65-536: The Volkswagen Transporter , based on the Volkswagen Group 's T platform, now in its seventh generation, refers to a series of vans produced for over 70 years and marketed worldwide. The T series is now considered an official Volkswagen Group automotive platform . and generations are sequentially named T1, T2, T3, T4, T5, T6 and T7. Pre-dating the T platform designations, the first three generations were named Type 2 , indicating their relative position to
130-473: A plug-in hybrid electric vehicle (PHEV) version of the Tourneo, which uses Ford's 1-litre EcoBoost petrol engine and an electric traction motor with a 13,6 kWh battery. The PHEV is a series hybrid where the petrol engine acts as a range extender, as the front wheels of the car are driven by the electric engine. It can go 50 km (31 mi) on electricity, but up to 500 km (310 mi) using
195-431: A $ 2.8 billion criminal fine for rigging diesel-powered vehicles to cheat on government emissions tests". The "unprecedented" plea deal formalized a punishment that Volkswagen AG agreed to earlier in 2017. In addition, the plea deal includes a $ 1.5 billion settlement for various environmental, customs and financial violations. Overall, Volkswagen will pay more than $ 30 billion in penalties and lawsuit settlements related to
260-586: A 51% controlling stake in SEAT, making it the first non-German subsidiary of the Volkswagen Group. On 23 December the same year, it became the Spanish company's major shareholder by increasing its share up to 75%. In 1990—after purchasing its entire equity—Volkswagen AG took over the full ownership of SEAT, making the company a wholly owned subsidiary, and on 28 March 1991, another step to the expansion of
325-527: A 90.1% stake in the Italian automotive design house Italdesign Giugiaro . In less than three months, the transaction had been completed making the Italian firm a member of the Volkswagen Group. Since 2013 the Volkswagen Group has held a 89.7% stake in Traton . In 2015 research showed a security flaw in the keyless ignition of Volkswagen and other carmakers' vehicles. Volkswagen spent two years trying to keep
390-520: A completely uneconomic enterprise." In 1948, the Ford Motor Company of USA was offered Volkswagen, but Ernest Breech , a Ford executive vice president, said he did not think either the plant or the car was "worth a damn." Breech later said that he would have considered merging Ford of Germany and Volkswagen, but after the war, ownership of the company was in such dispute that nobody could possibly hope to be able to take it over. As part of
455-578: A corporate "Strategy 2025" that focuses on electrification of its portfolio. The VW Group developed the Volkswagen Group MEB platform chassis that will be utilized in a range of various cars and light utility vehicles across several VW Group marques due to its flexibility and floor-mounted battery. As of May 2018, the VW Group has committed $ 48 billion in car battery supplies and plans to outfit 16 factories to build electric cars by
520-634: A drop in Chinese sales. On 18 September 2015, the US EPA announced that Volkswagen had installed a "defeat device" software code in the diesel models sold in the US from 2009 to 2015. The code was intended to detect when an emissions test was being conducted, and altered emissions controls for better compliance. Off the test stand, the controls were relaxed, and emissions jumped 35 to 40 times regulatory levels according to investigators at West Virginia University and
585-565: A minivan, replacing the Caravelle model for the U.K. market and Multivan in other markets. The T7 Multivan is based on Volkswagen's MQB platform. The T7 Multivan is not to be confused with the new Volkswagen Transporter panel van and chassis cab models, which will be based on the new 2023 Ford Transit Custom and will be a larger vehicle than the Multivan. The new Transporter shares the vast majority of its body and mechanical components with
650-616: A profit warning, saying it had set aside $ 7 billion to fix the fraud. On 23 September 2015, Martin Winterkorn announced his resignation from the CEO position after a crisis meeting of the company board. On 25 September 2015 Matthias Müller was named CEO. Müller was the head of the Porsche marque within the VW corporate umbrella. On 21 April 2017, a U.S. federal judge ordered Volkswagen "to pay
