Showing posts with label Automotive industry. Show all posts
Showing posts with label Automotive industry. Show all posts

Wednesday, September 21, 2011

Nissan Motors

Nissan GT-R photographed in Nissan Gallery (Ch...Image via Wikipedia
Nissan Motor Company Ltd (Japanese: 日産自動車株式会社 Nissan Jidōsha Kabushiki-gaisha?) (TYO: 7201), usually shortened to Nissan ( /ˈniːsɑːn/ or UK /ˈnɪsæn/; Japanese: [nisːaɴ]), is a multinational automaker headquartered in Japan. It was formerly a core member of the Nissan Group, but has become more independent after its restructuring under Carlos Ghosn (CEO).
It formerly marketed vehicles under the "Datsun" brand name and is one of the largest car manufacturers in the world. As of 2011, the company's global headquarters is located in Nishi-ku, Yokohama. In 1999, Nissan entered a two way alliance with Renault S.A. of France, which owns 43.4% of Nissan while Nissan holds 15% of Renault shares, as of 2008. The current market share of Nissan, along with Honda and Toyota, in American auto sales represent the largest of the automotive firms based in Asia that have been increasingly encroaching on the historically dominant US-based "Big Three" consisting of GM, Ford and Chrysler. In its home market, Nissan became the second largest car manufacturer in 2011, surpassing Honda with Toyota still very much the dominant first. Along with its normal range of models, Nissan also produces a range of luxury models branded as Infiniti.
The Nissan VQ engines, of V6 configuration, have been featured among Ward's 10 Best Engines for 14 straight years.
Contents [hide]
1 History
1.1 Beginnings of Datsun name from 1914
1.2 Nissan name first used in 1930s
1.3 Nissan Motors founded in 1934
1.4 Nissan's early American connection
1.5 Austin Motor Company
1.6 Merger with Prince Motor Company
1.7 Foreign expansion
1.8 Relationship with Ford Motor Company
1.9 Trucks
1.10 Alliance with Renault
1.11 Expansion of alliance to include both Daimler and Renault
2 Nissan Motor Co v. Nissan Computer Corporation
3 Recent news
3.1 Vehicle recalls
4 Environmental record
5 Leadership
6 Products
6.1 Automotive products
6.1.1 Electric vehicles
6.2 Non-automotive products
7 Global sales figures
8 Manufacturing locations
9 See also
10 Notes and references
11 External links
[edit]History

[edit]Beginnings of Datsun name from 1914


Nissan Model 70 Phaeton, 1938


Nissan world headquarters in Nishi-ku, Yokohama
Masujiro Hashimoto founded The Kwaishinsha Motor Car Works in 1911. In 1914, the company produced its first car, called DAT.
The new car's name was an acronym of the company's investors' family names:
Kenjiro Den (田 健次郎 Den Kenjirō?)
Rokuro Aoyama (青山 禄朗 Aoyama Rokurō?)
Meitaro Takeuchi (竹内 明太郎 Takeuchi Meitarō?).
It was renamed to Kwaishinsha Motorcar Co., Ltd. in 1918, and again to DAT Motorcar Co. in 1925.[2] DAT Motors built trucks in addition to the DAT and Datsun passenger cars. The vast majority of its output were trucks, due to an almost non-existent consumer market for passenger cars at the time. Beginning in 1918, the first DAT trucks were produced for the military market. It was the low demand of the military market in the 1920s that forced DAT to merge in 1926 with Japan's 2nd most successful truck maker, Jitsuyo Motors.
In 1926 the Tokyo-based DAT Motors merged with the Osaka-based Jitsuyo Jidosha Co., Ltd. (実用自動車製造株式会社 Jitsuyō Jidōsha Seizō Kabushiki-Gaisha?) a.k.a. Jitsuyo Motors (established 1919, as a Kubota subsidiary) to become DAT Automobile Manufacturing Co., Ltd. (ダット自動車製造株式会社 Datto Jidōsha Seizō Kabushiki-Gaisha?) in Osaka until 1932. (Jitsuyo Jidosha began producing a three-wheeled vehicle with an enclosed cab called the Gorham in 1920, and the following year produced a four-wheeled version. From 1923 to 1925, the company produced light cars and trucks under the name of Lila.[3])
In 1931, DAT came out with a new smaller car, the first "Datson", meaning "Son of DAT". Later in 1933 after Nissan took control of DAT Motors, the last syllable of Datson was changed to "sun", because "son" also means "loss" (損) in Japanese, hence the name "Datsun" (ダットサン Dattosan?).[4]
In 1933, the company name was Nipponized to Jidosha-Seizo Co., Ltd. (自動車製造株式会社 Jidōsha Seizō Kabushiki-Gaisha?, "Automobile Manufacturing Co., Ltd.") and was moved to Yokohama.
[edit]Nissan name first used in 1930s
In 1928, Yoshisuke Aikawa founded the holding company Nippon Sangyo (Japan Industries or Nippon Industries). "The name 'Nissan' originated during the 1930s as an abbreviation"[5] used on the Tokyo stock market for Nippon Sangyo. This company was the famous Nissan "Zaibatsu" (combine) which included Tobata Casting and Hitachi. At this time Nissan controlled foundries and auto parts businesses, but Aikawa did not enter automobile manufacturing until 1933.[6]
Nissan would eventually grow to include 74 firms, and to be the fourth-largest combine in Japan during World War II.[7]
In 1930, Aikawa purchased controlling(?) shares in DAT Motors, and then in 1933 it merged Tobata Casting's automobile parts department with DAT Motors. As Tobata Casting was a Nissan company, this was the beginning of Nissan's automobile manufacturing.[8]
[edit]Nissan Motors founded in 1934
In 1934, Aikawa "separated the expanded automobile parts division of Tobata Casting and incorporated it as a new subsidiary, which he named Nissan Motor (Nissan)". Nissan Motor Co., Ltd. (日産自動車 Nissan Jidōsha?). The shareholders of the new company however were not enthusiastic about the prospects of the automobile in Japan, so Aikawa bought out all the Tobata Casting shareholders (using capital from Nippon Industries) in June, 1934. At this time Nissan Motors effectively became owned by Nippon Sangyo and Hitachi.[9]
Nissan built trucks, airplanes, and engines for the Japanese military. The company's main plant was moved to China after land there was captured by Japan. The plant made machinery for the Japanese war effort until it was captured by American and Russian forces. From 1947 to 1948 the company was called Nissan Heavy Industries Corp.
[edit]Nissan's early American connection
DAT had inherited Kubota's chief designer, American William R. Gorham. This, along with Aikawa's inspiring 1908 visit to Detroit, was to greatly affect Nissan's future.
Although it had always been Aikawa's intention to use cutting-edge auto making technology from America, it was Gorham that carried out the plan. All the machinery, vehicle designs and engine designs originally came out of the United States. Much of the tooling came from the Graham factory and Nissan had a Graham license under which trucks were made. The machinery was imported into Japan by Mitsubishi[10] on behalf of Nissan, which went into the first Yokohama factory to produce cars.
[edit]Austin Motor Company
In early 1950s, Nissan partnered with an established European company to gain access to up-to-date automobile and engine designs. Nissan chose Austin of the United Kingdom, which later became the British Motor Corporation by its merger with Morris et al. Nissan began building Austin 7s in 1930, though the legitimacy of their license at that time is debated. After the success of Nissan, Hino and Isuzu followed to partner with Renault and Hillman respectively.[11]
In 1952 Nissan Motor Company of Japan entered into a legal agreement with Austin ,[12] for Nissan to assemble 2,000 Austins from imported partially assembled sets and sell them in Japan under the Austin trademark. The agreement called for Nissan to make all Austin parts locally within three years, a goal Nissan met. Nissan produced and marketed Austins for seven years. The agreement also gave Nissan rights to use Austin patents, which Nissan used in developing its own engines for its Datsun line of cars. In 1953 British-built Austins were assembled and sold, but by 1955, the Austin A50 – completely built by Nissan and featuring a slightly larger body with new 1489 cc engine—was on the market in Japan. Nissan produced 20,855 Austins from 1953–1959.[13]
Nissan leveraged the Austin patents to further develop their own modern engine designs past what the Austin's A- and B-family designs offered. The apex of the Austin-derived engines was the new design A series engine in 1967. Also in 1967 Nissan introduced its new highly advanced four cylinder overhead cam (OHC) Nissan L engine, which while similar to Mercedes-Benz OHC designs was a totally new engine designed by Nissan. This engine powered the new Datsun 510, which gained Nissan respect in the worldwide sedan market. Then, in 1969 Nissan introduced the Datsun 240Z sports car which used a six-cylinder variation of the L series engine. The 240Z was an immediate sensation and lifted Nissan to world class status in the automobile market.[citation needed]
[edit]Merger with Prince Motor Company
In 1966, Nissan merged with the Prince Motor Company, bringing more upmarket cars, including the Skyline and Gloria, into its selection. The Prince name was eventually abandoned, and successive Skylines and Glorias bore the Nissan name. "Prince," however, is still used in the names of certain Japanese Nissan dealerships.
[edit]Foreign expansion
In the 1950s, Nissan decided to expand into worldwide markets. Nissan management realized their Datsun small car line would fill an unmet need in markets such as Australia and the world's largest car market, the United States. They first showed cars at the 1959 Los Angeles Auto Show and sold a few that year in the United States. The company formed a U.S. subsidiary, Nissan Motor Corporation U.S.A., in 1959, headed by Yutaka Katayama. Nissan continued to improve their sedans with the latest technological advancements and chic Italianate styling in sporty cars such as the Datsun Fairlady roadsters, the race-winning 411 series, the Datsun 510 and the world-class Datsun 240Z, and by 1970, they had become one of the world's largest exporters of automobiles.


