The Volkswagen Aktiengesellschaft (VAG), also known as Volkswagen Group or colloquially as VW, is an automobile manufacturer and mobility organisation based in Wolfsburg, Lower Saxony, Germany and is the pioneer brand within the Volkswagen Group, which contains the car brands Audi AG, Bentley Motors Ltd., Automobiles Bugatti SA, Automobili Lamborghini Holding S.p.A., SEAT, Škoda Auto and heavy goods vehicle manufacturer Scania AB. By 2018 the Volkswagen Group aims to be the worlds largest car maker by sales volume and revenue and be the most profitable on the planet. The Supervisory Board of Volkswagen Aktiengesellschaft (VAG) endorsed the creation of an integrated automotive group with Porsche under the leadership of Volkswagen. The Volkswagen Board of Management will now begin talks with the newly-nominated representatives of Porsche to jointly draw up a final concept to achieve this goal. At the same time, a comprehensive auditing and assessment process will be initiated as the prerequisite for signing an agreement on the principles relating to the combination of the two companies.
The integrated automotive group will be formed from the progressive participation of Volkswagen in Porsche AG and the subsequent merger of Porsche Automobil Holding SE and Volkswagen AG. Porsche will remain an independent company headquartered in Stuttgart. In the opinion of all parties, this basic concept represents the best possible solution for pooling the strengths of both companies as envisaged.
Volkswagen means "people's car" in German, in which it is pronounced [ˈfɔlksˌvaːɡən]. Its current tagline or slogan is Das Auto (in English The Car). Its previous German tagline was Aus Liebe zum Automobil, which translates to: Out of Love for the Car, or, For Love of the Automobile, as translated by VW in other languages.
