Volkswagen Group Ltd
Volkswagen group is a European based auto manufacturer that is also one of the largest producers of cars in Europe (Tremosa 56). The company is engaged in production of over twelve different brands of fascinating models to meet the rising demand of customers in different countries across the world. Volkswagen group was established by Gesellschaft zur as the founder in 1937 after having separated from an alliance from a company known as Germans people’s car. During its early period after the establishment, the company was not making much in terms of production not until it designed the production of the type 60 Volkswagen one of the company’s bestselling model by then (Tremosa 56).  Moreover, the company was affected by the need to rebuild the plant and due to inadequacy of raw materials, but the production gained rapidly between the year 1950s and 1960s. Such an increase in production was evidenced after the company introduced new models of vehicles characterized by basic air cooled; rear engine and rear drive Platform.
Company mission
The company; mission is to offer attractive, safe and environmentally friendly vehicles that competes an increasingly competitive market and set world standards in their respective class. Besides, the company aims to meet the increasing needs of customers both locally and internationally (Tremosa 56). To achieve the above strategies, the company has deployed appropriate mechanism by offering excellent in care service, quality brands, and affordable services through highly trained expatriates.
Vision:
The vision of Volkswagen group is to continue being recognized as a defined company in the market, and become the leader in the sale and distribution spare parts, achieving the economic service excellence, development and growth that have always characterized the firm (Tremosa 56).
Values:
The company values are based on the fundamental convictions and perception sin life that determine the course of action (Bule and Galof 2- 46). The organizational value is founded on the basis of motivation and desire to the demand of customers across the globe. Since the group is an entity, the company values are firmly established in the organizational hearts to influence the behavior and decisions besides personal values. More similar to personal values, Volkswagen Group values are deemed as abstract of value that is applicable in a broad scale of situations and fields as are to be found in such a large company. However, the most important organizational value is to have a common course of direction.  A summary of the summary of values includes; Customer focus, Top performance, Creating value, Ability to renew, Respect, Responsibility, Sustainability (Bule  and Galof 2- 46).
Operations of Volkswagen group
Contrary to the perception of just being a car maker, the company executes varied activities characterized by mobility related services within the same assortment. The group engages in production of variety of vehicles in up to seven European countries. While each brand has its own makeup and operates as a company on its own, their operations are controlled by a similar corporate culture that guides the production of the production of small passenger fleets to heavy commercial trucks. Some of the Volkswagen affiliate companies include Audi, ŠKODA; Scania trucks and buses among other models. Other than automobile manufacturing, the company is engaged in financial service provision, car hire, and insurance coverage among other activities (Bule and Galof 2- 46).
The organizational innovation
Since automobile industry is characterized by continuous change in fashion preference and trend, the Volkswagen group has established social conditions, which ensure that the targeted trend is met in time (Tremosa 56). The company has set up an innovation department whose role is to project the future demand and then conceptualize such needs into vital innovative technologies. With the variation in technology,  the organizations has instituted policies and strategies to tackle the  future through intensive research and forming alliances  with other likeminded expatriates both internally and  outside the organizational boundaries. Besides, the company constantly examines the production line and updating the stakeholders of on the progress. Such a strategy has been designed with an aim of projecting possible production within a specified period of time. As such, it helps in building trusts on the stakeholder while ensuring effective utilization of the resources. Ultimately, the company use vertical integration to keep its production line at pace and to build up a stronger and a competitive advantage among where there is an intense competition (Tremosa 56).
Sustainability & Responsibility
As far as environmental sustainability is concerned, Volkswagen group has consistently been engaged corporate social responsibility as a vital part of the corporate culture. For instance, the company has established a corporate foundation that is meant to promote education and health care services in different countries. In aIDition, the company has set up projects that are all controlled under the beliefs and social commitments of the institution. Since a business can only flourish in a prosperous environment, Volkswagen Company has resorted into credible and transparent by building relationship with the society. The company has well trained management who have been then authorized to ensure that ether is a streamline of responsibility of units in every active location (Tremosa 56).
Volkswagen group also supports numerous projects that stimulate coexistence between societies while ensuring social development, culture and education at the will of the will of the inhabitants around the region of company’s operation. The company works to build up a lasting value not only with employees and its shareholders, but also for the countries and regions in which they operate. Besides, the company works to find solutions for the challenges of the future and consider it part of their responsibility to find the right answers to these challenges. Ultimately, the company inspires to create a more sustainable environment in the near future by considering digitization of all its equipments as an opportunity to create leverage to the whole society. The company believes in the creation of dialogue between the stakeholders’ and the local players so as to achieve a competitive advantage (Tremosa 56).
Income statement for the period 2013-2014
euro dollar         Note    Dec. 31, 2013    Dec. 31, 2014
NET REVENUES          12    197,007    202,458
cost of goods sold             144,135    145,934
gross profit            33,690    34,394
Selling, general and administrative expense            25,038    25,414
Other operating charges                 2,535    2,941
operating income             11,187    11,921
Net income             9,093    10,985
Source: (Advance 7)
Balance Sheet Overview for the period 2013-2014
Euro Dollar         Note    Dec. 31, 2013    Dec. 31, 2014
Assets
Fixed Assets        1
Intangible Assets             144    452
Tangible Assets             6,457    5,256
Long- Term Financial Assets             63,698    44,203
70299    49911
Current Assets
Inventories        2    3698    3578
Receivable And Other Assets         3    22066    19245
Cash In Hand And Bank Balances         4    11236    6785
37000    29608
Prepaid Expenses             66    100
Total Assets             324,333    351,209

