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7

Volkswagen

VLKAY

Germany

Employees610,076

Revenues ($M)$236,600

Rev Change-11.9%

Profits ($M)$-1,520

Profit Change-110.4%

Assets ($M)$414,858

The diesel emissions testing scandal that broke in 2015 may well cripple the company for years to come. Revenue dropped 12% last year to $237 billion, and the automaker reported its biggest ever loss of $1.5 billion. In the aftermath, CEO Martin Winterkorn resigned and was replaced by Mattias Muller, who is navigating the road ahead for the beleageured manufacturer. In June 2016, the company agreed to pay U.S. regulators a record $15.3 billion settlement related to the scandal and to recall half a million emissions-cheating diesel cars. Also read Hoaxwagen: Inside Volkswagen’s Diesel Fraud.

CEO

Matthias Muller

Sector

Motor Vehicles & Parts

Industry

Motor Vehicles and Parts

HQ Location

Wolfsburg, Germany

Employees

610,076

Website

http://www.volkswagen.com

Years on Global 500 List

22

Figures prepared in accordance with International Accounting Standards.

Volkswagen is also featured in these fortune lists

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Volkswagen: Global 500 RANK HISTORY

Key Financials (last fiscal year)

	($ Millions)	% change
Revenues ($M)	$236,600	-11.9%
Profits ($M)	$-1,520	-110.4%
Assets ($M)	$414,858
Total Stockholder Equity ($M)	$95,651

Profit as % of Revenues		-0.6%
Profits as % of Assets		-0.4%
Profits as % of Stockholder Equity		-1.6%

()0.00 0.00 (0)

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Market Cap: NaNB
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52 Week Change %: 0.00
P/E Ratio: n/a
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News about Volkswagen

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Videos about Volkswagen

Meet Sedric: Volkswagen’s Vision for Self-driving Cars

It was unveiled at the Geneva Auto Show.

Volkswagen Emission Scandal Might Cost Another $1 Billion

The company has already paid a $10 billion settlement

VW Says It's Cutting 30,000 Jobs

As it recovers from the emissions scandal

Volkswagen Just Settled Its Emissions Cheating Scandal

It’s quite the financial burden.

Volkswagen Just Invested $300 million in This Uber Competitor

The startup operates in more than 60 cities worldwide.

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