Volkswagen AG and its subsidiaries engage in the manufacture and sale of automobiles worldwide. It operates in two divisions, Automotive and Financial Services. The Automotive division engages in the development of vehicles and engines, as well as the production and sale of passenger cars, commercial vehicles, trucks and buses, and the parts business. The product range extends from low-consumption small cars to luxury class vehicles. The Financial Services division’s portfolio of services includes dealer and customer financing, leasing, banking and insurance activities, and fleet management. Volkswagen AG offers its products under the Volkswagen, Audi, Bentley, Bugatti, Lamborghini, SEAT, Skoda, and Volkswagen Commercial Vehicles brand names. The company was founded in 1937 as Gesellschaft zur Vorbereitung des Deutschen Volkswagens mbH and changed its name to Volkswagenwerk GmbH in 1938. Further, it changed its name to Volkswagenwerk Aktiengesellschaft in 1960 and to Volkswagen AG in 1985. The company is headquartered in Wolfsburg, Germany.