Nissan GT-R
In the wake of the 1973 oil crisis, consumers worldwide (especially in the lucrative U.S. market) began turning in rapidly increasing numbers to high-quality small economy cars. To meet the growing demand, the company built new factories in Mexico, Australia, Taiwan and South Africa.
The "Chicken Tax" of 1964 placed a 25% tax on imported commercial vans.[14] In response, Nissan, Toyota Motor Corp. and Honda Motor Co. began building plants in the U.S. in the early 80s.[14]
Nissan's initial assembly plant, in Smyrna, Tennessee, at first built only trucks such as the 720 and Hardbody, but has since expanded to produce several car and SUV lines, including the Altima, Maxima, Xterra and Pathfinder. An engine plant in Decherd, Tennessee followed, and most recently a second assembly plant in Canton, Mississippi.
In 1998 Nissan announced that it was selling one of its headquarter buildings to the Mori Group for $107.8 million.[15]
In order to overcome export tariffs and delivery costs to its European customers, Nissan contemplated establishing a plant in Europe. After an extensive review, Sunderland in the north east of the United Kingdom was chosen for the local availability of a highly skilled workforce and its position near major ports. The plant was completed in 1986 as the subsidiary Nissan Motor Manufacturing (UK) Ltd. By 2007, it was producing 400,000 vehicles per year, landing it the highly coveted title of the most productive plant in Europe.
Financial difficulties (approaching billions) in Australia in the late 1980s caused Nissan to cease production there. Due to the "Button Plan" the Australian operation was unique as the Nissan products were also rebranded both by General Motors Holden: Pulsar as the Holden Astra), and Ford: Bluebird as the Ford Corsair).
In 2001 stablished a manufacturing plant in Brazil, in 2005, Nissan setup operations in India, through its subsidiary Nissan Motors India Pvt. Ltd.[16] With its global alliance partner, Renault, Nissan is investing $920 million to set up a manufacturing facility in Chennai to cater to the Indian market as well as a base for exports of small cars to Europe.[17]
Nissan sold nearly 520,000 new vehicles in China in 2009 in joint venture with Dongfeng Motor, and aims for 1 million in 3 or 4 years. To meet that target, Dongfeng-Nissan is expanding its production base in Guangzhou, which would become Nissan's largest factory around the globe in terms of production capacity upon completion.[18]
[edit]Relationship with Ford Motor Company
From 1993 to 2002, Nissan partnered with Ford to market the Mercury Villager and the Nissan Quest. The two minivans were manufactured with all the same parts and were virtually identical aside from several cosmetic differences. In 2002, Ford discontinued the Villager to make room for its Freestar and Monterey. Nissan brought out a new version of the Quest in 2004, which was designed in-house and no longer bore any relation to Ford's models.
In 1992, Nissan relaunched its Terrano four-wheel drive, which was cosmetically and mechanically identical to the Ford Maverick. Both cars were built in Spain. Although the Maverick was discontinued in 1998 due to disappointing sales, the Nissan Terrano was a strong seller and remained in production until 2005, when it was replaced by the Nissan Pathfinder.
[edit]Trucks


2006 Nissan Titan King Cab
The Nissan Titan was introduced in 2004, as a full-size pickup truck produced for the North American market, the truck shares the stretched Nissan F-Alpha platform with the Nissan Armada and Infiniti QX56 SUVs.
The Titan features a 32 valve 5.6 L VK56DE V8 engine which generates 317 hp, and is capable of towing approximately 9500 pounds. The Nissan Titan comes in four basic trim levels: XE, SE, Pro-4X, and LE; that for the 2011 it will be S, SV, PRO-4X and SL.The trim levels are combinations of the features offered on the truck. It was listed by Edmunds.com as the best full-size truck. The Titan was nominated for the North American Truck of the Year award for 2004.
[edit]Alliance with Renault
In 1999, with Nissan facing severe financial difficulties, Nissan entered an alliance with Renault S.A. of France.[19]
Signed on March 27, 1999, the Renault-Nissan Alliance is the first of its kind involving a Japanese and French car manufacturer, each with its own distinct corporate culture and brand identity. The same year, Renault appointed its own Chief Operating Officer, Carlos Ghosn, as Chief Operating Officer of Nissan and took a 22.5% stake in Nissan Diesel. Later that year, Nissan fired its top Japanese executives.
The Renault-Nissan Alliance has evolved over years to Renault holding 44.3% of Nissan shares, while Nissan holds 15% of Renault shares which does not give Nissan a voting or board representation due to legal restriction in France.
Under CEO Ghosn's "Nissan Revival Plan" (NRP), the company has rebounded in what many leading economists consider to be one of the most spectacular corporate turnarounds in history, catapulting Nissan to record profits and a dramatic revitalization of both its Nissan and Infiniti model line-ups. In 2001, the company initiated Nissan 180, capitalizing on the success of the NRP. The targets set with 180 were an additional sale of 1 million cars, achieving operating margins of 8%, and to have zero automotive debts. Ghosn has been recognized in Japan for the company's turnaround in the midst of an ailing Japanese economy. Ghosn and the Nissan turnaround were featured in Japanese manga and popular culture. His achievements in revitalizing Nissan were noted by Japanese Government, which awarded him the Japan Medal with Blue Ribbon in 2004.[20]
[edit]Expansion of alliance to include both Daimler and Renault


Nissan Motors New Headquarters under construction in April 2008
On April 7, 2010, Daimler AG exchanged a 3.9% share of its holdings for 3.9% from both Nissan and Renault. This triple alliance allows for the increased sharing of technology and development costs, encouraging global cooperation and mutual development.[21] The alliance with Daimler is believed to have a focus on battery/electric technologies.
[edit]Nissan Motor Co v. Nissan Computer Corporation

In December 1999, legal action was instituted by Nissan Motors seeking $10,000,000 in damages from Uzi Nissan, president of Nissan Computer. In December 2002, Uzi Nissan was handed an injunction restricting his use of the Nissan name and the domains Nissan.com and Nissan.net which he owns.
In 2004, the Ninth Circuit Court of Appeals, allowed Nissan Computer to appeal the case, which resulted in reversal of some findings previously in favor of Nissan Motors.[22]
On February 5, 2008, Final Judgement was entered for the case, with Nissan Computer being awarded costs and neither party prevailing.[23] Immediately following the ruling, Nissan Motors filed a trademark application for Computer Equipment in March 2008,[24] viewed by some as an attempt to acquire the domain through UDRP, an arbitration panel proceeding which often finds in favor of trademark holders.
[edit]Recent news



