A German industrial concern founded in Wolfsburg in 1937 as "Gesellschaft zur Vorbereitung des deutsche Volkswagens" (Comapny for the preparation of German Volkswagens). In 1941 the name changed into Volkswagen GmbH. The first Volkswagen was the Beetle designed by Ferdinand Prosche as a car for the people. But the people had to wait until 1947 before they were able to buy the car. Since the purchase of Audi NSU, Auto Union, the Spanish SEAT and the Czech Skoda Volkswagen belongs to the larger autoconcerns over the world. Volkswagen is mainly engaged in the production of motorised means of transport but it is also involved in other industrial activities. The concern has establishments in every continent.
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