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The ADAC, officially the Allgemeiner Deutscher Automobil-Club (lit. 'General German Automobile Club'), is Europe's largest automobile association. The ADAC is the largest verein (club) in Germany, with around 21 million members. Its headquarters are located in Munich. Its original and most well-known service is roadside assistance. The objective of the ADAC is "the representation, promotion, and advocacy of motoring, motorsport, and tourism interests."
The ADAC also owns insurance and publishing subsidiaries. More than 25 subsidiaries operate under ADAC SE (former ADAC Beteiligungs- und Wirtschaftsdienst GmbH), which assumes the holding function. ADAC Luftrettung (lit. 'ADAC Air Rescue') operates the largest fleet of ambulance helicopters in Germany.
The ADAC had total revenues of €911 million and an annual profit of €25 million in 2012. The subsidiaries grouped together in ADAC Beteiligungs- und Wirtschaftsdienst GmbH generated total revenues of €1.03 billion in 2012, with a profit of €84.9 million.
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The ADAC also owns insurance and publishing subsidiaries. More than 25 subsidiaries operate under ADAC SE (former ADAC Beteiligungs- und Wirtschaftsdienst GmbH), which assumes the holding function. ADAC Luftrettung (lit. 'ADAC Air Rescue') operates the largest fleet of ambulance helicopters in Germany.
The ADAC had total revenues of €911 million and an annual profit of €25 million in 2012. The subsidiaries grouped together in ADAC Beteiligungs- und Wirtschaftsdienst GmbH generated total revenues of €1.03 billion in 2012, with a profit of €84.9 million.
View More On Wikipedia.org