715-695: A technology cooperation and joint development agreement on platform and software. Rooted in Europe, the Volkswagen Group operates in 153 countries. Volkswagen Passenger Cars is the Group's original marque, and the other major subsidiaries include passenger car marques such as Audi , Bentley , Lamborghini , Porsche , SEAT , and Škoda . Volkswagen AG also has operations in commercial vehicles , owning Volkswagen Commercial Vehicles , along with controlling stakes in truck, bus and diesel engine manufacturers Scania AB and MAN SE . The Volkswagen Group comprises
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#1732779787158780-466: A total useable capacity of 74 kW-hr. The revised target range is 380 km (240 mi). Charging at rates of up to 125 kW (DC) or 11 kW (AC) are possible. The traction motor output power is either 100 or 160 kW (130 or 210 hp), depending on the purchaser's choice, with a peak output torque of 415 N⋅m (306 lbf⋅ft) for both variants. Maximum cargo volume ranges from 5.8 to 9.0 m (200 to 320 cu ft) carrying
845-638: A world-first usage in a light commercial vehicle of a dual clutch transmission – namely Volkswagen Group's 7-speed Direct-Shift Gearbox (DSG). In 2016, Volkswagen released the T6 Transporter which is based on the T5 Transporter. A refreshed version was first shown in 2019 as the T6.1 Transporter. The T7 was released in November 2021 with petrol, diesel and PHEV variants and is only available as
910-779: Is divided into two primary divisions : the Automotive Division and the Financial Services Division. As of 2008, it had about 342 subsidiary companies. Volkswagen also has three joint ventures in China, FAW-Volkswagen , SAIC Volkswagen and Volkswagen Anhui . The company has operations in roughly 150 countries, and it has 100 production facilities across 27 countries. Volkswagen was founded in Berlin in 1937 and incorporated in Wolfsburg to manufacture
975-580: Is offered in Trend and Titanium (7 seater, SWB) variants with 2.0 L EcoBoost inline-4 petrol engine (rated at 203 horsepower and 300 Nm) with 6-speed automatic transmission as the single powertrain option. In February 2023, the Jiangling Ford joint venture launched a facelifted version of the outgoing first generation for the Chinese market called the Transit V362. A 2 litre turbo diesel engine
1040-535: Is standard alongside two transmission options across the range: a 5 speed manual and a 9 speed automatic. The second generation Transit Custom was unveiled in September 2022, with production to commence at Ford Otosan in 2023. The Volkswagen Transporter (T7) will be a rebadge of the second generation Transit Custom. On November 22, 2022, the passenger version, the Tourneo Custom, was revealed. Like
1105-732: The Audi Brand Group focused on more sporty values – consisted of Audi, SEAT and Lamborghini – and the Volkswagen Brand Group on the field of classic values – consisted of Volkswagen, Skoda, Bentley and Bugatti – with each Brand Group's product vehicles and performance being respectively under the higher responsibility of Audi and Volkswagen brands. Volkswagen Group revealed on 24 October 2009 that it had made an offer to acquire long-time partner and German niche automotive manufacturer Wilhelm Karmann GmbH out of bankruptcy protection. In November 2009,
1170-671: The Industrial plans for Germany , large parts of German industry, including Volkswagen, were to be dismantled. Total German car production was set at a maximum of 10% of the 1936 car production numbers. The company survived by producing cars for the British Army, and in 1948 the British Government handed the company back over to the German state, and it was managed by former Opel chief Heinrich Nordhoff . Production of
1235-890: The National Socialist Deutsche Arbeitsfront (German Labour Front) and incorporated in the Stadt des KdF-Wagens bei Fallersleben, ( " City of the Strength Through Joy car at Fallersleben ) on 28 May 1937. The purpose of the company was to manufacture the Volkswagen car, originally referred to as the Porsche Type 60, then the Volkswagen Type 1, and commonly called the Volkswagen Beetle . This vehicle
