Volkswagen (German: [flksvan] (listen), shortened to VW [fave] (listen)) is a German motor vehicle manufacturer headquartered in Wolfsburg, Lower Saxony, Germany. Founded in 1937 by the German Labour Front, known for their iconic Beetle, it is the flagship brand of the Volkswagen Group, the largest car maker by worldwide sales in 2016 and 2017. The group's biggest market is in China, which delivers 40% of its sales and profits. The German term Volk translates to 'people', thus Volkswagen translates to 'people's car'. = 19321940: People's Car project =Volkswagen was established in 1937 by the German Labour Front (Deutsche Arbeitsfront) in Berlin. In the early 1930s, cars were a luxury most Germans could afford nothing more elaborate than a motorcycle and only one German out of 50 owned a car. Seeking a potential new market, some car makers began independent 'people's car' projects the Mercedes 170H, BMW 3/15, Adler AutoBahn, Steyr 55, and Hanomag 1. 3L, among others. The growing trend was not nascent, Bla Barnyi, a pioneering automotive engineer, is credited as already having conceived the basic design during the mid-1920s. Josef Ganz developed the Standard Superior (going as far as advertising it as the 'German Volkswagen'). In Germany, the company Hanomag mass-produced the 2/10 PS 'Kommissbrot', a small, cheap rear-engined car, from 1925 to 1928.