Current CEO Carlos Ghosn has been credited with reviving Nissan
In 2010, Nissan announced that its hybrid technology is no longer based on Toyota's.
On April 7, 2010, Daimler AG exchanged a 3.9% share of its holdings for 3.9% from both Nissan and Renault. This triple alliance allows for the increased sharing of technology and development costs, encouraging global cooperation and mutual development.[21]
The Nissan Note and Qashqai in the UK are both produced at their UK factory in Sunderland, Tyne & Wear. On January 9, 2009, it was announced that 1,200 jobs were to be cut at the Sunderland plant. The decision was blamed on economic reasons, including a downturn in the car selling market. Nissan's senior vice-president for manufacturing in Europe, Trevor Mann, said the company was "right-sizing our operations to the market demand."[25]
Nissan also produces cars at its factory at Roslyn, near Pretoria, South Africa.
Nissan North America relocated its headquarters from Gardena, California to the Nashville, Tennessee area in July 2006. A new headquarters, Nissan Americas, was dedicated on July 22, 2008, in Cool Springs (Nashville, Tennessee). Approximately 1500 employees work in the facility.
On June 30, 2006, General Motors convened an emergency board meeting to discuss a proposal by shareholder Kirk Kerkorian to form an alliance between GM and Renault-Nissan. On October 4, 2006, however, GM and Nissan terminated talks because of the chasm between the two companies related to compensation to GM from Nissan.
On May 17, 2006 Nissan released the Atlas 20 hybrid truck in Japan. It released a Cabstar hybrid truck at the 2006 Hannover Fair.
The company's head office moved from Tokyo back to Yokohama in August 2009.
On February 23, 2008 The Tamil Nadu state government (India) signed a memorandum of understanding (MoU) with auto manufacturing consortium, Mahindra-Renault- Nissan to set up a production unit at Oragadam in suburban Madras.
The consortium comprising Indian auto major Mahindra and Mahindra, Renault (France) and Nissan (Japan) will begin with an initial investment of Rs4000 crore to manufacture nearly 50,000 tractors every year other than cars, utility vehicles and spare parts. The project is expected to increase Tamil Nadu’s Gross Domestic Product (GDP) by Rs18,000 crore annually while providing 41,000 jobs.
Nissan began development of fuel-cell vehicles (FCVs) in 1996 and launched limited lease sales of the X-Trail FCV in Japan in fiscal year 2003.
In 2002, Toyota and Nissan agree to tie-up on hybrid technologies, and in 2004, Nissan unveiled the Altima hybrid prototype.
[edit]Vehicle recalls
On March 2, 2010 Nissan announced the recall of 540,000 vehicles to fix brake pedals and gas gauges. The brake pedal recall affects 179,000 vehicles in the US and about 26,000 in the Middle East, Canada, Russia and several other countries.
Certain 2008 to 2010 Nissan Titan pickups, Infiniti QX56 and Nissan Armada Sports Utility Vehicles, and some 2008 and 2009 Nissan Quest minivans are being recalled.[26]
Nissan also announced the recall of several models of trucks and SUVs, including 2004–2006 Armadas and Titans, 2005–2006 Infiniti QX56s, and Frontiers, Pathfinders and Xterras made in August 2003 and June 2006. The recall was made in response to a risk that the electrical relays in the engine control modules for those vehicles may fail, possibly rendering the engine inoperable. The recall affects about 2,200,000 cars worldwide.[27]
In May 2011, the National Highway Traffic Safety Administration launched an investigation of the 2007 and 2008 Altimas over leakage issues, which could lead to recalls.[28]
[edit]Environmental record



Nissan Leaf at the 2010 Washington Auto Show, where it was announced as winner of the 2010 Green Car Vision Award by the Green Car Journal.
Prior to announcements about the Nissan Leaf, Nissan Motors has had no special environmental record, at least as perceived relative to its competition. This may change in the future owing to a new emphasis on the development, production and marketing of electric automobiles. Nissan is planning to sell electric cars in the US coastal markets by December 2010, and within the US interior by June 2011. The company claims its EV model, the Nissan Leaf, has a maximum speed of 90 mph (140 km/h) and can go 100 miles per charge. It is projected to take eight hours to charge the car fully. Nissan's car uses a lithium ion battery. The vehicle is intended for short distances, and is not meant for replacing traditional cars for long trips. As with other electric cars these products from Nissan won't emit pollutants from their exhaust. Any pollution involved in their operation would come from the production of the electricity needed to charge the car, depending on the type of power generation facility.[29] Nissan has chosen to develop 100 percent electric cars rather than biofuel or ethanol running cars based upon cost analysis.[30] On May 12, 2009, Nissan announced the company will produce EVs at its Oppama plant from fall 2010 with capacity of 50,000 units a year. Batteries for EVs will be supplied by Automotive Energy Supply Corporation, a joint-venture between Nissan (51%), NEC Corporation (42%) and NEC TOKIN Corporation (7%).[31] In July 2011, the solar charging port of Nissan – construction on a 30-car solar charging station outside of the future Smyrna Vehicle Assembly Plant in Tennessee – is expected to be completed. And it will use renewable energy to charge the Nissan Leafs that will be produced there in 2012.[32]
[edit]Leadership

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Nissan Motors

Nissan GT-R photographed in Nissan Gallery (Ch...Image via Wikipedia
Nissan Motor Company Ltd (Japanese: 日産自動車株式会社 Nissan Jidōsha Kabushiki-gaisha?) (TYO: 7201), usually shortened to Nissan ( /ˈniːsɑːn/ or UK /ˈnɪsæn/; Japanese: [nisːaɴ]), is a multinational automaker headquartered in Japan. It was formerly a core member of the Nissan Group, but has become more independent after its restructuring under Carlos Ghosn (CEO).
It formerly marketed vehicles under the "Datsun" brand name and is one of the largest car manufacturers in the world. As of 2011, the company's global headquarters is located in Nishi-ku, Yokohama. In 1999, Nissan entered a two way alliance with Renault S.A. of France, which owns 43.4% of Nissan while Nissan holds 15% of Renault shares, as of 2008. The current market share of Nissan, along with Honda and Toyota, in American auto sales represent the largest of the automotive firms based in Asia that have been increasingly encroaching on the historically dominant US-based "Big Three" consisting of GM, Ford and Chrysler. In its home market, Nissan became the second largest car manufacturer in 2011, surpassing Honda with Toyota still very much the dominant first. Along with its normal range of models, Nissan also produces a range of luxury models branded as Infiniti.
The Nissan VQ engines, of V6 configuration, have been featured among Ward's 10 Best Engines for 14 straight years.
Contents [hide]
1 History
1.1 Beginnings of Datsun name from 1914
1.2 Nissan name first used in 1930s
1.3 Nissan Motors founded in 1934
1.4 Nissan's early American connection
1.5 Austin Motor Company
1.6 Merger with Prince Motor Company
1.7 Foreign expansion
1.8 Relationship with Ford Motor Company
1.9 Trucks
1.10 Alliance with Renault
1.11 Expansion of alliance to include both Daimler and Renault
2 Nissan Motor Co v. Nissan Computer Corporation
3 Recent news
3.1 Vehicle recalls
4 Environmental record
5 Leadership
6 Products
6.1 Automotive products
6.1.1 Electric vehicles
6.2 Non-automotive products
7 Global sales figures
8 Manufacturing locations
9 See also
10 Notes and references
11 External links
[edit]History

