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The new merged company was incorporated on 1 January 1969 and was known as Audi NSU Auto Union AG, with its headquarters at NSU's Neckarsulm plant, and saw the emergence of Audi as a separate brand for the first time since the pre-war era. Volkswagen introduced the Audi brand to the United States for the 1970 model year.
The company has operations in roughly 150 countries, and it has 100 production facilities across 27 countries. Volkswagen was founded in Berlin in 1937 and incorporated in Wolfsburg to manufacture the car that would become known as the Beetle. The company's production grew rapidly in the 1950s and 1960s.
The former company owned the historic Audi brand, which had disappeared after the Second World War. VW ultimately merged Auto Union and NSU to create the modern Audi company, and would go on to develop it as its luxury vehicle marque. The purchase of Auto Union and NSU was a pivotal point in Volkswagen's history, as both companies yielded the ...
There are 2 vehicle assembly plants. A new plant is being built for Audi FAW NEV Company Ltd., which will build Audi EV's on the PPE platform & is majority (60%) owned by Audi and by VW China. Production is due to begin in 2024.
German luxury carmaker, Audi, owned by Volkswagen AG (OTC: VWAGY), has paused its Twitter activities until further notice, Reuters reported. The company, which puts out a tweet daily, has not ...
The current corporate entity which bears the Auto Union name, Auto Union GmbH, was founded in 1985 and is a wholly owned subsidiary of Audi AG; its purpose is to act as owner of Auto Union's historical trademarks and intellectual property, as well as managing Audi's heritage operations.
The company is owned by the Volkswagen Group through its subsidiary Audi. Ferruccio Lamborghini (1916–1993), an Italian manufacturing magnate, founded Automobili Ferruccio Lamborghini S.p.A. in 1963 to compete with Ferrari. The company was noted for using a rear mid-engine, rear-wheel drive layout.
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