Company Directory - Volkswagen Group
Company Details - Volkswagen Group
Volkswagen Group
WebsiteWolfsburg, Germany
ISIN: DE0007664039
Volkswagen Group is a global automotive manufacturer with an extensive portfolio of brands including Volkswagen, Audi, Porsche, and more. The company is known for its commitment to innovation and sustainability in the automotive industry.
CCI Score
CCI Score: Volkswagen Group
-43.17
Latest Event
Volkswagen CEO Urges E-Fuel Exemption Lobbying
Volkswagen CEO Oliver Blume urged the German government to pressure the EU to include an e-fuel exemption in the 2035 zero-emissions target, reflecting a strategic corporate lobbying effort aimed at influencing regulatory policies in favor of industry interests.
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TOADIE
Volkswagen Group is currently rated as a Toadie.
Latest Events
- MAR012025
Volkswagen CEO Oliver Blume urged the German government to pressure the EU to include an e-fuel exemption in the 2035 zero-emissions target, reflecting a strategic corporate lobbying effort aimed at influencing regulatory policies in favor of industry interests.
-40
Executive Political Engagement
June 18
The CEO’s public appeal to the German government to push the EU for an e-fuel exemption is a clear example of executive political engagement. This maneuver suggests an effort to secure regulatory advantages that could undermine progressive environmental and public policy, aligning corporate interests with politically influential lobbying rather than community-focused reform.
- FEB062025
The OpenSecrets profile for Volkswagen AG revealed political finance data for the 2024 cycle, including contributions of $105,856 and lobbying expenditures of $3,230,000, indicating significant corporate efforts to influence political processes.
-40
Political Contributions and Lobbying Efforts
June 18
The disclosed figures highlight a relatively modest amount in direct political contributions juxtaposed with a substantial lobbying expenditure. From an anti-fascist perspective, heavy lobbying spending can be interpreted as an attempt to secure favorable conditions that may undermine democratic accountability, thereby aligning with authoritarian practices. This evaluation reflects concerns over corporate influence in political processes.
- MAY272024
Human Rights Watch and the European Center for Constitutional and Human Rights have called on Volkswagen to explain to shareholders how it will eliminate Uyghur forced labor from its supply chains. The article highlights significant concerns regarding inadequate oversight, lack of full supply chain transparency, and reliance on flawed audits in Volkswagen’s Chinese operations, particularly in joint ventures in Xinjiang.
-70
Supply Chain Ethics
June 18
The article details how Volkswagen has failed to sufficiently investigate and address potential links to Uyghur forced labor within its supply chains, especially in its joint ventures in China's Xinjiang region. The lack of full supply chain transparency, reliance on flawed audits, and continued dependence on Chinese partnerships raise serious ethical concerns regarding labor rights and corporate accountability.
- MAY202024
A U.S. Senate Finance Committee investigation revealed that Volkswagen, along with other automakers, is still using parts sourced from suppliers linked to forced Uyghur labor, raising serious concerns about the company's supply chain ethics.
-50
Supply Chain Ethics
June 18
The investigation found that Volkswagen continues to receive components from a supplier accused of employing forced Uyghur labor. Such involvement in unethical supply chain practices highlights a failure in due diligence and raises serious human rights concerns.
Revealed: BMW, Jaguar Land Rover and Volkswagen still using Uyghur forced labor
- OCT202022
Volkswagen investors, including several Swedish public pension funds and others, filed a lawsuit alleging that the company’s lobbying through automotive and business associations contradicts its public climate change messaging. The legal action, initiated on 20 October 2022, challenges Volkswagen’s refusal to clarify whether its trade association memberships align with its emissions reduction goals.
-40
Political Contributions and Lobbying Efforts
June 18
The lawsuit highlights concerns that Volkswagen’s engagement in lobbying through its trade association memberships undermines its public commitment to the green transition. Such practices not only risk damaging its reputation but may also contribute to a broader pattern of corporate behavior that obscures transparent political and environmental accountability, aligning with concerns under Political Contributions and Lobbying Efforts.
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Stuttgart, Germany
2.38

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-17.55

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-28.91

Detroit, United States
-52.91

Corporation
-12.49

Corporation
-19.48

Wolfsburg, Germany
-23.01

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-56.81
Detroit, United States
7.04

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-0.59
Corporate Financials
- Revenue
- 2023
- $300.00B
- Total Assets
- 2023
- $500.00B
- Operating Income
- 2023
- $20.00B
- Total Equity
- 2023
- $50.00B
Employees: 670,000
Industries
- 336120
- Heavy Duty Truck Manufacturing
- 441110
- New Car Dealers
- 441120
- Used Car Dealers
- 336111
- Automobile Manufacturing
- 336112
- Light Truck and Utility Vehicle Manufacturing