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Bentley Motors Limited is a British designer, manufacturer and marketer of luxury cars and SUVs. Headquartered in Crewe, England, the company was founded as Bentley Motors Limited by W. O. Bentley (1888–1971) in 1919 in Cricklewood, North London, and became widely known for winning the 24 Hours of Le Mans in 1924, 1927, 1928, 1929 and 1930. Bentley has been a subsidiary of the Volkswagen Group since 1998 and consolidated under VW's premium brand arm Audi since 2022.[14][15]

Bentley Motors Limited
TypeSubsidiary
IndustryAutomotive
Founded18 January 1919; 103 years ago (1919-01-18)
Founders
  • H. M. Bentley
  • W. O. Bentley
Fate
Headquarters,
England[2]
Area served
Worldwide
Key people
Adrian Hallmark
Chairman, CEO[3]
John Paul Gregory
(Head of Exterior Design)[4]
Darren Day
(Head of Interior Design)[5]
Products[6]
Production output
  • 9,107 vehicles (2012)
  • 7,593 vehicles (2011)
[7][8]
ServicesAutomobile customisation
Revenue
  • €1,453 million (2012)
  • €1,119 million (2011)
[7]
Net income
  • €8 million (2011)
  • −€245 million (2010)
[9]
OwnerVolkswagen Group[10]
Number of employees
3,600 (2013)[11]
ParentAudi
Websitebentleymotors.com
Footnotes / references
[12][13]
Bentley winged B badge bonnet (hood) ornament
Bentley winged "B" badge bonnet (hood) ornament

Prominent models extend from the historic sports-racing Bentley 4½ Litre and Bentley Speed Six; the more recent Bentley R Type Continental, Bentley Turbo R, and Bentley Arnage; to its current model line, including the Flying Spur, Continental GT, Bentayga and the Mulsanne—which are marketed worldwide, with China as its largest market as of November 2012.[16]

Today most Bentley models are assembled at the company's Crewe factory, with a small number assembled at Volkswagen's Dresden factory, Germany,[17] and with bodies for the Continental manufactured in Zwickau and for the Bentayga manufactured at the Volkswagen Bratislava Plant.

The joining and eventual separation of Bentley and Rolls-Royce followed a series of mergers and acquisitions, beginning with the 1931 purchase by Rolls-Royce of Bentley, then in receivership. In 1971, Rolls-Royce itself was forced into receivership and the UK government nationalised the company—splitting into two companies the aerospace division (Rolls-Royce Plc) and automotive (Rolls-Royce Motors Limited) divisions—the latter retaining the Bentley subdivision. Rolls-Royce Motors was subsequently sold to engineering conglomerate, Vickers and in 1998, Vickers sold Rolls-Royce to Volkswagen AG.

Intellectual property rights to both the name Rolls-Royce as well as the company's logo had been retained not by Rolls-Royce Motors, but by aerospace company Rolls-Royce Plc, which had continued to license both to the automotive division. Thus the sale of "Rolls-Royce" to VW included the Bentley name and logos, vehicle designs, model nameplates, production, and administrative facilities, the Spirit of Ecstasy and Rolls-Royce grille shape trademarks (subsequently sold to BMW by VW)—but not the rights to the Rolls-Royce name or logo. The aerospace company, Rolls-Royce Plc, ultimately sold both to BMW AG.


History



Cricklewood (1919–1931)


Before World War I, Walter Owen Bentley and his brother, Horace Millner Bentley, sold French DFP cars in Cricklewood, North London, but W.O, as Walter was known, always wanted to design and build his own cars. At the DFP factory, in 1913, he noticed an aluminium paperweight and thought that aluminium might be a suitable replacement for cast iron to fabricate lighter pistons. The first Bentley aluminium pistons were fitted to Sopwith Camel aero engines during the First World War.

