Companies

Volkswagen Group

AutomotiveWolfsburg, GermanyVOW3652,211 employees

More about Volkswagen Group

German multibrand carmaker producing cars, trucks and motorcycles, with financial services

Revenue
€321.9B
Fiscal 2025, down about 1%
Employees
652,211
As of June 2026, incl. Chinese joint ventures
Stock
VOW3
Xetra
Headquarters
Wolfsburg, Germany
CEO
Oliver Blume
Since September 2022
BrandsVolkswagen, Audi, Porsche, Skoda, Seat, Cupra, Lamborghini, Bentley
Current strategyCost cutting and restructuring in Germany under the Zukunft Volkswagen labor agreement and separate programs at Audi, Porsche and Cariad
Recent workforce changesAbout 50,000 jobs in Germany to be cut by 2030; German headcount down 3.2% to 275,001 by June 2026
CompetitorsToyota, Stellantis, BYD

Checked October 11, 2026 · Sources: uploads.vw-mms.de, uploads.vw-mms.de (2)

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Volkswagen Group layoffs and discussions · WorkHush