[edit]Beginnings of Datsun name from 1914


Nissan Model 70 Phaeton, 1938


Nissan world headquarters in Nishi-ku, Yokohama
Masujiro Hashimoto founded The Kwaishinsha Motor Car Works in 1911. In 1914, the company produced its first car, called DAT.
The new car's name was an acronym of the company's investors' family names:
Kenjiro Den (田 健次郎 Den Kenjirō?)
Rokuro Aoyama (青山 禄朗 Aoyama Rokurō?)
Meitaro Takeuchi (竹内 明太郎 Takeuchi Meitarō?).
It was renamed to Kwaishinsha Motorcar Co., Ltd. in 1918, and again to DAT Motorcar Co. in 1925.[2] DAT Motors built trucks in addition to the DAT and Datsun passenger cars. The vast majority of its output were trucks, due to an almost non-existent consumer market for passenger cars at the time. Beginning in 1918, the first DAT trucks were produced for the military market. It was the low demand of the military market in the 1920s that forced DAT to merge in 1926 with Japan's 2nd most successful truck maker, Jitsuyo Motors.
In 1926 the Tokyo-based DAT Motors merged with the Osaka-based Jitsuyo Jidosha Co., Ltd. (実用自動車製造株式会社 Jitsuyō Jidōsha Seizō Kabushiki-Gaisha?) a.k.a. Jitsuyo Motors (established 1919, as a Kubota subsidiary) to become DAT Automobile Manufacturing Co., Ltd. (ダット自動車製造株式会社 Datto Jidōsha Seizō Kabushiki-Gaisha?) in Osaka until 1932. (Jitsuyo Jidosha began producing a three-wheeled vehicle with an enclosed cab called the Gorham in 1920, and the following year produced a four-wheeled version. From 1923 to 1925, the company produced light cars and trucks under the name of Lila.[3])
In 1931, DAT came out with a new smaller car, the first "Datson", meaning "Son of DAT". Later in 1933 after Nissan took control of DAT Motors, the last syllable of Datson was changed to "sun", because "son" also means "loss" (損) in Japanese, hence the name "Datsun" (ダットサン Dattosan?).[4]
In 1933, the company name was Nipponized to Jidosha-Seizo Co., Ltd. (自動車製造株式会社 Jidōsha Seizō Kabushiki-Gaisha?, "Automobile Manufacturing Co., Ltd.") and was moved to Yokohama.
[edit]Nissan name first used in 1930s
In 1928, Yoshisuke Aikawa founded the holding company Nippon Sangyo (Japan Industries or Nippon Industries). "The name 'Nissan' originated during the 1930s as an abbreviation"[5] used on the Tokyo stock market for Nippon Sangyo. This company was the famous Nissan "Zaibatsu" (combine) which included Tobata Casting and Hitachi. At this time Nissan controlled foundries and auto parts businesses, but Aikawa did not enter automobile manufacturing until 1933.[6]
Nissan would eventually grow to include 74 firms, and to be the fourth-largest combine in Japan during World War II.[7]
In 1930, Aikawa purchased controlling(?) shares in DAT Motors, and then in 1933 it merged Tobata Casting's automobile parts department with DAT Motors. As Tobata Casting was a Nissan company, this was the beginning of Nissan's automobile manufacturing.[8]
[edit]Nissan Motors founded in 1934
In 1934, Aikawa "separated the expanded automobile parts division of Tobata Casting and incorporated it as a new subsidiary, which he named Nissan Motor (Nissan)". Nissan Motor Co., Ltd. (日産自動車 Nissan Jidōsha?). The shareholders of the new company however were not enthusiastic about the prospects of the automobile in Japan, so Aikawa bought out all the Tobata Casting shareholders (using capital from Nippon Industries) in June, 1934. At this time Nissan Motors effectively became owned by Nippon Sangyo and Hitachi.[9]
Nissan built trucks, airplanes, and engines for the Japanese military. The company's main plant was moved to China after land there was captured by Japan. The plant made machinery for the Japanese war effort until it was captured by American and Russian forces. From 1947 to 1948 the company was called Nissan Heavy Industries Corp.
[edit]Nissan's early American connection
DAT had inherited Kubota's chief designer, American William R. Gorham. This, along with Aikawa's inspiring 1908 visit to Detroit, was to greatly affect Nissan's future.
Although it had always been Aikawa's intention to use cutting-edge auto making technology from America, it was Gorham that carried out the plan. All the machinery, vehicle designs and engine designs originally came out of the United States. Much of the tooling came from the Graham factory and Nissan had a Graham license under which trucks were made. The machinery was imported into Japan by Mitsubishi[10] on behalf of Nissan, which went into the first Yokohama factory to produce cars.
[edit]Austin Motor Company
In early 1950s, Nissan partnered with an established European company to gain access to up-to-date automobile and engine designs. Nissan chose Austin of the United Kingdom, which later became the British Motor Corporation by its merger with Morris et al. Nissan began building Austin 7s in 1930, though the legitimacy of their license at that time is debated. After the success of Nissan, Hino and Isuzu followed to partner with Renault and Hillman respectively.[11]
In 1952 Nissan Motor Company of Japan entered into a legal agreement with Austin ,[12] for Nissan to assemble 2,000 Austins from imported partially assembled sets and sell them in Japan under the Austin trademark. The agreement called for Nissan to make all Austin parts locally within three years, a goal Nissan met. Nissan produced and marketed Austins for seven years. The agreement also gave Nissan rights to use Austin patents, which Nissan used in developing its own engines for its Datsun line of cars. In 1953 British-built Austins were assembled and sold, but by 1955, the Austin A50 – completely built by Nissan and featuring a slightly larger body with new 1489 cc engine—was on the market in Japan. Nissan produced 20,855 Austins from 1953–1959.[13]
Nissan leveraged the Austin patents to further develop their own modern engine designs past what the Austin's A- and B-family designs offered. The apex of the Austin-derived engines was the new design A series engine in 1967. Also in 1967 Nissan introduced its new highly advanced four cylinder overhead cam (OHC) Nissan L engine, which while similar to Mercedes-Benz OHC designs was a totally new engine designed by Nissan. This engine powered the new Datsun 510, which gained Nissan respect in the worldwide sedan market. Then, in 1969 Nissan introduced the Datsun 240Z sports car which used a six-cylinder variation of the L series engine. The 240Z was an immediate sensation and lifted Nissan to world class status in the automobile market.[citation needed]
[edit]Merger with Prince Motor Company
In 1966, Nissan merged with the Prince Motor Company, bringing more upmarket cars, including the Skyline and Gloria, into its selection. The Prince name was eventually abandoned, and successive Skylines and Glorias bore the Nissan name. "Prince," however, is still used in the names of certain Japanese Nissan dealerships.
[edit]Foreign expansion
In the 1950s, Nissan decided to expand into worldwide markets. Nissan management realized their Datsun small car line would fill an unmet need in markets such as Australia and the world's largest car market, the United States. They first showed cars at the 1959 Los Angeles Auto Show and sold a few that year in the United States. The company formed a U.S. subsidiary, Nissan Motor Corporation U.S.A., in 1959, headed by Yutaka Katayama. Nissan continued to improve their sedans with the latest technological advancements and chic Italianate styling in sporty cars such as the Datsun Fairlady roadsters, the race-winning 411 series, the Datsun 510 and the world-class Datsun 240Z, and by 1970, they had become one of the world's largest exporters of automobiles.


Nissan GT-R
In the wake of the 1973 oil crisis, consumers worldwide (especially in the lucrative U.S. market) began turning in rapidly increasing numbers to high-quality small economy cars. To meet the growing demand, the company built new factories in Mexico, Australia, Taiwan and South Africa.
The "Chicken Tax" of 1964 placed a 25% tax on imported commercial vans.[14] In response, Nissan, Toyota Motor Corp. and Honda Motor Co. began building plants in the U.S. in the early 80s.[14]
Nissan's initial assembly plant, in Smyrna, Tennessee, at first built only trucks such as the 720 and Hardbody, but has since expanded to produce several car and SUV lines, including the Altima, Maxima, Xterra and Pathfinder. An engine plant in Decherd, Tennessee followed, and most recently a second assembly plant in Canton, Mississippi.
In 1998 Nissan announced that it was selling one of its headquarter buildings to the Mori Group for $107.8 million.[15]
In order to overcome export tariffs and delivery costs to its European customers, Nissan contemplated establishing a plant in Europe. After an extensive review, Sunderland in the north east of the United Kingdom was chosen for the local availability of a highly skilled workforce and its position near major ports. The plant was completed in 1986 as the subsidiary Nissan Motor Manufacturing (UK) Ltd. By 2007, it was producing 400,000 vehicles per year, landing it the highly coveted title of the most productive plant in Europe.
Financial difficulties (approaching billions) in Australia in the late 1980s caused Nissan to cease production there. Due to the "Button Plan" the Australian operation was unique as the Nissan products were also rebranded both by General Motors Holden: Pulsar as the Holden Astra), and Ford: Bluebird as the Ford Corsair).
In 2001 stablished a manufacturing plant in Brazil, in 2005, Nissan setup operations in India, through its subsidiary Nissan Motors India Pvt. Ltd.[16] With its global alliance partner, Renault, Nissan is investing $920 million to set up a manufacturing facility in Chennai to cater to the Indian market as well as a base for exports of small cars to Europe.[17]
Nissan sold nearly 520,000 new vehicles in China in 2009 in joint venture with Dongfeng Motor, and aims for 1 million in 3 or 4 years. To meet that target, Dongfeng-Nissan is expanding its production base in Guangzhou, which would become Nissan's largest factory around the globe in terms of production capacity upon completion.[18]
[edit]Relationship with Ford Motor Company
From 1993 to 2002, Nissan partnered with Ford to market the Mercury Villager and the Nissan Quest. The two minivans were manufactured with all the same parts and were virtually identical aside from several cosmetic differences. In 2002, Ford discontinued the Villager to make room for its Freestar and Monterey. Nissan brought out a new version of the Quest in 2004, which was designed in-house and no longer bore any relation to Ford's models.
In 1992, Nissan relaunched its Terrano four-wheel drive, which was cosmetically and mechanically identical to the Ford Maverick. Both cars were built in Spain. Although the Maverick was discontinued in 1998 due to disappointing sales, the Nissan Terrano was a strong seller and remained in production until 2005, when it was replaced by the Nissan Pathfinder.
[edit]Trucks