The same day that the Paris Peace Conference to end World War I started, Walter Owen ("W.O.") Bentley founded Bentley Motors Limited, on January 18, 1919[18] and registered Bentley Motors Ltd. in August 1919. In October he exhibited a car chassis (with a dummy engine) at the London Motor Show.[19] Ex–Royal Flying Corps officer Clive Gallop designed an innovative four-valves-per-cylinder engine for the chassis. By December the engine was built and running. Delivery of the first cars was scheduled for June 1920, but development took longer than estimated so the date was extended to September 1921.[19] The durability of the first Bentley cars earned widespread acclaim, and they competed in hill climbs and raced at Brooklands.[20]

Bentley's first major event was the 1922 Indianapolis 500, a race dominated by specialized cars with Duesenberg racing chassis. They entered a modified road car driven by works driver Douglas Hawkes, accompanied by riding mechanic H. S. "Bertie" Browning.[21] Hawkes completed the full 500 miles (800 km) and finished 13th with an average speed of 74.95 miles per hour (120.62 km/h) after starting in 19th position.[22] The team was then rushed back to England to compete in the 1922 RAC Tourist Trophy.[21][23]


Captain Woolf Barnato

In an ironic reference to his heavyweight boxer's stature, Captain Woolf Barnato was nicknamed "Babe". In 1925, he acquired his first Bentley, a 3-litre. With this car, he won numerous Brooklands races. Just a year later, he acquired the Bentley business itself.

The Bentley enterprise was always underfunded, but inspired by the 1924 Le Mans win by John Duff and Frank Clement, Barnato agreed to finance Bentley's business. Barnato had incorporated Baromans Ltd in 1922, which existed as his finance and investment vehicle. Via Baromans, Barnato initially invested in excess of £100,000, saving the business and its workforce. A financial reorganisation of the original Bentley company was carried out and all existing creditors paid off for £75,000. Existing shares were devalued from £1 each to just 1 shilling, or 5% of their original value. Barnato held 149,500 of the new shares giving him control of the company and he became chairman. Barnato injected further cash into the business: £35,000 secured by debenture in July 1927; £40,000 in 1928; £25,000 in 1929. With renewed financial input, W. O. Bentley was able to design another generation of cars.


The Bentley Boys

1929 Blower Bentley
1929 Blower Bentley

The Bentley Boys were a group of British motoring enthusiasts that included Barnato, Sir Henry "Tim" Birkin, steeple chaser George Duller, aviator Glen Kidston, automotive journalist S.C.H. "Sammy" Davis, and Dudley Benjafield. The Bentley Boys favoured Bentley cars. Many were independently wealthy and many had a military background. They kept the marque's reputation for high performance alive; Bentley was noted for its four consecutive victories at the 24 Hours of Le Mans, from 1927 to 1930.

Birkin developed the 4½-litre, lightweight Blower Bentley at Welwyn Garden City in 1929 and produced five racing specials, starting with Bentley Blower No.1 which was optimised for the Brooklands racing circuit. Birkin overruled Bentley and put the model on the market before it was fully developed. As a result, it was unreliable.

During the March 1930 Blue Train Races, Barnato raised the stakes on Rover and its Rover Light Six, having raced and beaten Le Train Bleu for the first time, to better that record with his 6½-litre Bentley Speed Six on a bet of £100. He drove against the train from Cannes to Calais, then by ferry to Dover, and finally London, travelling on public highways, and won.

Barnato drove his H.J. Mulliner–bodied formal saloon in the race against the Blue Train. Two months later, on 21 May 1930, he took delivery of a Speed Six with streamlined fastback "sportsman coupé" by Gurney Nutting. Both cars became known as the "Blue Train Bentleys"; the latter is regularly mistaken for, or erroneously referred to as being, the car that raced the Blue Train, while in fact Barnato named it in memory of his race.[24][25] A painting by Terence Cuneo depicts the Gurney Nutting coupé racing along a road parallel to the Blue Train, which scenario never occurred as the road and railway did not follow the same route.


Cricklewood Bentleys

Bentley 8 Litre 4-door sports saloon
Bentley 8 Litre 4-door sports saloon

The original model was the three-litre, but as customers put heavier bodies on the chassis, a larger 4½-litre model followed. Perhaps the most iconic model of the period is the 4½-litre "Blower Bentley", with its distinctive supercharger projecting forward from the bottom of the grille. Uncharacteristically fragile for a Bentley it was not the racing workhorse the 6½-litre was, though in 1930 Birkin remarkably finished second in the French Grand Prix at Pau in a stripped-down racing version of the Blower Bentley, behind Philippe Etancelin in a Bugatti Type 35.

The 4½-litre model later became famous in popular media as the vehicle of choice of James Bond in the original novels, but this has been seen only briefly in the films. John Steed in the television series The Avengers also drove a Bentley.

