Volkswagen AG is
a car manufacturer based in Germany. It produces automobile spare parts for
Volkswagen brand commercial and passenger cars. The company has two major
divisions: the Automotive Division leads the development, production and sale
of automobiles and genuine components while the Financial Services Division
takes charges of portfolio management in so far as financing, leasing and
insurance services are concerned.
The company owns
world-class automobile brands which include Volkswagen, Bentley, Audi and
Lamborghini among others. In its wide array of models are fuel
efficient compact cars, luxury vehicles, pick-up trucks, buses and heavy
equipments.
To remain
competitive in the automobile production and sales industry, Volkswagen focuses
on enhancing profitability by reducing production costs and on increasing
emphasis on core business.
The company believes the goals are achievable through business development
strategies and initiatives. The company will divest on non-core business
segments, strategize production process by adapting modules, restructuring, and
the introduction of new car models.
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