2006 Nissan Titan King Cab
The Nissan Titan was introduced in 2004, as a full-size pickup truck produced for the North American market, the truck shares the stretched Nissan F-Alpha platform with the Nissan Armada and Infiniti QX56 SUVs.
The Titan features a 32 valve 5.6 L VK56DE V8 engine which generates 317 hp, and is capable of towing approximately 9500 pounds. The Nissan Titan comes in four basic trim levels: XE, SE, Pro-4X, and LE; that for the 2011 it will be S, SV, PRO-4X and SL.The trim levels are combinations of the features offered on the truck. It was listed by Edmunds.com as the best full-size truck. The Titan was nominated for the North American Truck of the Year award for 2004.
[edit]Alliance with Renault
In 1999, with Nissan facing severe financial difficulties, Nissan entered an alliance with Renault S.A. of France.[19]
Signed on March 27, 1999, the Renault-Nissan Alliance is the first of its kind involving a Japanese and French car manufacturer, each with its own distinct corporate culture and brand identity. The same year, Renault appointed its own Chief Operating Officer, Carlos Ghosn, as Chief Operating Officer of Nissan and took a 22.5% stake in Nissan Diesel. Later that year, Nissan fired its top Japanese executives.
The Renault-Nissan Alliance has evolved over years to Renault holding 44.3% of Nissan shares, while Nissan holds 15% of Renault shares which does not give Nissan a voting or board representation due to legal restriction in France.
Under CEO Ghosn's "Nissan Revival Plan" (NRP), the company has rebounded in what many leading economists consider to be one of the most spectacular corporate turnarounds in history, catapulting Nissan to record profits and a dramatic revitalization of both its Nissan and Infiniti model line-ups. In 2001, the company initiated Nissan 180, capitalizing on the success of the NRP. The targets set with 180 were an additional sale of 1 million cars, achieving operating margins of 8%, and to have zero automotive debts. Ghosn has been recognized in Japan for the company's turnaround in the midst of an ailing Japanese economy. Ghosn and the Nissan turnaround were featured in Japanese manga and popular culture. His achievements in revitalizing Nissan were noted by Japanese Government, which awarded him the Japan Medal with Blue Ribbon in 2004.[20]
[edit]Expansion of alliance to include both Daimler and Renault


Nissan Motors New Headquarters under construction in April 2008
On April 7, 2010, Daimler AG exchanged a 3.9% share of its holdings for 3.9% from both Nissan and Renault. This triple alliance allows for the increased sharing of technology and development costs, encouraging global cooperation and mutual development.[21] The alliance with Daimler is believed to have a focus on battery/electric technologies.
[edit]Nissan Motor Co v. Nissan Computer Corporation

In December 1999, legal action was instituted by Nissan Motors seeking $10,000,000 in damages from Uzi Nissan, president of Nissan Computer. In December 2002, Uzi Nissan was handed an injunction restricting his use of the Nissan name and the domains Nissan.com and Nissan.net which he owns.
In 2004, the Ninth Circuit Court of Appeals, allowed Nissan Computer to appeal the case, which resulted in reversal of some findings previously in favor of Nissan Motors.[22]
On February 5, 2008, Final Judgement was entered for the case, with Nissan Computer being awarded costs and neither party prevailing.[23] Immediately following the ruling, Nissan Motors filed a trademark application for Computer Equipment in March 2008,[24] viewed by some as an attempt to acquire the domain through UDRP, an arbitration panel proceeding which often finds in favor of trademark holders.
[edit]Recent news



Current CEO Carlos Ghosn has been credited with reviving Nissan
In 2010, Nissan announced that its hybrid technology is no longer based on Toyota's.
On April 7, 2010, Daimler AG exchanged a 3.9% share of its holdings for 3.9% from both Nissan and Renault. This triple alliance allows for the increased sharing of technology and development costs, encouraging global cooperation and mutual development.[21]
The Nissan Note and Qashqai in the UK are both produced at their UK factory in Sunderland, Tyne & Wear. On January 9, 2009, it was announced that 1,200 jobs were to be cut at the Sunderland plant. The decision was blamed on economic reasons, including a downturn in the car selling market. Nissan's senior vice-president for manufacturing in Europe, Trevor Mann, said the company was "right-sizing our operations to the market demand."[25]
Nissan also produces cars at its factory at Roslyn, near Pretoria, South Africa.
Nissan North America relocated its headquarters from Gardena, California to the Nashville, Tennessee area in July 2006. A new headquarters, Nissan Americas, was dedicated on July 22, 2008, in Cool Springs (Nashville, Tennessee). Approximately 1500 employees work in the facility.
On June 30, 2006, General Motors convened an emergency board meeting to discuss a proposal by shareholder Kirk Kerkorian to form an alliance between GM and Renault-Nissan. On October 4, 2006, however, GM and Nissan terminated talks because of the chasm between the two companies related to compensation to GM from Nissan.
On May 17, 2006 Nissan released the Atlas 20 hybrid truck in Japan. It released a Cabstar hybrid truck at the 2006 Hannover Fair.
The company's head office moved from Tokyo back to Yokohama in August 2009.
On February 23, 2008 The Tamil Nadu state government (India) signed a memorandum of understanding (MoU) with auto manufacturing consortium, Mahindra-Renault- Nissan to set up a production unit at Oragadam in suburban Madras.
The consortium comprising Indian auto major Mahindra and Mahindra, Renault (France) and Nissan (Japan) will begin with an initial investment of Rs4000 crore to manufacture nearly 50,000 tractors every year other than cars, utility vehicles and spare parts. The project is expected to increase Tamil Nadu’s Gross Domestic Product (GDP) by Rs18,000 crore annually while providing 41,000 jobs.
Nissan began development of fuel-cell vehicles (FCVs) in 1996 and launched limited lease sales of the X-Trail FCV in Japan in fiscal year 2003.
In 2002, Toyota and Nissan agree to tie-up on hybrid technologies, and in 2004, Nissan unveiled the Altima hybrid prototype.
[edit]Vehicle recalls
On March 2, 2010 Nissan announced the recall of 540,000 vehicles to fix brake pedals and gas gauges. The brake pedal recall affects 179,000 vehicles in the US and about 26,000 in the Middle East, Canada, Russia and several other countries.
Certain 2008 to 2010 Nissan Titan pickups, Infiniti QX56 and Nissan Armada Sports Utility Vehicles, and some 2008 and 2009 Nissan Quest minivans are being recalled.[26]
Nissan also announced the recall of several models of trucks and SUVs, including 2004–2006 Armadas and Titans, 2005–2006 Infiniti QX56s, and Frontiers, Pathfinders and Xterras made in August 2003 and June 2006. The recall was made in response to a risk that the electrical relays in the engine control modules for those vehicles may fail, possibly rendering the engine inoperable. The recall affects about 2,200,000 cars worldwide.[27]
In May 2011, the National Highway Traffic Safety Administration launched an investigation of the 2007 and 2008 Altimas over leakage issues, which could lead to recalls.[28]
[edit]Environmental record



Nissan Leaf at the 2010 Washington Auto Show, where it was announced as winner of the 2010 Green Car Vision Award by the Green Car Journal.
Prior to announcements about the Nissan Leaf, Nissan Motors has had no special environmental record, at least as perceived relative to its competition. This may change in the future owing to a new emphasis on the development, production and marketing of electric automobiles. Nissan is planning to sell electric cars in the US coastal markets by December 2010, and within the US interior by June 2011. The company claims its EV model, the Nissan Leaf, has a maximum speed of 90 mph (140 km/h) and can go 100 miles per charge. It is projected to take eight hours to charge the car fully. Nissan's car uses a lithium ion battery. The vehicle is intended for short distances, and is not meant for replacing traditional cars for long trips. As with other electric cars these products from Nissan won't emit pollutants from their exhaust. Any pollution involved in their operation would come from the production of the electricity needed to charge the car, depending on the type of power generation facility.[29] Nissan has chosen to develop 100 percent electric cars rather than biofuel or ethanol running cars based upon cost analysis.[30] On May 12, 2009, Nissan announced the company will produce EVs at its Oppama plant from fall 2010 with capacity of 50,000 units a year. Batteries for EVs will be supplied by Automotive Energy Supply Corporation, a joint-venture between Nissan (51%), NEC Corporation (42%) and NEC TOKIN Corporation (7%).[31] In July 2011, the solar charging port of Nissan – construction on a 30-car solar charging station outside of the future Smyrna Vehicle Assembly Plant in Tennessee – is expected to be completed. And it will use renewable energy to charge the Nissan Leafs that will be produced there in 2012.[32]
[edit]Leadership

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Tuesday, September 20, 2011

Volkswagen Group

1998-2005 Volkswagen New Beetle photographed i...Image via Wikipedia
Volkswagen Group (sometimes abbreviated to VW Group[5]) is a German automobile manufacturing group. As of 2010, Volkswagen was ranked as the world’s third largest motor vehicle manufacturer and Europe's largest.[6][7]
The Group's parent company Volkswagen Aktiengesellschaft,[8] usually abbreviated to Volkswagen AG, develops vehicles and components for all marques of the whole group, and also manufactures complete vehicles for the Volkswagen Passenger Cars and Volkswagen Commercial Vehicles marques.[8] Volkswagen Group is divided into two primary divisions: the Automotive Division, and the Financial Services Division.[1] The Group consists of 342 Group companies, which are involved in either vehicle production or other related automotive services.[1]
Contents [hide]
1 Overview
2 History
3 Volkswagen AG ownership
3.1 Share information
4 Leadership
5 Ranking
6 Corporate structure, brands and companies
6.1 Recent acquisitions
6.1.1 Wilhelm Karmann GmbH
6.1.2 Suzuki Motor Corporation
6.1.3 Italdesign Giugiaro S.p.A.
6.2 Postponed merger with Dr. Ing. h.c. F. Porsche AG
7 Sponsorships
8 See also
9 References
10 External links
[edit]Overview