The new eight-litre was such a success that when Barnato's money seemed to run out in 1931 and Napier was planning to buy Bentley's business, Rolls-Royce purchased Bentley Motors to prevent it from competing with their most expensive model, the Phantom II.


Performance at Le Mans

Bentley Speed Six
Bentley Speed Six

24 hours of Le Mans Grand Prix d'Endurance

Bentley withdrew from motor racing just after winning at Le Mans in 1930, claiming that they had learned enough about speed and reliability.[26]


Liquidation

The Wall Street Crash of 1929 and the resulting Great Depression throttled the demand for Bentley's expensive motor cars. In July 1931 two mortgage payments were due which neither the company nor Barnato, the guarantor, were able to meet. On 10 July 1931 a receiver was appointed.[27]

Napier offered to buy Bentley with the purchase to be final in November 1931. Instead, British Central Equitable Trust made a winning sealed bid of £125,000.[28] British Central Equitable Trust later proved to be a front for Rolls-Royce Limited. Not even Bentley himself knew the identity of the purchaser until the deal was completed.[19]

Barnato received £42,000 for his shares in Bentley Motors. In 1934 he was appointed to the board of the new Bentley Motors (1931) Ltd. In the same year Bentley confirmed that it would continue racing.


Rolls-Royce (1931–1970)



Derby

The silent sports car1935 3½-litre cabriolet by unknown coachbuilder
"The silent sports car"
1935 3½-litre cabriolet by unknown coachbuilder

Rolls-Royce took over the assets of Bentley Motors (1919) Ltd and formed a subsidiary, Bentley Motors (1931) Ltd. Rolls-Royce had acquired the Bentley showrooms in Cork Street, the service station at Kingsbury, the complex at Cricklewood and the services of Bentley himself. This last was disputed by Napier in court without success. Bentley had neglected to register their trademark so Rolls-Royce immediately did so. They also sold the Cricklewood factory in 1932. Production stopped for two years,[29] before resuming at the Rolls-Royce works in Derby. Unhappy with his role at Rolls-Royce, when his contract expired at the end of April 1935 W. O. Bentley left to join Lagonda.

When the new Bentley 3½ litre appeared in 1933, it was a sporting variant of the Rolls-Royce 20/25, which disappointed some traditional customers yet was well received by many others. W. O. Bentley was reported as saying, "Taking all things into consideration, I would rather own this Bentley than any other car produced under that name".[19] Rolls-Royce's advertisements for the 3+12 Litre called it "the silent sports car",[30] a slogan Rolls-Royce continued to use for Bentley cars until the 1950s.[31]

All Bentleys produced from 1931 to 2004 used inherited or shared Rolls-Royce chassis, and adapted Rolls-Royce engines, and are described by critics as badge-engineered Rolls-Royces.[32]


Derby Bentleys


Crewe

In preparation for war, Rolls-Royce and the British Government searched for a location for a shadow factory to ensure production of aero-engines.[33][34] Crewe, with its excellent road and rail links, as well as being located in the northwest away from the aerial bombing starting in mainland Europe, was a logical choice. Crewe also had extensive open farming land. Construction of the factory started on a 60-acre area on the potato fields of Merrill's Farm in July 1938, with the first Rolls-Royce Merlin aero-engine rolling off the production line five months later. 25,000 Merlin engines[33] were produced and at its peak, in 1943 during World War II, the factory employed 10,000 people.[35] With the war in Europe over and the general move towards the then new jet engines, Rolls-Royce concentrated its aero-engine operations at Derby and moved motor car operations to Crewe.[33]


Standard Steel saloons

Bentley Mark VI standard steel saloon, the first Bentley supplied by Rolls-Royce with a standard all-steel body
Bentley Mark VI standard steel saloon, the first Bentley supplied by Rolls-Royce with a standard all-steel body

Until some time after World War II, most high-end motorcar manufacturers like Bentley and Rolls-Royce did not supply complete cars. They sold rolling chassis, near-complete from the instrument panel forward. Each chassis was delivered to the coachbuilder of the buyer's choice. The biggest specialist car dealerships had coachbuilders build standard designs for them which were held in stock awaiting potential buyers.