Equity And Liabilities
Equity        5    1,191    1,191
Subscribed Capital    755        9,414    9,413
Capital Reserves     425    6    13,395    10,630
Revenue Reserves     100    7    1,874    3,200
Net Retained Profits         8    25,874    24,434
Liabilities         9    28,523    27,734
Differed Income         10    117    33
Total Equities And Liabilities             324,333    351,209

Source: (Advance 7)
Statement of Cash Flow Overview for the period 2013 2014
Euro Dollar     Note    Dec. 31, 2013    Dec. 31, 2014
Sales    11    6555785    7141458
Cost Of Sales         144,135    145,934
Gross Profit On Sales         6,411,650    6,995,524
Selling Expenses        3,445    4,587
Administrative Expenses         25,038    25,414
Other Income         4,287    5421
Other Expenses         2,535    2,941
Financial Result        6,144    7,969
Long Term Financial Securities And Classified Assets         4785    4971
Result From Ordinary Activities         4589    9804
Tax On Income         7569    1369
Net Income Of The Year         9,093    10,985
Source: (Advance 7)
Cash flow statement for the financial period 2013 – 2014
euro dollar         Note    Dec. 31, 2013    Dec. 31, 2014
Net cash provided by operating activities        12    12595    10784
Net cash used in investing activities            16,890    19,099
Net cash used in financing activities            8,973    4,645
NET CHANGE IN CASH            4,216    3,375

Conclusions
Volkswagen group is an alliance of different automobile companies that deals in a range of auto based services from car manufacturing to financing and insurance. This paper has critically examined the operations of the company right from its establishment in 1937 to the latest financial year that is 2013 – 2014. Besides, the company has looked into the organizational corporate which ensure that the targeted trend is met in time. While checking through change in fashion and preference, the research has pointed out how Volkswagen group constantly examines the production line and updating the stakeholders of on the progress. AIDitionally, the paper has looked into the Sustainability & Responsibility of the company clarifying how the company has set up projects that are all controlled under the beliefs and social commitments of the institution. Ultimately, the paper has pointed out into various financial statements of the company including the balance sheet, cash flow statement, income and statements for financial period 2013 – 2014.

Works cited:
Bule, Cristina  and Galof, Gonzaga Qualitative And Quantitative Analysis Of Volkswagen.  Volkswagen . AG Press. 2013 Print
ADVANCE, W. Group Annual Report 2012 Munich Re.
Tremosa, i B. R. Catalonia: An Emerging Economy : the Most Cost-Effective Ports in the Mediterranean Sea. Brighton: Sussex Academic Press, 2010. Print.

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