Volkswagen Passenger Cars is Volkswagen Group's original marque, and the Group's other major subsidiaries include passenger car marques such as Audi, Bentley, Bugatti, Lamborghini, Porsche, SEAT, and Škoda. Volkswagen AG also has operations in commercial vehicles, owning Volkswagen Commercial Vehicles, along with a controlling stake in the Swedish truck and diesel engine manufacturer Scania AB, and a 55.9% stake in MAN SE.[9] Volkswagen AG and Porsche SE reached an agreement in August 2009 that the merger of Porsche SE with Volkswagen would be completed in the course of 2011.[10][11]
Rooted in Europe, the Volkswagen Group operates worldwide. In 2010, Volkswagen Group's largest single country market was China with 1,924,649 units delivered, followed by Germany with 1,038,596 units. Divided by regions, Western Europe is the largest market of the Volkswagen Group with 2,902,948 units in 2010, followed by Asia-Pacific with 2,145,787 units and South America with 907,778 units delivered in 2010.[2]
[edit]History

This section requires expansion.
Volkswagen was founded on 28 May 1937 as the Gesellschaft zur Vorbereitung des Deutschen Volkswagens mbH[12] ("Society for the preparation of the German People's Car", sometimes abbreviated to Gezuvor[13]) by the Nazi Deutsche Arbeitsfront[14] (German Labour Front). The purpose of the company was to manufacture the Porsche Type 60, later better known as the Volkswagen Beetle.[12] On 16 September 1938, the company was renamed Volkswagenwerk GmbH[12] ("Volkswagen Factory limited liability company").
During World War II the Volkswagen plant near Fallersleben primarily manufactured the military Kübelwagen (Porsche Type 82) and the related amphibious Schwimmwagen (Type 166), both of which were derived from the VW Beetle. Only a small number of Beetles were made during this time period. The plant also manufactured the V-1 flying bomb, also known as the "Buzz Bomb" or "Doodlebug", making the plant a major bombing target for the Allied forces. Much of the workforce at the plant was slave labor, primarily from eastern Europe.
After the Second World War in Europe, in June 1945, Major Ivan Hirst[12] of the British Army Royal Electrical and Mechanical Engineers (REME) took control of the bomb-shattered factory, and tried to dismantle it and ship it home. However, no British car manufacturer was interested; "the vehicle does not meet the fundamental technical requirement of a motor-car ... it is quite unattractive to the average buyer ... To build the car commercially would be a completely uneconomic enterprise".[15] In 1948, the Ford Motor Company was offered Volkswagen, but Ernest Breech, a Ford executive vice president said he didn't think either the plant or the car was "worth a damn."[16] As part of the Industrial plans for Germany, large parts of German industry, including Volkswagen, were to be dismantled. Total German car production was set at a maximum of 10% of the 1936 car production numbers.[17] The company survived by producing cars for the British Army, and in 1948, the British Government handed the company back over to the German state, where it was managed by former-Opel chief Heinrich Nordhoff.


Volkswagen's Golf is the third best-selling car in the world, selling over 26 million through 2008
Production of the Type 1 Volkswagen Beetle started slowly after the war due to the need to rebuild the plant and because of the lack of raw materials, but production grew rapidly in the 1950s and 1960s. The company began introducing new models based on the Beetle, all with the same basic air-cooled, rear-engine, rear-drive platform. These included the Volkswagen Type 2 in 1950, the Volkswagen Karmann Ghia in 1955, the Volkswagen Type 3 in 1961, the Volkswagen Type 4 in 1968, and the Volkswagen Type 181 in 1969.
In 1960, upon the flotation of part of the German federal government's stake in the company on the German stock market, its name became Volkswagenwerk Aktiengesellschaft (usually abbreviated to Volkswagenwerk AG).
On 1 January 1965, Volkswagenwerk acquired Auto Union GmbH from its parent company Daimler-Benz. The new subsidiary went on to produce the first post-war Audi models, the Audi F103 series, shortly afterwards.[18]
Another German manufacturer, NSU Motorenwerke AG, was merged into Auto Union on 26 August 1969, creating a new company, Audi NSU Auto Union AG (later renamed AUDI AG in 1985).[18]
From the late 1970s to 1992, the acronym V.A.G was used by Volkswagen AG as a brand for group-wide activities, such as distribution and leasing. Contrary to popular belief, "V.A.G" had no official meaning, and was never the name of the Volkswagen Group.[19]
On 30 September 1982, Volkswagenwerk made its first step expanding outside of Germany by signing a co-operation agreement with the Spanish car manufacturer SEAT, S.A..[18]
In order to reflect the company's increasing global diversification from its headquarters and main plant (the Volkswagenwerk in Wolfsburg), on 4 July 1985, the company name was changed again – to Volkswagen Aktiengesellschaft (Volkswagen AG).
On 18 June 1986, Volkswagen AG acquired a 51% controlling stake in SEAT making it the first non-German subsidiary of the Volkswagen Group. On 23 December the same year, it became the Spanish company's major shareholder by increasing its share up to 75%.[18]
In 1990 – after purchasing its entire equity – Volkswagen AG took over the full ownership of SEAT making the company a wholly owned subsidiary, and on 28 March 1991 another step to the expansion of the group's activities was made through the signing of a joint venture partnership agreement with Škoda automobilová a.s. of Czechoslovakia, accompanied with the acquisition of a 30% stake in the Czech car manufacturer,[18] raised later on 19 December 1994 to 60.3% and the year after, on 11 December 1995, to 70% of its shares.[20]
Three prestige automotive marques were added to the Volkswagen portfolio in 1998: Bentley, Lamborghini and Bugatti.[18]
On 30 May 2000, Volkswagen AG – after having gradually raised its equity share – turned Škoda Auto into a wholly owned subsidiary.[18]
From 2002 up to 2007, the Volkswagen Group's automotive division was restructured so that two major Brand Groups with differentiated profile would be formed,[21] the Audi Brand Group focused on more sporty values – consisted of Audi, SEAT and Lamborghini – and the Volkswagen Brand Group on the field of classic values – consisted of Volkswagen, Skoda, Bentley and Bugatti[22][23] – with each Brand Group's product vehicles and performance being respectively under the higher responsibility of Audi and Volkswagen brands.
[edit]Volkswagen AG ownership


This section needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. (December 2009)

Parts of this section (those related to shareholder detail) are outdated. Please update this section to reflect recent events or newly available information. Please see the talk page for more information. (December 2009)
Under the so-called "Volkswagen Law", no shareholder in Volkswagen AG could exercise more than 20 percent of the firm's voting rights, regardless of their level of stock holding.[24] In October 2005, Porsche acquired an 18.53 percent stake in the business, and in July 2006, Porsche increased that ownership to more than 25 percent. Analysts disagreed as to whether the investment was a good fit for Porsche's strategy.[25]
On 26 March 2007, after the European Union moved against a German law that protected Volkswagen Group from takeovers,[26] Porsche took its holding to 30.9 percent, triggering a takeover bid under German law. Porsche formally announced in a press statement that it did not intend to take over Volkswagen Group, setting its offer price at the lowest possible legal value, but intended the move to avoid a competitor taking a large stake, or to stop hedge funds dismantling Volkswagen Group, which is Porsche's most important partner.[27] On 3 March 2008, Porsche announced that it has decided to increase its Volkswagen AG stake up to 51 percent, which would be completed before the end of the year. This was announced just hours after VWAG declared it would take a majority stake in the Swedish truck and engine maker Scania.[28] On 16 September 2008, Porsche announced that the company had increased its stake in Volkswagen AG to 35 percent.[29] As of October 2008, Porsche held 42.6 percent of Volkswagen AG's ordinary shares, and holds stock options on another 31.5 percent.[citation needed] On 28 October 2008, Porsche announced that they effectively held over 74 percent; 42.6 percent actual shares, and the rest as convertible options. It was announced on 7 January 2009 that Porsche now owns 50.76 percent of Volkswagen AG.[30] Volkswagen AG briefly became the world's most valuable company, as the stock price rose to over €1,000 per share as short sellers tried to cover their positions.[31]
The current share ownership of Volkswagen AG is distributed as follows:[32]
In percent of subscribed capital as of 31 December 2010:
Percentage Shareholder name
32.2% Porsche Automobil Holding SE
23.3% Foreign institutional investors
16.4% Qatar Holding LLC
12.9% State of Lower Saxony
11.0% Private shareholders / others
2.9% German institutional investors
1.3% Porsche Holding GmbH, Salzburg
In percent of current voting rights as of 31 December 2010:
Percentage Shareholder name
50.74% Porsche Automobil Holding SE, Stuttgart
20.00% State of Lower Saxony, Hanover
17.00% Qatar Holding
2.37% Porsche GmbH, Salzburg
9.89% Others