The assembled pressings from Pressed Steel
The assembled pressings from Pressed Steel

To meet post-war demand, particularly UK Government pressure to export and earn overseas currency, Rolls-Royce developed an all-steel body using pressings made by Pressed Steel to create a "standard" ready-to-drive complete saloon car. The first steel-bodied model produced was the Bentley Mark VI: these started to emerge from the newly reconfigured Crewe factory early in 1946.[33][36] Some years later, initially only for export, the Rolls-Royce Silver Dawn was introduced, a standard steel Bentley but with a Rolls-Royce radiator grille for a small extra charge, and this convention continued.

Chassis remained available to coachbuilders until the end of production of the Bentley S3, which was replaced for October 1965 by the chassis-less monocoque construction T series.


Bentley Continental

Bentley Continental, fastback coupé body by H J Mulliner
Bentley Continental, fastback coupé body by H J Mulliner

The Continental fastback coupé was aimed at the UK market, most cars, 164 plus a prototype, being right-hand drive. The chassis was produced at the Crewe factory and shared many components with the standard R type. Other than the R-Type standard steel saloon, R-Type Continentals were delivered as rolling chassis to the coachbuilder of choice. Coachwork for most of these cars was completed by H. J. Mulliner & Co. who mainly built them in fastback coupe form. Other coachwork came from Park Ward (London) who built six, later including a drophead coupe version. Franay (Paris) built five, Graber (Wichtrach, Switzerland) built three, one of them later altered by Köng (Basel, Switzerland), and Pininfarina made one. James Young (London) built in 1954 a Sports Saloon for the owner of James Young's, James Barclay.

The early R Type Continental has essentially the same engine as the standard R Type, but with modified carburation, induction and exhaust manifolds along with higher gear ratios.[37] After July 1954 the car was fitted with an engine, having now a larger bore of 94.62 mm (3.7 in) with a total displacement of 4,887 cc (4.9 L; 298.2 cu in). The compression ratio was raised to 7.25:1.


Crewe Rolls-Royce Bentleys


Vickers (1970–1998)


The problems of Bentley's owner with Rolls-Royce aero engine development, the RB211, brought about the financial collapse of its business in 1970.

The motorcar division was made a separate business, Rolls-Royce Motors Limited, which remained independent until bought by Vickers plc in August 1980. By the 1970s and early 1980s Bentley sales had fallen badly; at one point less than 5% of combined production carried the Bentley badge.[19] Under Vickers, Bentley set about regaining its high-performance heritage, typified by the 1980 Mulsanne. Bentley's restored sporting image created a renewed interest in the name and Bentley sales as a proportion of output began to rise. By 1986 the Bentley:Rolls-Royce ratio had reached 40:60; by 1991 it achieved parity.[19]


Crewe Vickers Bentleys

1984 Bentley Mulsanne Turbo
1984 Bentley Mulsanne Turbo
1997 Bentley Brooklands
1997 Bentley Brooklands

Volkswagen (1998–present)


1998 Bentley Arnage T
1998 Bentley Arnage T
Queen Elizabeth II's Bentley State Limousine
Queen Elizabeth II's Bentley State Limousine

In October 1997, Vickers announced that it had decided to sell Rolls-Royce Motors. BMW AG seemed to be a logical purchaser because BMW already supplied engines and other components for Bentley and Rolls-Royce branded cars and because of BMW and Vickers joint efforts in building aircraft engines. BMW made a final offer of £340m, but was outbid by Volkswagen AG, which offered £430m. Volkswagen AG acquired the vehicle designs, model nameplates, production and administrative facilities, the Spirit of Ecstasy and Rolls-Royce grille shape trademarks, but not the rights to the use of the Rolls-Royce name or logo, which are owned by Rolls-Royce Holdings plc. In 1998, BMW started supplying components for the new range of Rolls-Royce and Bentley cars—notably V8 engines for the Bentley Arnage and V12 engines for the Rolls-Royce Silver Seraph, however, the supply contract allowed BMW to terminate its supply deal with Rolls-Royce with 12 months' notice, which would not be enough time for Volkswagen to re-engineer the cars.

Bentley Azure Mulliner 2003 Final Series
Bentley Azure Mulliner 2003 Final Series

BMW paid Rolls-Royce plc £40m to license the Rolls-Royce name and logo. After negotiations, BMW and Volkswagen AG agreed that, from 1998 to 2002, BMW would continue to supply engines and components and would allow Volkswagen temporary use of the Rolls-Royce name and logo. All BMW engine supply ended in 2003 with the end of Silver Seraph production.