1300-763: The OTC Marketplace . Volkswagen delisted from the London Stock Exchange in 2013. The government of Lower Saxony holds 12.7% of the company's shares, granting it, by law, 20% of the voting rights. Volkswagen (meaning 'People's car' in German) was founded in Berlin as the Gesellschaft zur Vorbereitung des Deutschen Volkswagens mbH ('Limited Liability Company for the preparation of the German People's Car', abbreviated to Gezuvor ) by
1365-567: The Type 1 , or Beetle. As part of the T platform , the first three generations are retroactively named T1, T2 and T3. The Transporter is the best-selling van in history with over 12 million units sold worldwide, and it comprises a gamut of variants including vans , minivans / minibuses , campervans , and chassis cab and pickup trucks . Competitors include the Ford Transit , Toyota HiAce and Mercedes-Benz Vito . Initially derived from
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#17327797871581430-591: The Volkswagen Group , is a German public multinational conglomerate manufacturer of passenger and commercial vehicles, motorcycles, engines and turbomachinery. Headquartered in Wolfsburg , Lower Saxony , Germany, and since the late 2000s is 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. In 2016, it
1495-585: The Volkswagen Type 3 in 1961, the Volkswagen Type 4 in 1968, and the Volkswagen Type 181 in 1969. In 1960, upon the flotation of part of the German federal government 's stake in the company on the German stock market, its name became Volkswagenwerk Aktiengesellschaft (usually abbreviated to Volkswagenwerk AG ). On 1 January 1965, Volkswagenwerk acquired Auto Union GmbH from its parent company Daimler-Benz . The new subsidiary went on to produce
1560-575: The California Air Resources Board. About 482,000 vehicles are under the recall order, a potential $ 18 billion ($ 37,500 per violation) in fines are pending, and news accounts speculate a criminal indictment for the deception is certain. The VW Group CEO, Martin Winterkorn , said he was "deeply sorry" and ordered an external investigation. The software code was only revealed when the EPA refused to certify VW's 2016 models for sale in
1625-698: The E-Transit Custom is expected to begin in the second half of 2023 at Ford Otosan . The all-electric E-Transit Custom adds another drivetrain option to both the VW T7 Transporter and the Ford Transit Custom, which are expected to continue offering mild hybrid, plug-in hybrid, and diesel options. The 400 V traction battery of the E-Transit Custom uses the same pouch cells as the Ford F-150 Lightning , with
1690-669: The Transit, which will be built alongside the new VW Transporter at the Ford Otosan factory in Turkey. In December 2023, the T7 Transporter was officially teased with diesel, PHEV and electric powertrains, with a launch scheduled for the second quarter of 2024. Concepts and future models: Microbus Concept Volkswagen Group Volkswagen AG ( German: [ˈfɔlksˌvaːɡn̩] ), known internationally as
1755-552: The Type 60 Volkswagen (re-designated Type 1 ) started slowly after the war due to the need to rebuild the plant and because of the lack of raw materials, but production grew rapidly in the 1950s and 1960s. The company began introducing new models based on the Type 1, all with the same basic air-cooled, rear-engine, rear-drive platform. These included the Volkswagen Type 2 in 1950, the Volkswagen Karmann Ghia in 1955,
1820-552: The US unless the corporation provided full disclosure. On Sunday, 20 September 2015, VW Group announced it was halting the sale of its four-cylinder diesel models in the US. The US EPA press release on its Notice of Violation, and the California Air Resources Board letter dated 18 September 2015 contain significant chronological detail of the agencies interaction with VW on the issue. On 22 September 2015, VW AG admitted that 11 million cars worldwide had been fitted with software intended to deceive emissions testing . The company issued
1885-528: The Volkswagen Group are (as at the financial year ending March 3): Ford Transit Custom#Second generation (2023) The Ford Transit Custom is a mid-sized , front wheel drive van produced by Ford Europe since 2012. It marked a split in the Transit range, with the Custom being the smaller version and the Ford Transit being the larger. Similar to other Transit variants, the passenger versions were branded Tourneo Custom . The Ford Transit Custom
