VW named to Time magazine’s 100 Most Influential Companies list
Company's progress on electric vehicles lauded
Volkswagen Group, with its North American operations based in Herndon, was named this week to Time magazine’s inaugural 100 Most Influential Companies list, receiving accolades for its move into electric automobiles.
The German automotive corporation has set aside $54 billion for electrified vehicles over the next five years, with plans for six new battery factories and 18,000 charging stations throughout Europe, according to Time’s entry on Volkswagen. VW sold 231,600 electric vehicles last year, three times its sales in 2019, and is aiming for 1 million in 2021, Time writes.
The rest of Time’s most influential companies list includes large, familiar corporations like General Motors, Facebook, Google and Amazon.com Inc., as well as “pioneers” such as Savage X Fenty and Headspace.
Time solicited nominations across health care, entertainment, transportation, technology and other sectors, and nominees were judged on several key factors, including “relevance, impact, innovation, leadership, ambition and success.”
Volkswagen is the only listed company headquartered in Virginia.