[edit]Share information
Volkswagen AG shares are primarily traded on the Frankfurt Stock Exchange,[33] and are listed under the 'VOW' and 'VOW3' stock ticker symbols. First listed in August 1961, the shares were issued at a price of DM 350 per DM 100 share,[33] Volkswagen AG shares are now separated into two different types or classes: 'ordinary shares' and 'preference shares'.[33] The ordinary shares are now traded under the WKN 766400 and ISIN DE0007664005 listings, and the preference shares under the WKN 766403 and ISIN DE0007664039 listings.[33]
Volkswagen AG shares are also listed and traded on other major domestic and worldwide stock exchanges. In Germany's domestic exchanges, since 1961 these include those in Berlin, Düsseldorf, Hamburg, Hanover, Munich and Stuttgart. International exchanges include those in Basel (listed in 1967), Geneva (1967), Zürich (1967), Luxembourg (1979), London (1988), and New York (1988).[33]
Since the start of trading in 1961, Volkswagen AG shares have been subjected to two stock splits – the first was on 17 March 1969 when they were split at a ratio of 2:1, from a DM 100 share to a DM 50 share. The second split occurred on 6 July 1998, the DM 50 share being converted into a share of no overall nominal value, at a ratio of 1:10.[33]
From 23 December 2009, Volkswagen AG preferred shares replaced its ordinary shares in the DAX index.[34]
[edit]Leadership

Volkswagen (mbH, GmbH, AG) leaders
From To Person(s)
1937 1945 Bodo Lafferentz, Ferdinand Porsche, Jakob Werlin[35]
June 1945 January 1948 Ivan Hirst (REME)[12]
2 January 1948 1967 Heinrich Nordhoff
1968 1971 Kurt Lotz
1971 1975 Rudolf Leiding
1975 1982 Toni Schmücker
1982 1993 Carl Hahn
1 January 1993 16 April 2002 Ferdinand K. Piëch
16 April 2002 31 December 2006 Bernd Pischetsrieder
1 January 2007 present Martin Winterkorn
[edit]Ranking

Top 3 Automakers Global, 2010
Group Units share
Toyota 8,557,351 11.0%
G.M. 8,476,192 10.9%
Volkswagen 7,341,065 9.4%
Top 3 automakers 2010 by global volume, based on OICA data. Market share based on OICA 2010 global total of 77,743,862
The worldwide ranking of automakers is compiled once per year by the International Organization of Motor Vehicle Manufacturers OICA. In 2010, the Volkswagen Group ranked third on the list with 7.3 million units produced globally.[6]
Top 3 Automakers EU27, 2010
Group Units share
Volkswagen 2,831,039 21.2
PSA 1,805,275 13.5
RENAULT 1,387,645 10.4
Top 3 automakers 2010 by EU27 volume, based on ACEA data
The European ranking of automakers is compiled monthly by the European Auto Manufacturers' Association ACEA. By the end of 2010, the Volkswagen Group was the number one automaker in Europe with 2.8 million units sold in the EU27.[7] Volkswagen has held the top spot in Europe uninterrupted for more than two decades.[36] By the middle of 2011, former global leader Toyota had fallen to place three, with GM first and Volkswagen second. However, the annual ranking is established once per year, with the OICA list usually published in late July or early August of the following year. Officially, the 2010 ranking will remain in place until the 2011 ranking is announced by summer of 2012.[37][38]

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Volkswagen Group

1998-2005 Volkswagen New Beetle photographed i...Image via Wikipedia
Volkswagen Group (sometimes abbreviated to VW Group[5]) is a German automobile manufacturing group. As of 2010, Volkswagen was ranked as the world’s third largest motor vehicle manufacturer and Europe's largest.[6][7]
The Group's parent company Volkswagen Aktiengesellschaft,[8] usually abbreviated to Volkswagen AG, develops vehicles and components for all marques of the whole group, and also manufactures complete vehicles for the Volkswagen Passenger Cars and Volkswagen Commercial Vehicles marques.[8] Volkswagen Group is divided into two primary divisions: the Automotive Division, and the Financial Services Division.[1] The Group consists of 342 Group companies, which are involved in either vehicle production or other related automotive services.[1]
Contents [hide]
1 Overview
2 History
3 Volkswagen AG ownership
3.1 Share information
4 Leadership
5 Ranking
6 Corporate structure, brands and companies
6.1 Recent acquisitions
6.1.1 Wilhelm Karmann GmbH
6.1.2 Suzuki Motor Corporation
6.1.3 Italdesign Giugiaro S.p.A.
6.2 Postponed merger with Dr. Ing. h.c. F. Porsche AG
7 Sponsorships
8 See also
9 References
10 External links
[edit]Overview

Volkswagen Passenger Cars is Volkswagen Group's original marque, and the Group's other major subsidiaries include passenger car marques such as Audi, Bentley, Bugatti, Lamborghini, Porsche, SEAT, and Škoda. Volkswagen AG also has operations in commercial vehicles, owning Volkswagen Commercial Vehicles, along with a controlling stake in the Swedish truck and diesel engine manufacturer Scania AB, and a 55.9% stake in MAN SE.[9] Volkswagen AG and Porsche SE reached an agreement in August 2009 that the merger of Porsche SE with Volkswagen would be completed in the course of 2011.[10][11]
Rooted in Europe, the Volkswagen Group operates worldwide. In 2010, Volkswagen Group's largest single country market was China with 1,924,649 units delivered, followed by Germany with 1,038,596 units. Divided by regions, Western Europe is the largest market of the Volkswagen Group with 2,902,948 units in 2010, followed by Asia-Pacific with 2,145,787 units and South America with 907,778 units delivered in 2010.[2]
[edit]History

This section requires expansion.
Volkswagen was founded on 28 May 1937 as the Gesellschaft zur Vorbereitung des Deutschen Volkswagens mbH[12] ("Society for the preparation of the German People's Car", sometimes abbreviated to Gezuvor[13]) by the Nazi Deutsche Arbeitsfront[14] (German Labour Front). The purpose of the company was to manufacture the Porsche Type 60, later better known as the Volkswagen Beetle.[12] On 16 September 1938, the company was renamed Volkswagenwerk GmbH[12] ("Volkswagen Factory limited liability company").
During World War II the Volkswagen plant near Fallersleben primarily manufactured the military Kübelwagen (Porsche Type 82) and the related amphibious Schwimmwagen (Type 166), both of which were derived from the VW Beetle. Only a small number of Beetles were made during this time period. The plant also manufactured the V-1 flying bomb, also known as the "Buzz Bomb" or "Doodlebug", making the plant a major bombing target for the Allied forces. Much of the workforce at the plant was slave labor, primarily from eastern Europe.
After the Second World War in Europe, in June 1945, Major Ivan Hirst[12] of the British Army Royal Electrical and Mechanical Engineers (REME) took control of the bomb-shattered factory, and tried to dismantle it and ship it home. However, no British car manufacturer was interested; "the vehicle does not meet the fundamental technical requirement of a motor-car ... it is quite unattractive to the average buyer ... To build the car commercially would be a completely uneconomic enterprise".[15] In 1948, the Ford Motor Company was offered Volkswagen, but Ernest Breech, a Ford executive vice president said he didn't think either the plant or the car was "worth a damn."[16] As part of the Industrial plans for Germany, large parts of German industry, including Volkswagen, were to be dismantled. Total German car production was set at a maximum of 10% of the 1936 car production numbers.[17] The company survived by producing cars for the British Army, and in 1948, the British Government handed the company back over to the German state, where it was managed by former-Opel chief Heinrich Nordhoff.