1950-551: The Volkswagen Type 1 ( Volkswagen Beetle ), the Volkswagen Type 2 (T1) was the first generation of Volkswagen 's Transporter family. The Volkswagen T2 platform was marketed from 1967 through 1979 model years, with a Volkswagen Type 4 engine optionally available from 1972 on. The Volkswagen (Type 2) T3 Transporter , also known as T25 in the UK or VW Vanagon in the United States, was introduced in 1979. The T3 Transporter
2015-401: The Volkswagen portfolio in 1998: Bentley , Lamborghini , and Bugatti . On 30 May 2000, after having gradually raised its equity share, Volkswagen AG took over the full ownership of Škoda Auto, making the company a wholly owned subsidiary. From 2002 up to 2007, the Volkswagen Group's automotive division was restructured so that two major Brand Groups with different profile would be formed,
Volkswagen Transporter - Misplaced Pages Continue
2080-566: The Volkswagen. Only a small number of Type 60 Volkswagens were made during this time. The Fallersleben plant also manufactured the V-1 flying bomb , making the plant a major bombing target for the Allied forces. Slave labour was utilised in the Volkswagen plant, e.g. from Arbeitsdorf concentration camp. The company would admit in 1998 that it used 15,000 slaves during the war effort. German historians estimated that 80% of Volkswagen's wartime workforce
2145-417: The bomb-shattered factory for use in repairing British Army vehicles, pending the expected disposal of the plant tooling and equipment as war reparations . However, no British car manufacturer was interested. A British report on the car said that "the vehicle does not meet the fundamental technical requirement of a motor-car … it is quite unattractive to the average buyer … To build the car commercially would be
2210-535: The car that would become known as the Beetle . The company's production grew rapidly in the 1950s and 1960s. In 1965, it acquired Auto Union , which subsequently produced the first postwar Audi models. Volkswagen launched a new generation of front-wheel drive vehicles in the 1970s, including the Passat , Polo and Golf ; the latter became its bestseller. Volkswagen acquired a controlling stake in SEAT in 1986, making it
2275-688: The end of 2022. According to VW Group CEO Dr. Herbert Diess , the company will offer 25 electric models and 20 plug-in hybrids by 2020. Volkswagen Group came under pressure for cooperating with the Chinese government in the region of Xinjiang . In that same region, western-funded NGOs accused the Chinese government of having committed human rights abuses against the Uyghur minority group, which included mass surveillance , incarceration, and forced labor. After these accusations emerged, Volkswagen responded, "We do not assume any of our employees are forced laborers." Süddeutsche Zeitung claimed that Volkswagen
2340-469: The first non-German marque of the company, and acquired control of Škoda in 1994, of Bentley, Lamborghini, and Bugatti in 1998, Scania in 2008 and of Ducati, MAN, and Porsche in 2012. The company's operations in China have grown rapidly in the past decade, with the country becoming its largest market. In 2015, Volkswagen was discovered to have used defeat devices to deceive environmental regulators about how much NO x its cars were emitting. The company
2405-533: The first post-war Audi models, the Audi F103 series, shortly afterwards. Another German manufacturer, NSU Motorenwerke AG , was merged into Auto Union on 26 August 1969, creating a new company, Audi NSU Auto Union AG (later renamed AUDI AG in 1985). From the late 1970s to 1992, the acronym V.A.G. was used by Volkswagen AG as a brand for group-wide activities, such as distribution and leasing. Contrary to popular belief, "V.A.G." had no official meaning, and
2470-503: The following vehicle manufacturers and their corresponding brands : Here are the brands operated under the Volkswagen Group: Other subsidiaries and shareholdings: The Group also owns five defunct marques which are managed through the companies Auto Union GmbH and NSU GmbH, both of which are 100% owned by AUDI AG: In November 2018 Volkswagen's market capitalization was valued at US$ 73.8 billion. The key trends for
