead|archive-url=https://web.archive.org/web/20110720053753/http://www.volkswagenag.com/vwag/vwcorp/info_center/en/news/2009/12/dax.html|archive-date=20 July 2011}}</ref> ===Leadership, sales and market share=== {| class="wikitable" |+Volkswagen (mbH, GmbH, AG) leaders !Tenure!!Leader(s) |- |align="left"|1937 to 1945||[[Bodo Lafferentz]], [[Ferdinand Porsche]], [[Jakob Werlin]]<ref>[http://www.verfolgte-schueler.org/1933-45.htm Chronik/Rückblick mit scheinbaren Analogien und ohne Anspruch auf Vollständigkeit] {{Webarchive|url=https://web.archive.org/web/20100420003513/http://www.verfolgte-schueler.org/1933-45.htm |date=20 April 2010 }}. Retrieved 22 October 2009.</ref> |- |align="left"|June 1945 to December 1947||[[Ivan Hirst]] (Royal Electrical and Mechanical Engineers)<ref name=VW-intl-hist/> |- |align="left"|1 January 1948 to April 1967||[[Heinrich Nordhoff]]<ref name="Chronicle">{{cite web|url=https://www.volkswagen-media-services.com/medias_publish/ms/content/en/broschueren/2008/09/16/hn07_volkswagen_chronicle.standard.gid-journalisten.html|title=Historical Notes 7: Volkswagen Chronicle – Becoming a Global Player|access-date=20 November 2011|year=2008}}{{Dead link|date=December 2019 |bot=InternetArchiveBot |fix-attempted=yes }}</ref> |- |align="left"|1 May 1968 to September 1971||[[Kurt Lotz]]<ref name="Chronicle"/> |- |align="left"|1 October 1971 to February 1975||[[Rudolf Leiding]]<ref name="Chronicle"/> |- |align="left"|10 February 1975 to December 1980||[[Toni Schmücker]]<ref name="Chronicle"/> |- |align="left"|1 January 1982 to December 1992||[[Carl Hahn]]<ref name="Chronicle"/> |- |align="left"|1 January 1993 to 16 April 2002||[[Ferdinand Piëch|Ferdinand K. Piëch]]<ref name="Chronicle"/> |- |align="left"|16 April 2002 to 31 December 2006||[[Bernd Pischetsrieder]]<ref name="Chronicle"/> |- |align="left"|1 January 2007 to 23 September 2015||[[Martin Winterkorn]]<ref name="Chronicle"/><ref>{{cite news|last1=Moore|first1=Thad|title=Volkswagen CEO quits amid emissions cheating scandal|url=https://www.washingtonpost.com/business/economy/volkswagen-ceo-resigns-after-emissions-cheating-scandal-spreads/2015/09/23/6b09e540-6203-11e5-8e9e-dce8a2a2a679_story.html|access-date=23 September 2015|newspaper=The Washington Post|date=23 September 2015|archive-url=https://web.archive.org/web/20150923220627/http://www.washingtonpost.com/business/economy/volkswagen-ceo-resigns-after-emissions-cheating-scandal-spreads/2015/09/23/6b09e540-6203-11e5-8e9e-dce8a2a2a679_story.html|archive-date=23 September 2015|url-status=live}}</ref><ref>{{cite news|last1=Woodyard|first1=Chris|title=VW CEO resigns in cheating scandal|newspaper=The Detroit Free Press|page=1B|date=23 September 2015}}</ref> |- |align="left"|25 September 2015 to 12 April 2018||[[Matthias Müller (businessman)|Matthias Müller]]<ref name="volkswagen-media-services.com">{{cite web |url=https://www.volkswagen-newsroom.com/en/press-releases/matthias-mueller-appointed-ceo-of-the-volkswagen-group-2040 |title=Matthias Müller appointed CEO of the Volkswagen Group |date=25 September 2015 |work=volkswagen-media-services.com |access-date=25 September 2015 |archive-url=https://web.archive.org/web/20150926034026/https://www.volkswagen-media-services.com/en/detailpage/-/detail/Matthias-Mller-appointed-CEO-of-the-Volkswagen-Group/view/2726856/7a5bbec13158edd433c6630f5ac445da?p_p_auth=rd5HndKL |archive-date=26 September 2015 |url-status=live }}</ref> |- |align="left"|12 April 2018 to 31 August 2022||[[Herbert Diess]]<ref name="ReferenceA" /> |- |align="left"|From 1 September 2022 ||[[Oliver Blume]]<ref name="Chronicle"/> |- |} {| class="wikitable floatright" |- |+ Top 3 Automakers Global, 2018, by global volume<ref name="Reuters20190130">{{cite news | url=https://www.reuters.com/article/us-automakers-sales-japan/renault-nissan-group-sold-most-cars-last-year-but-vws-no-1-including-trucks-idUSKCN1PO0R1 | title=Renault-Nissan group sold most cars last year, but VW's No.1 including trucks | work=[[Reuters]] | access-date=18 April 2019 | archive-url=https://web.archive.org/web/20190418013439/https://www.reuters.com/article/us-automakers-sales-japan/renault-nissan-group-sold-most-cars-last-year-but-vws-no-1-including-trucks-idUSKCN1PO0R1 | archive-date=18 April 2019 | url-status=live }}</ref> |- ! Group ! Units |- | Volkswagen | 10,083,000 |- | Renault-Nissan-Mitsubishi | 10,076,000 |- | Toyota | 10,059,000 |} In 2024, Volkswagen Group's largest single country market was [[People's Republic of China|China]] with 2.93 million units delivered, followed by Germany with 1.12 million units. Divided by regions, Asia-Pacific was the second-largest market of the Volkswagen Group with 3.21 million units in 2013, followed by Western Europe with 3.14 million, and North America with 962,000 units delivered in 2024.