Volkswagen AG
VLKAY
Significant consolidated subsidiaries over 200 million:
|
Subsidiary (German) |
Stake(%) |
Equity in thousands (EUR) |
|
AUDI AG, Ingolstadt |
99.55 |
8,506,199 |
|
Porsche Holding Stuttgart GmbH, Stuttgart |
100 |
8,937,561 |
|
Porsche Siebte Vermögensverwaltung GmbH, Stuttgart |
100 |
636,919 |
|
Truck & Bus GmbH, Wolfsburg |
100 |
12,328,834 |
|
VOLKSWAGEN FINANCIAL SERVICES AG, Braunschweig |
100 |
5,251,495 |
|
Volkswagen Sachsen GmbH, Zwickau |
100 |
672,503 |
|
VW Kraftwerk GmbH, Wolfsburg |
100 |
219,914 |
TOTAL ex-FIN : 29,987,508,000 EUR
|
Subsidiary (International) |
Stake(%) |
Equity in thousands (Currency) |
|
Bugatti International S.A., Luxembourg |
100 |
5,376 (EUR) |
|
OOO Volkswagen Group Rus, Kaluga |
28.06 |
31,292,273 (RUB) = 375,069,093 (EUR) |
|
Scania AB, Södertälje |
86.22 |
19,602,148 (SEK) = 2,091,886,929( EUR) |
|
Volkswagen (China) Investment Co., Ltd., Beijing |
100 |
31,266,451 (CNY) =4,325,009,138 (EUR) |
|
Volkswagen Holding Österreich GmbH, Salzburg |
100 |
3,323,395 (EUR) |
Total for table ex-INSIG: 6,422,271,000 EUR
Total for table ex-INSIG ex-ChinaInvestment: 2,097,262,000 EUR
Joint Ventures:
|
Equity-accounted (International) |
Stake(%) |
Equity in thousands (Currency) |
|
FAW-Volkswagen Automotive Co., Ltd., Changchun |
20 |
59,951,984 (CNY) = 8,293,006,412 (EUR) 20% stake = 1,685,601,282 EUR |
|
Shanghai-Volkswagen Automotive Co., Ltd., Shanghai |
40 |
39,161,738 (CNY) = 5,416,338,629 (EUR) 40% stake = 2,166,535,451 EUR
|
Total equity-China= 3,849,136,000 EUR
|
Companies Accounted for at Cost (International) |
Stake(%) |
Equity in thousands (Currency) |
|
Material Science Center Qatar QSTP-LLC, Doha |
25 |
14,092 (QAR) |
Associates:
|
Other Equity Investments (Germany) |
Stake(%) |
Equity in thousands (EUR) |
|
SGL Carbon SE, Wiesbaden |
9.92 |
957,000 |
|
Other Equity Investments (International) |
Stake(%) |
Equity in thousands (Currency) |
|
Suzuki Motor Corp., Hamamatsu |
19.89 |
758,122,000 (JPY) = 6,071,705,848 (EUR) 20% stake = 1,214,341,169 EUR |
Total significant subsidiaries : 37,148,247,000 EUR ( 41,093,390,831 USD)
Total Long Term + Short term Debt= 126,540,000,000 EUR
Thoughts on the company:
After a very public scandal in which VLKAY was discovered cheating on US emissions tests,
After the scandal, sales of new VW cars in the UK fell 13.9 per cent in January, but used VW car sales were unaffected. Some experts say that the scandal did not interrupt the consumer consciousness of VW as much as expected.
Highest overall car-brand scores in Consumer Reports’ 2016 Brand Report Card went to Volkswagen AG’s Audi. Audi won best overall brand, and VLKAY’s Porsche brand also made the top five.
Balance sheet for VLKAY looks strong.