Does Volkswagen Owns Audi: [Answered]

Yes, Volkswagen does own Audi.

Does Volkswagen Owns Audi?

History

Volkswagen and Audi have a long history together. In 1964, Volkswagen acquired a 50% stake in Audi. In 1966, Volkswagen increased its stake to 99.9%, making Audi a wholly owned subsidiary of Volkswagen.

Current Ownership

Today, Volkswagen owns 100% of Audi. Audi is one of the six brands that make up the Volkswagen Group. The other brands in the Volkswagen Group are Volkswagen, Škoda, Seat, Bentley, Lamborghini, and Bugatti.

Why Does Volkswagen Own Audi?

There are a few reasons why Volkswagen owns Audi. First, Audi is a luxury brand, and Volkswagen wanted to add a luxury brand to its portfolio. Second, Audi has a strong reputation for engineering and performance, and Volkswagen wanted to benefit from that reputation. Third, Audi has a strong presence in markets outside of Europe, and Volkswagen wanted to expand its global reach.

Does Volkswagen Own Any Other Brands?

Yes, Volkswagen owns a number of other brands. In addition to the six brands that make up the Volkswagen Group, Volkswagen also owns Porsche, Ducati, and Scania.

Conclusion

Volkswagen owns Audi, and it has done so for over 50 years. Audi is a valuable asset to the Volkswagen Group, and it helps Volkswagen to compete in the luxury car market.

You May Like To Read: How Many Car Companies Does Volkswagen Own

FAQs

Does Volkswagen Owns Audi?

Yes, Volkswagen owns Audi. Volkswagen acquired Audi in 1965.

What other brands does Volkswagen own?

Volkswagen owns a number of other brands, including:

Audi
Bentley
Bugatti
Lamborghini
Porsche
SEAT
Škoda
Volkswagen

How many cars does Volkswagen sell each year?

Volkswagen sells over 10 million cars each year.

Where is Volkswagen headquartered?

Volkswagen is headquartered in Wolfsburg, Germany.

What is Volkswagen’s mission statement?

Volkswagen’s mission statement is to move people forward.