Volkswagen is a German automobile manufacturer headquartered in Wolfsburg, Germany. It is the biggest German automaker and the second largest automaker in the world.
Volkswagen was originally founded in 1937 by the Nazi trade union, the German Labour Front (Deutsche Arbeitsfront), in an attempt to produce a basic vehicle capable of transporting two adults and three children at 100 km/h (62 mph). Nazi dictator Adolf Hitler wanted his German citizens to have the same access to a car as the Americans.From 1948, after WW II, VW – most notable its “Beetle” model - became a symbol of West Germany’s economic rise.
The deal offers financial, as well as buy-back and trade-in, compensation for owners of some 78,000 Volkswagens affected by the Dieselgate scandal. The German carmaker has now settled most of its US consumer claims.