Volkswagen Group , or
Volkswagen Aktiengesellschaft , shortly
VW AG, and its subsidiaries, is a
German multinational automotive manufacturing company headquartered in
Wolfsburg,
Lower Saxony,
Germany. It designs, manufactures and distributes passenger and commercial vehicles, motorcycles, engines, and turbomachinery and offers related services including financing, leasing and fleet management. In 2012, it produced the second-largest number of motor vehicles of any company in the world, behind
Toyota and ahead of
General Motors. It has maintained the largest market share in Europe for over two decades. , it ranked ninth in the
Fortune Global 500 list of the world's largest companies. In 2014, it reached production output of 10.14 million vehicles.