<ref name="AR2018">{{cite web |title=Volkswagen AG Annual Report 2024 |url=https://annualreport2024.volkswagen-group.com/_assets/downloads/entire-vw-ar24.pdf |url-status=live |publisher=Volkswagen AG}}</ref> {| class="wikitable floatright" |- |+ Top 3 Automakers EU27, 2013, new passenger car volume<ref name="ACEA2013"/> |- ! Group ! Units ! share |- | Volkswagen | 2,957,653 | 25.0 |- | PSA | 1,311,406 | 11.1 |- | RENAULT | 1,076,367 | 10.4 |} The European ranking of automakers is compiled monthly by the European Auto Manufacturers' Association ACEA.<ref name="ACEA2013">{{cite web|title=New Passenger Car Registrations by Manufacturer – European Union (EU)|url=http://www.acea.be/press-releases/article/passenger-car-registrations-1.7-in-2013-13.3-in-december|publisher=ACEA|date=16 January 2014|access-date=27 February 2014|archive-url=https://web.archive.org/web/20140303184647/http://www.acea.be/press-releases/article/passenger-car-registrations-1.7-in-2013-13.3-in-december|archive-date=3 March 2014|url-status=live}}</ref> Volkswagen has held the top spot in Europe uninterrupted for more than two decades.<ref>{{cite web|url=http://www.acea.be/images/uploads/files/20101028_06_PC_90-10_By_Manufacturer_W_Europe.xls|title=Historical series: 1990–2010: New Passenger Car Registrations by manufacturer|publisher=ACEA|year=2011|access-date=13 August 2011|url-status=dead|archive-url=https://web.archive.org/web/20110927060927/http://www.acea.be/images/uploads/files/20101028_06_PC_90-10_By_Manufacturer_W_Europe.xls|archive-date=27 September 2011}}</ref> The company was again the top global automaker in 2018, for the fifth consecutive year, selling 10.083 million vehicles in the year 2018, just 7,000 more than the [[Renault–Nissan–Mitsubishi Alliance]].<ref name="Reuters20190130"/> === Co-management === {{Main|Volkswagen worker organizations}} With 295,178 employees in Germany and 682,724 globally,<ref>{{Cite web|last=Ruddick|first=Graham|date=2016-11-18|title=Volkswagen to axe 30,000 jobs worldwide|url=http://www.theguardian.com/business/2016/nov/18/volkswagen-axe-30000-jobs-worldwide-diesel-emissions-scandal|access-date=2021-12-06|website=[[The Guardian]]|language=en}}</ref> it is one of the most well [[Labour movement|organized labour]] represented companies in the world. The role that [[Works council|Works Councils]] and the trade union [[IG Metall]] play is unique even within Germany. VW workers have some of the strongest [[collective agreements]]. With the exception of the United States, all of its major locations are represented in the Global Works Council and local [[trade union]] bodies. VW has a strong tradition and practice of [[Social Partnership|social partnership]] and [[Codetermination in Germany|co-determination]] rights globally.<ref name="Whittall-2016">{{Cite web|last1=Whittall|first1=M.|last2=Lucio|first2=M. M.|last3=Mustchin|first3=S.|last4=Telljohann|first4=V.|last5=Sánchez|first5=F. R.|title=Workplace trade union engagement with European Works Councils and transnational agreements: the case of Volkswagen Europe|url=https://core.ac.uk/display/188183754}}</ref> In September 2024, in response to the threat of mass layoffs at Volkswagen, German Economy Minister [[Robert Habeck]] said that the government would consider how it could help Volkswagen.<ref>{{cite news |title=Driving on empty: The German government has few options to help an ailing car industry |url=https://www.politico.eu/article/germany-volkswagen-robert-habeck-electric-vehicle-bmw-plant/ |work=Politico |date=23 September 2023}}</ref> In December 2024, tens of thousands of VW workers in Germany went on [[Strike action|strike]].<ref>{{cite news |title=Volkswagen strike: 'Still a long way from a viable solution' |url=https://www.euronews.com/business/2024/12/10/volkswagen-strike-still-a-long-way-from-a-viable-solution |work=Euronews |date=10 December 2024}}</ref>
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