Volkswagen's Golf is the third best-selling car in the world, selling over 26 million through 2008
Production of the Type 1 Volkswagen Beetle started slowly after the war due to the need to rebuild the plant and because of the lack of raw materials, but production grew rapidly in the 1950s and 1960s. The company began introducing new models based on the Beetle, all with the same basic air-cooled, rear-engine, rear-drive platform. These included the Volkswagen Type 2 in 1950, the Volkswagen Karmann Ghia in 1955, the Volkswagen Type 3 in 1961, the Volkswagen Type 4 in 1968, and the Volkswagen Type 181 in 1969.
In 1960, upon the flotation of part of the German federal government's stake in the company on the German stock market, its name became Volkswagenwerk Aktiengesellschaft (usually abbreviated to Volkswagenwerk AG).
On 1 January 1965, Volkswagenwerk acquired Auto Union GmbH from its parent company Daimler-Benz. The new subsidiary went on to produce the first post-war Audi models, the Audi F103 series, shortly afterwards.[18]
Another German manufacturer, NSU Motorenwerke AG, was merged into Auto Union on 26 August 1969, creating a new company, Audi NSU Auto Union AG (later renamed AUDI AG in 1985).[18]
From the late 1970s to 1992, the acronym V.A.G was used by Volkswagen AG as a brand for group-wide activities, such as distribution and leasing. Contrary to popular belief, "V.A.G" had no official meaning, and was never the name of the Volkswagen Group.[19]
On 30 September 1982, Volkswagenwerk made its first step expanding outside of Germany by signing a co-operation agreement with the Spanish car manufacturer SEAT, S.A..[18]
In order to reflect the company's increasing global diversification from its headquarters and main plant (the Volkswagenwerk in Wolfsburg), on 4 July 1985, the company name was changed again – to Volkswagen Aktiengesellschaft (Volkswagen AG).
On 18 June 1986, Volkswagen AG acquired a 51% controlling stake in SEAT making it the first non-German subsidiary of the Volkswagen Group. On 23 December the same year, it became the Spanish company's major shareholder by increasing its share up to 75%.[18]
In 1990 – after purchasing its entire equity – Volkswagen AG took over the full ownership of SEAT making the company a wholly owned subsidiary, and on 28 March 1991 another step to the expansion of the group's activities was made through the signing of a joint venture partnership agreement with Škoda automobilová a.s. of Czechoslovakia, accompanied with the acquisition of a 30% stake in the Czech car manufacturer,[18] raised later on 19 December 1994 to 60.3% and the year after, on 11 December 1995, to 70% of its shares.[20]
Three prestige automotive marques were added to the Volkswagen portfolio in 1998: Bentley, Lamborghini and Bugatti.[18]
On 30 May 2000, Volkswagen AG – after having gradually raised its equity share – turned Škoda Auto into a wholly owned subsidiary.[18]
From 2002 up to 2007, the Volkswagen Group's automotive division was restructured so that two major Brand Groups with differentiated profile would be formed,[21] the Audi Brand Group focused on more sporty values – consisted of Audi, SEAT and Lamborghini – and the Volkswagen Brand Group on the field of classic values – consisted of Volkswagen, Skoda, Bentley and Bugatti[22][23] – with each Brand Group's product vehicles and performance being respectively under the higher responsibility of Audi and Volkswagen brands.
[edit]Volkswagen AG ownership


This section needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. (December 2009)

Parts of this section (those related to shareholder detail) are outdated. Please update this section to reflect recent events or newly available information. Please see the talk page for more information. (December 2009)
Under the so-called "Volkswagen Law", no shareholder in Volkswagen AG could exercise more than 20 percent of the firm's voting rights, regardless of their level of stock holding.[24] In October 2005, Porsche acquired an 18.53 percent stake in the business, and in July 2006, Porsche increased that ownership to more than 25 percent. Analysts disagreed as to whether the investment was a good fit for Porsche's strategy.[25]
On 26 March 2007, after the European Union moved against a German law that protected Volkswagen Group from takeovers,[26] Porsche took its holding to 30.9 percent, triggering a takeover bid under German law. Porsche formally announced in a press statement that it did not intend to take over Volkswagen Group, setting its offer price at the lowest possible legal value, but intended the move to avoid a competitor taking a large stake, or to stop hedge funds dismantling Volkswagen Group, which is Porsche's most important partner.[27] On 3 March 2008, Porsche announced that it has decided to increase its Volkswagen AG stake up to 51 percent, which would be completed before the end of the year. This was announced just hours after VWAG declared it would take a majority stake in the Swedish truck and engine maker Scania.[28] On 16 September 2008, Porsche announced that the company had increased its stake in Volkswagen AG to 35 percent.[29] As of October 2008, Porsche held 42.6 percent of Volkswagen AG's ordinary shares, and holds stock options on another 31.5 percent.[citation needed] On 28 October 2008, Porsche announced that they effectively held over 74 percent; 42.6 percent actual shares, and the rest as convertible options. It was announced on 7 January 2009 that Porsche now owns 50.76 percent of Volkswagen AG.[30] Volkswagen AG briefly became the world's most valuable company, as the stock price rose to over €1,000 per share as short sellers tried to cover their positions.[31]
The current share ownership of Volkswagen AG is distributed as follows:[32]
In percent of subscribed capital as of 31 December 2010:
Percentage Shareholder name
32.2% Porsche Automobil Holding SE
23.3% Foreign institutional investors
16.4% Qatar Holding LLC
12.9% State of Lower Saxony
11.0% Private shareholders / others
2.9% German institutional investors
1.3% Porsche Holding GmbH, Salzburg
In percent of current voting rights as of 31 December 2010:
Percentage Shareholder name
50.74% Porsche Automobil Holding SE, Stuttgart
20.00% State of Lower Saxony, Hanover
17.00% Qatar Holding
2.37% Porsche GmbH, Salzburg
9.89% Others

[edit]Share information
Volkswagen AG shares are primarily traded on the Frankfurt Stock Exchange,[33] and are listed under the 'VOW' and 'VOW3' stock ticker symbols. First listed in August 1961, the shares were issued at a price of DM 350 per DM 100 share,[33] Volkswagen AG shares are now separated into two different types or classes: 'ordinary shares' and 'preference shares'.[33] The ordinary shares are now traded under the WKN 766400 and ISIN DE0007664005 listings, and the preference shares under the WKN 766403 and ISIN DE0007664039 listings.[33]
Volkswagen AG shares are also listed and traded on other major domestic and worldwide stock exchanges. In Germany's domestic exchanges, since 1961 these include those in Berlin, Düsseldorf, Hamburg, Hanover, Munich and Stuttgart. International exchanges include those in Basel (listed in 1967), Geneva (1967), Zürich (1967), Luxembourg (1979), London (1988), and New York (1988).[33]
Since the start of trading in 1961, Volkswagen AG shares have been subjected to two stock splits – the first was on 17 March 1969 when they were split at a ratio of 2:1, from a DM 100 share to a DM 50 share. The second split occurred on 6 July 1998, the DM 50 share being converted into a share of no overall nominal value, at a ratio of 1:10.[33]
From 23 December 2009, Volkswagen AG preferred shares replaced its ordinary shares in the DAX index.[34]
[edit]Leadership

Volkswagen (mbH, GmbH, AG) leaders
From To Person(s)
1937 1945 Bodo Lafferentz, Ferdinand Porsche, Jakob Werlin[35]
June 1945 January 1948 Ivan Hirst (REME)[12]
2 January 1948 1967 Heinrich Nordhoff
1968 1971 Kurt Lotz
1971 1975 Rudolf Leiding
1975 1982 Toni Schmücker
1982 1993 Carl Hahn
1 January 1993 16 April 2002 Ferdinand K. Piëch
16 April 2002 31 December 2006 Bernd Pischetsrieder
1 January 2007 present Martin Winterkorn
[edit]Ranking

Top 3 Automakers Global, 2010
Group Units share
Toyota 8,557,351 11.0%
G.M. 8,476,192 10.9%
Volkswagen 7,341,065 9.4%
Top 3 automakers 2010 by global volume, based on OICA data. Market share based on OICA 2010 global total of 77,743,862
The worldwide ranking of automakers is compiled once per year by the International Organization of Motor Vehicle Manufacturers OICA. In 2010, the Volkswagen Group ranked third on the list with 7.3 million units produced globally.[6]
Top 3 Automakers EU27, 2010
Group Units share
Volkswagen 2,831,039 21.2
PSA 1,805,275 13.5
RENAULT 1,387,645 10.4
Top 3 automakers 2010 by EU27 volume, based on ACEA data
The European ranking of automakers is compiled monthly by the European Auto Manufacturers' Association ACEA. By the end of 2010, the Volkswagen Group was the number one automaker in Europe with 2.8 million units sold in the EU27.[7] Volkswagen has held the top spot in Europe uninterrupted for more than two decades.[36] By the middle of 2011, former global leader Toyota had fallen to place three, with GM first and Volkswagen second. However, the annual ranking is established once per year, with the OICA list usually published in late July or early August of the following year. Officially, the 2010 ranking will remain in place until the 2011 ranking is announced by summer of 2012.[37][38]

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