2535-573: The group's activities was made through the signing of a joint-venture partnership agreement with Škoda automobilová a.s. of Czechoslovakia , accompanied with the acquisition of a 30% stake in the Czech car manufacturer on 16 April 1991. On 19 December 1994, the group began the acquisition of Škoda Auto by raising its share to 60.3%. Later, on 11 December 1995, it became the Czech company's largest and controlling shareholder by increasing its share up to 70%. Three prestige automotive marques were added to
2600-670: The largest car manufacturer in the world by revenue. The Volkswagen Group sells passenger cars under the Audi , Bentley , Cupra , Jetta , Lamborghini , Porsche , SEAT , Škoda and Volkswagen brands, motorcycles under the Ducati name, light commercial vehicles under the Volkswagen Commercial Vehicles brand, and heavy commercial vehicles via the marques of the listed subsidiary Traton ( International Motors , MAN , Scania and Volkswagen Truck & Bus ). It
2665-598: The old model's curve, is sometimes called "the wedge" by enthusiasts, to differentiate it from earlier VW "Kombis". The Volkswagen air-cooled boxer engine was supplanted by a water-cooled one – though still rear-mounted – in 1983. Both Porsche and Oettinger built six-cylinder versions of the T3 Transporter in very small numbers, with the Porsche-built version achieving a top speed around 200 km/h (125 mph). A four-wheel drive Syncro model
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2730-681: The panel van, the MPV will be available in electric, plug-in hybrid and diesel versions, as well as the Active crossover variant. The E-Transit Custom is a battery-electric panel van variant announced in March 2021 alongside the second-generation Transit Custom and given its final name in May 2022. Key specifications include an estimated range of 263 mi (423 km) using the WLTP driving cycle. Production of
2795-404: The petrol engine. Fuel consumption is reported to be 3.3 L/100 km (71 mpg ‑US ). This version will be available in the second half of 2019. The Ford Transit Custom Nugget is a small van designed as a camper (aka campervan ) that is sold by Ford and converted by Westfalia . It has various features of overnight camping, such as a sink, stove, and foldout beds. The "Nugget"
2860-477: The purchase of 19.9% of Suzuki Motor Corporation 's issued shares on 15 January 2010. Suzuki invested part of the amount received from Volkswagen into 1.49% percent of Volkswagen. In 2011, Suzuki filed a lawsuit at an arbitration court in London requesting that Volkswagen return the 19.9% stake. On 25 May 2010, it was announced that Volkswagen Group, through its subsidiary Lamborghini Holding S.p.A., had acquired
2925-566: The remaining half of Porsche shares for 4.46 billion euros (US$ 5.58 billion) on 1 August 2012 to avoid taxes of as much as 1.5 billion euros, which would have to be paid if the wrap up happened after 31 July 2014. Volkswagen AG purchased the remaining stake in Porsche AG equaling 100% of the shares in Porsche Zwischenholding GmbH, effectively becoming its parent company as of 1 August 2012. Volkswagen AG completed
2990-539: The research from the public domain. On 3 August 2015, Nokia announced that it had reached a deal to sell its Here digital maps division to a consortium of three German automakers— BMW , Daimler AG , and Volkswagen Group, for €2.8 billion. This was seen as an indication that the automakers were interested in automated cars. Volkswagen held a 19.9% non-controlling shareholding in Suzuki between 2009 and 2015. An international arbitration court ordered Volkswagen to sell
3055-507: The scandal. In its own financial report for 2023 Volkswagen Group estimated its long, medium and short term debt at 155,6 Billion Euros. It is unclear how Volkswagen group plans to pay off that massive debt considering its falling global vehicle deliveries, planned closure of at least 3 factories in Germany after it previously closed 2 factories in Russia as well as 64% drop in profit for
3120-823: The stake back to Suzuki. On 17 September 2015, Suzuki paid $ 3.8bn to complete the stock buy-back just hours prior to a major scandal about emissions violations engulfing Volkswagen. Suzuki had wished to buy Fiat diesel engines. In 2021, Volkswagen sold their 55% stake in Bugatti to Rimac Group while transferring the remaining 45% to Porsche AG , forming a joint venture company called Bugatti Rimac . In early 2024, Volkswagen Group began looking for partners among international technology corporations to create AI labs, new digital prototypes of products and functions using artificial intelligence. In October 2024, Volkswagen plans to close at least three plants in Germany and cut jobs, facing challenges from delayed EV investments and