From 1 January 2003 forward, Volkswagen AG would be the sole provider of cars with the "Bentley" marque. BMW established a new legal entity, Rolls-Royce Motor Cars Limited, and built a new administrative headquarters and production facility for Rolls-Royce branded vehicles in Goodwood, West Sussex, England.


Investment and company development

After acquiring the business, Volkswagen spent GBP500 million (about US$845 million) to modernise the Crewe factory and increase production capacity.[38] As of early 2010, there are about 3,500 working at Crewe, compared with about 1,500 in 1998 before being taken over by Volkswagen.[39] It was reported that Volkswagen invested a total of nearly US$2 billion in Bentley and its revival.[40] As a result of upgrading facilities at Crewe the bodywork now arrives fully painted at the Crewe facility for final assembly, with the parts coming from Germany—similarly Rolls-Royce body shells are painted and shipped to the UK for assembly only.

Demand had been so great that the factory at Crewe was unable to meet orders despite an installed capacity of approximately 9,500 vehicles per year; there was a waiting list of over a year for new cars to be delivered. Consequently, part of the production of the new Flying Spur, a four-door version of the Continental GT, was assigned to the Transparent Factory (Germany), where the Volkswagen Phaeton luxury car was also assembled. This arrangement ceased at the end of 2006 after around 1,000 cars, with all car production reverting to the Crewe plant.

Bentley presented Queen Elizabeth II with an official State Limousine in 2002 to celebrate her Golden Jubilee. Production of the two-door convertible Bentley Azure finished in 2003. It was replaced by a large luxury coupé powered by a W12 engine built in Crewe and named Bentley Continental GT.

It was confirmed in April 2005 a four-seat convertible Azure derived from the Arnage Drophead Coupé prototype would begin at Crewe in 2006. By the autumn of 2005, a convertible version of the successful Continental GT, the Continental GTC, was also presented in the autumn of 2005. These two models were launched in late 2006.

2005 Bentley Continental Flying Spur
2005 Bentley Continental Flying Spur
2011 Bentley Continental GT
2011 Bentley Continental GT
2017 Bentley Bentayga diesel
2017 Bentley Bentayga diesel
CEO Adrian Hallmark presents the Bentayga Hybrid at Geneva International Motor Show 2018
CEO Adrian Hallmark presents the Bentayga Hybrid at Geneva International Motor Show 2018
2019 Bentley Continental GTC
2019 Bentley Continental GTC
2019 Flying Spur W12
2019 Flying Spur W12

A limited run of a Zagato modified GT was also announced in March 2008, dubbed "GTZ".

A new version of the Bentley Continental was introduced at the 2009 Geneva Motor Show: The Continental Supersports. This new Bentley is a supercar combining extreme power with environmentally friendly FlexFuel technology, capable of using petrol (gasoline) and biofuel (E85 ethanol).

Bentley sales continued to increase, and in 2005 8,627 were sold worldwide, 3,654 in the United States. In 2007, the 10,000 cars-per-year threshold was broken for the first time with sales of 10,014. For 2007, a record profit of €155 million was also announced.[41] Bentley reported a sale of about 7,600 units in 2008.[42] However, its global sales plunged 50 percent to 4,616 vehicles in 2009 (with the U.S. deliveries dropped 49% to 1,433 vehicles) and it suffered an operating loss of €194 million, compared with an operating profit of €10 million in 2008.[38][43] As a result of the slump in sales, production at Crewe was shut down during March and April 2009.[citation needed] Though vehicle sales increased by 11% to 5,117 in 2010, operating loss grew by 26% to €245 million.[44] In Autumn 2010, workers at Crewe staged a series of protests over proposal of compulsory work on Fridays and mandatory overtime during the week.[45]

Vehicle sales in 2011 rose 37% to 7,003 vehicles, with the new Continental GT accounting for over one-third of total sales. The current workforce is about 4,000 people.

