£3.4 MILLION Volkswagen has been showing off its most outrageous model – a unique version the Golf which cost a staggering £3.4 MILLION. The Volkswagen Golf Design Vision GTI is a one-of-a-kind superhatch fitted with a 3-litre engine boasting 500bhp. It has more than twice the power of a standard Golf GTI and is capable […]
Volkswagen (VW; German pronunciation: ) is a German car manufacturer headquartered 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 second-largest auto maker in the world, behind Toyota. Volkswagen has three cars in the top 10 list of best-selling cars of all time compiled by the website 24/7 Wall St.: the Volkswagen 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.
Volkswagen was originally created in 1937 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.