3185-454: The supervisory board of Volkswagen AG approved the acquisition of assets of Karmann, and planned to restart vehicle production at their Osnabrück plant in 2012. In December 2009, Volkswagen AG bought a 49.9% stake in Dr. Ing. h.c. F. Porsche AG (more commonly known as Porsche AG) in a first step towards an 'integrated automotive group' with Porsche. The merger of Volkswagen AG and Porsche SE
3250-863: The three months to the end of September 2024. Latest setback for Volkswagen came on November 21, 2024 when Swedish battery producer Northvolt filed for bankruptcy, Volkswagen previously invested 1,4 Billion Euros in their failed business. On November 27, 2024 Volkswagen announced sale of it's Xinijang factory in China partly because "demand for combustion engine vehicles is going down". Former member of Croatian parliament Ivan Pernar warned that due to overall financial situation Volkswagen might go bankrupt just as "too big to fail" heavily indebted Evergrande Group . He also questioned how will EU tariffs on Chinese cars save Volkswagen when 50% of its sales are in China itself and not in EU, as well as its manangment decision to exit Russian market. In 2016, Volkswagen Group announced
3315-610: Was based on transitioning to electric cars , and building a shared platform, battery systems, software and mobility solutions to use across all their brands. This involves creating the Scalable Systems Platform , as well as developing software under a new subsidiary called CARIAD . Volkswagen Group aims by 2024 to transition to selling mostly electric cars. It aims to have six battery factories in Europe by 2030. In 2023, Volkswagen Group announced plans to cut costs by €10 billion ($ 11.1 billion). In February 2024, Volkswagen Group and Chinese electric vehicle manufacturer XPeng signed
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#17327797871583380-463: Was designed by Ferdinand Porsche 's consulting firm, and the company was backed by the support of Adolf Hitler . On 16 September 1938, Gezuvor was renamed Volkswagenwerk GmbH ('Volkswagen Factory GmbH'). Shortly after the factory at Fallersleben was completed World War II started, and the plant primarily manufactured the military Kübelwagen (Porsche Type 82) and the related amphibious Schwimmwagen (Type 166), both of which were derived from
3445-401: Was fined billions of dollars. Volkswagen Aktiengesellschaft is a public company and has a primary listing on the Frankfurt Stock Exchange , where it is a constituent of the Euro Stoxx 50 stock market index , and secondary listings on the Luxembourg Stock Exchange and SIX Swiss Exchange . It has been traded in the United States via American depositary receipts since 1988, currently on
3510-507: Was introduced to the EcoBlue engines in 2019. A belt-driven starter/generator replaces the alternator , which is connected to a 48 V, 10 A-hr lithium-ion battery. Mild hybrid vehicles are equipped with a start-stop system that shuts down the engine when the vehicle is stopped or decelerating at less than 12 km/h (7.5 mph), returning energy to the storage battery and providing an improvement in fuel economy of approximately three to eight percent. Also in 2019, Ford introduced
3575-402: Was introduced, premiering in January 1985. While production of the T3 ended in Europe with the Syncro produced in Austria until 1992, the T3 was also produced in South Africa, until 2002. The first officially designated "T platform" vehicle, the Volkswagen Transporter (T4) dramatically updated the Volkswagen van line by using a front-mounted , front-wheel drive , water-cooled engine. The T4
3640-445: Was launched in select European markets in the spring of 2019. The Swift Monza is a campervan conversion produced by Swift Leisure and based on the Tourneo version of the Transit Custom. It is available with the 2.0 EcoBlue 128PS turbodiesel engine. It is aimed at young families. The Transit Custom was released in Vietnam on September 12, 2019 until June 2021 as the Tourneo. Assembled at Ford Vietnam manufacturing facility, it
