Volkswagen, also known as VW, is one of the world's largest automobile manufacturers. It has plans to become the biggest producer by 2018. The company is based in Wolfsburg, Germany. It was founded in 1937 by the National Socialist trade union German Labour Front. The name Volkswagen means “people’s car” in German. The company’s first success was the VW Type 82E，the Beetle, which is the best-selling car of all time. The company is part-owned by Porsche, the German state of Lower Saxony and the oil-rich Gulf state of Qatar. Volkswagen has built a reputation for quality and reliable cars. Models such as the Golf, Polo and New Beetle are bestsellers worldwide. The company is investing heavily in hybrid technology and is a leader in greener, electric vehicles.