Business Chief Europe Magazine April 2018 | Page 85

01 Volkswagen

$ 240.4bn

www . volkswagen . co . uk Boasting the highest revenue of any European company at $ 240.4bn , Volkswagen continues its steady ascent up the Fortune Global 500 list , with a revenue growth of 1.5 %, reaching an all-time high of sixth in the global rankings . While profits remain unchanged from 2016 , Volkswagen increased sales in 2017 by 4.3 %, according to German news source De Local . In the face of financial setbacks , Volkswagen has turned to the emerging markets of electrical and self-driving cars , acquiring Aurora Innovation at the beginning of 2018 , financially backing the startup ’ s aim to have self-driving cars on the streets in between two and five cities by 2021 .
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