3705-467: Was marketed in North America as the Volkswagen Eurovan. The Volkswagen Transporter (T5) is a variant of the Volkswagen T platform. In North America it was sold in Mexico but not in the United States nor Canada. As with other light trucks, the T5 range would face a 25% tariff, known as the chicken tax , if imported to the US. The Transporter T5 range received a facelift in late 2009. Updated powertrain options include common rail diesel engines, and
3770-502: Was never the formal name of the Volkswagen Group. On 30 September 1982, Volkswagenwerk made its first step expanding outside Germany by signing a co-operation agreement with the Spanish car manufacturer SEAT, S.A. To reflect the company's increasing global diversification from its headquarters and main plant (the Volkswagenwerk in Wolfsburg ), on 4 July 1985, the company name was changed again—to Volkswagen Aktiengesellschaft (Volkswagen AG). On 18 June 1986, Volkswagen AG acquired
3835-429: Was one of the last all-new bodied Volkswagen platforms that still used an air-cooled , rear-engine design . Compared to its predecessor, (the T2), the T3 was sturdier and heavier, with a slightly larger, much more square and boxy body, that offered more usable interior space than the original models' rounded front side, roof, and edges. The T3, with its front now folding sharply along a horizontal middle axis, instead of
3900-404: Was operating a plant in Xinjiang at a loss in order to curry favor with the Chinese government to set up more lucrative plants in other parts of China, which Volkswagen denied, saying that the decision to set up the plant in 2012 was purely based on economics. Volkswagen is still operating a plant in the region as of 2020. In 2021, Volkswagen Group released their New Auto strategy. The strategy
3965-538: Was scheduled to take place during the course of 2011. On 8 September 2011, it was announced that the planned merger "cannot be implemented within the time frame provided for in the Comprehensive Agreement". As reasons, unquantifiable legal risks, including a criminal probe into the holding's former management team were given. Both parties "remain committed to the goal of creating an integrated automotive group with Porsche and are convinced that this will take place". On 4 July 2012 Volkswagen group announced they would wrap up
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#17327797871584030-422: Was slave labour. Many of the slaves were reported to have been supplied from the concentration camps upon request from plant managers. A lawsuit was filed in 1998 by survivors for restitution for the forced labour. Volkswagen would set up a voluntary restitution fund. After the war in Europe, in June 1945, Major Ivan Hirst of the British Army Royal Electrical and Mechanical Engineers (REME) took control of
4095-546: Was succeeded in 2017 by a 2.0-litre EcoBlue turbodiesel that was compliant with Euro 6 emissions standards and offered comparable output levels. An ECOnetic package was available for the lowest-output model, which added an automatic engine start-stop system , low rolling resistance tires, and electronic controls to drive consumption and emissions down to 5.7 L/100 km (50 mpg ‑imp ; 41 mpg ‑US ) and 148 g/km (8.4 oz/mi) of CO 2 , respectively. An optional mild hybrid system
4160-417: Was the world's largest automaker by sales, and keeping this title in 2017, 2018, and 2019, selling 10.9 million vehicles and was the largest automaker by revenue in 2022. It has maintained the largest market share in Europe for over two decades. It ranked seventh in the 2020 Fortune Global 500 list of the world's largest companies. In 2023, Volkswagen Group was the largest company in the European Union and
4225-711: Was unveiled at the 2012 Commercial Vehicle Show at the National Exhibition Centre in Birmingham, England . Currently, the Transit Custom is not sold in the United States and Canada, but it is sold in Mexico. It was not sold in China until 2016. An updated version with mild styling changes and a new engine family was introduced in 2017. One engine was available between 2012 and 2016, a 2.2-litre inline-four Duratorq turbodiesel , in three power output levels: 74 kW (101 PS; 99 hp) and 310 N⋅m (230 lb⋅ft) of torque, 92 kW (125 PS; 123 hp) and 350 N⋅m (260 lb⋅ft), 113 kW (154 PS; 152 hp) and 385 N⋅m (284 lb⋅ft). It
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