Overview
Description
Volkswagen AG Pref is the preferred shares class of Volkswagen AG, a leading German automotive manufacturer founded in 1937 and headquartered in Wolfsburg. These non-voting preference shares provide investors with priority dividend rights over ordinary shares, reflecting the company's integrated structure across passenger cars, commercial vehicles, power engineering, and financial services. Volkswagen AG Pref shares represent exposure to a diverse portfolio of iconic brands including Volkswagen Passenger Cars, Audi, ŠKODA, SEAT/CUPRA, Bentley, Lamborghini, Porsche, Ducati, Scania, MAN, and Bugatti, spanning passenger vehicles, trucks, buses, motorcycles, and related components. The company generates substantial revenue from vehicle development, production, sales, and aftermarket parts, alongside dealer financing, leasing, insurance, and fleet management. With around 635,855 employees, Volkswagen AG Pref holds a pivotal role in the global automotive sector, contributing to major indices like Xetra DAX and DJ EURO STOXX 50, and demonstrating strong dividend yields historically around 6-10%, underscoring its appeal for income-focused market participants amid the industry's shift toward electrification and mobility services.
About
CEO
Mr. Thomas Schafer
Employees
635855
Address
Berliner Ring 2
11 Bermudiana Road
Wolfsburg, 38440, MI
Germany
11 Bermudiana Road
Wolfsburg, 38440, MI
Germany
Phone
49-5361-9-0
Website
Instrument type
Preferred stock
Sector
Consumer Cyclical
Industry
Auto Manufacturers
Country
United Kingdom
MIC code
BCXE