The business earned a profit in 2011 after two years of losses as a result of the following sales results:[46]

On 23 March 2020, Bentley announced to halt production due to COVID-19 pandemic.[47] In June 2020, Bentley announced that it will cut around 1,000 (one quarter of 4,200) job places in the UK as a result of the COVID-19 pandemic.[48]

On 3 November 2020, Bentley announced that all new cars sold will be electric by 2030. This announcement also follows after the United Kingdom Prime Minister Boris Johnson announced in February 2020 that he approved legislation that will ban and phase out fuel combustion vehicles (including Hybrid and Plug-in Hybrid vehicles) from the UK by 2030 with hybrids being banned by 2035.[49][50]


Deliveries, profits and staff

Year Profit or loss
€ million
Staff Total
deliveries
Americas China Europe
exc UK
UK Middle
East
Asia
Pacific
Japan Other
19981500414
19991001
20001469
20011429
2002115736
20031017
20047411
2005862736545004473
2006+1379387403517520243153
2007+155100144196338216620791235
2008+107605
2009−1943500461614334898971797
2010−24551171525910776982924
20118400070032021183911871031566249110
201210085102457225313331104815358190
20131761012031402191148013811185452291

Sources Volkswagen AG Annual Reports and press releases[51]

Bentley recorded a 31% rise in global sales in FY21 despite shutdowns caused by the global coronavirus pandemic. [52]


Production

Year Bentayga CGT Coupé CGT Cabrio Flying Spur Mulsanne Arnage Brooklands Azure Continental Other Bentley Rolls-Royce Total
200012431319324691938
20011049205114613521781
20028836950611471210
20031076076216792
200468967907686
2005473342715569560
200636111742404246417710036
200721404847227035783509972
20082699240818132773121657674
200912117221358147106933637
201017358431914354624854
20113416677235411467593
201235362638176411699107
2013360221973960111710876
201434422151455688411033
20159639972216366091910888
2016558622721600173162811817
2017484913451468229559510552
2018407228412816275479115
201952323903276010244312440
2020394619051244338112710603

Sources Volkswagen AG Annual Reports


List of Bentley vehicles


Model Name Introduced Discontinued Class
3 Litre 1921 1929 Sports car
3.5 Litre 1933 1939 Luxury car
4 Litre 1931 1931 Luxury car
4 1/2 Litre 1927 1931 Sports car
Speed Six 1926 1930 "Rolling chassis"
8 Litre 1930 1932 Luxury car
Arnage 1998 2009 Luxury car
Azure 1995 2009 Grand tourer
Bentayga 2015 Luxury SUV
Brooklands 1992 2011 Luxury car

Grand tourer

Continential 1952
Continental GT 2003 Grand tourer
Eight 1984 1992 Luxury car
Flying Spur 2005 Luxury car

Ultra-luxury car

Mark V 1939 1941 Luxury car
Mark VI 1946 1952 Luxury car
Mulsanne 1980 1992 Luxury car
Mulsanne 2010 Luxury car
R Type 1952 1955 Luxury car
S1 1955 1959 Luxury car
S2 1959 1962
S3 1962 1965 Luxury car
State Limousine 2002 2002 Luxury car

Limousine Official state car

T-Series 1965 1980 Luxury car
Turbo R 1985 1999

Crewe Volkswagen Bentleys



Car models in current production


Car models formerly in production


Special edition car models


Motorsport


A Bentley Continental GT3 entered by the M-Sport factory team won the Silverstone round of the 2014 Blancpain Endurance Series. This was Bentley's first official entry in a British race since the 1930 RAC Tourist Trophy.[53]


See also



References


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Bibliography





На других языках


[de] Bentley

Bentley Motors Ltd. ist ein britischer Automobilhersteller. Das Unternehmen gehört seit 1998 der Volkswagen AG. Bentley ist offizieller Hoflieferant der britischen Königsfamilie. Der Unternehmenssitz ist seit 2002 in Crewe.
- [en] Bentley

[it] Bentley

Bentley è una storica azienda automobilistica britannica di autovetture di prestigio fondata nel 1919 da Walter Owen Bentley a Cricklewood, nei dintorni di Londra, nonché uno dei principali fornitori della Casa Reale inglese e vincitrice della 24 Ore di Le Mans nel 1924, 1927, 1928, 1929, 1930 e 2003.

[ru] Bentley Motors

Bentley Motors Ltd. ([ˈbɛːntli]) — британская автомобилестроительная компания, специализирующаяся на производстве автомобилей класса «люкс». С 1998 года входит в состав немецкого концерна Volkswagen AG.



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