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Volkswagen AG (VW; German pronunciation: [ˈfɔlksˌvaːɡŋ̍]) ( listen (help·info)) is a German car manufacturerheadquartered in Wolfsburg, Lower Saxony, Germany. Established in 1937, Volkswagen is the top-selling and namesake marque of the Volkswagen Group, the holding company created in 1975 for the growing company, and is now the world’s largest automaker in the world.
Volkswagen has three cars in the top 10 list of best-selling cars of all time compiled by the website 24/7 Wall St.: theVolkswagen Golf, the Volkswagen Beetle, and the Volkswagen Passat. With these three cars, Volkswagen has the most cars of any automobile manufacturer in the list that are still being manufactured, which includes model names that span multiple revisions and generations.[better source needed]
Volkswagen translates as “People’s Automobile” in German. The company’s current international slogan is “Volkswagen”. In North America, the pronunciation is Americanized to the approximate “folks-wagon” ( listen (help·info)).
Volkswagen was originally created in 1936 by the German Labour Front (Deutsche Arbeitsfront). In the early 1930s, the German auto industry was still largely composed of luxury models, and the average German could rarely afford anything more than a motorcycle. As a result, only one German out of 50 owned a car. Seeking a potential new market, some car makers began independent “peoples’ car” projects – the Mercedes 170H, Adler AutoBahn, Steyr 55, and Hanomag 1.3L, among others.