Who Is The Owner Of Audi?
The owner of Audi has been making distinct high-end models across the world for decades! The company’s primary focus is to offer fully autonomous driving in the future time. It introduced a new series of vehicles in the mid-1990s. Since then it continues to pursue new technology and high performance. In today’s post, I will give all details regarding the current owner of Audi.
Who Is The Owner Of Audi?
The owner of Audi is the Volkswagen Group which is a German multinational automotive manufacturer. The headquarters of this manufacturing company is in Wolfsburg, Lower Saxony, Germany. This company is well known for its services including financing, leasing, and fleet management. The Volkswagen Group even maintained the largest market share in Europe for over two decades!
Keep on reading further to get more details about the owner of the Audi car company.
About The Owner Of Audi
The owner of the Audi company ranked seventh in the 2020 Fortune Global 500 list of the world’s largest companies. This group sells passenger cars under the Audi, Bentley, Cupra, Lamborghini, Porsche, SEAT, Skoda, and Volkswagen brands. They also sell motorcycles under the Ducati name. These are light commercial vehicles under the Volkswagen Commercial Vehicles brand.
This automobile company was founded in Berlin in 1937 and was incorporated in Wolfsburg. Here, they manufacture the car that was known as the Beetle. In the 1950s and 1960s, the company’s production grew rapidly! The company then acquired Auto Union in 1965 which produced the first postwar Audi models.
In the 1970s, the Volkswagen group launched a new generation of front-wheel drive vehicles. This included the Passat, Polo, and Golf where Golf became their bestseller! Audi owner Volkswagen acquired a controlling stake in SEAT in 1986 and also acquired control of Skoda in 1994. Similarly, it also acquired Bently, Lamborghini, and Bugatti in 1998 and Scania in 2008. The company even acquired Ducati, MAN, and Porsche in 2012. In the past decade, the company’s operations in China have grown rapidly. Due to this, the country became its largest market!
However, Volkswagen Aktiengesellschaft is a public company. This company has been traded in the United States via American depositary receipts since 1988. In 2013, Volkswagen was delisted from the London Stock Exchange. You must be surprised to know that the government of Lower Saxony holds 12.7% of the company’s shares!
This manufacturer of luxury cars produces vehicles in nine production facilities worldwide. But do you know where is Audi’s headquarters? The headquarters of Audi is located in Ingolstadt, Bavaria, Germany. However, the origins of this company are complex, so let’s go back to the early 20th century. Engineer August Horch and two other manufacturers DKW and Wanderer founded Auto Union in 1932. Audi Union was acquired by Volkswagen and then the modern Audi era began.
The name Audi is given after the surname of the founder August Horch. So, Audi’s meaning is “listen” which is the Latin translation of Horch. Whereas Audi’s logo meaning is merging of four automobile manufacturers. This includes Audi, DKW, Horch, and Wanderer who merged to become Auto Union AG. Currently, Virat Kohli is Audi’s brand ambassador who perfectly symbolizes the progressive, premium image of the brand.
The average income of Audi’s owner is $138,366 annually which includes a base salary of $118,941 with a $19,425 bonus. BMW also manufactures luxury cars worldwide and is headquartered in Munich, Germany. Whereas BMW’s owners are Sussanne Klatten and Stefan Quandt.
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FAQ
Who Is Audi Owned By?
As a subsidiary of the Volkswagen Group, Audi has remained true to its German roots and continued to produce premium vehicles that wow with their luxe features and impressive performance.
Is Audi Owned By BMW?
Audi is actually part of the Volkswagen Group, which also owns Porsche, Bentley, Lamborghini and Bugatti. BMW also owns Rolls-Royce and Mini. This allows Audi to share many of the components of its cars with its other brands.
What Does Audi Stand For?
The name Audi is based on a Latin translation of the surname of the founder August Horch, itself the German word for “listen!” Audi is headquartered in Ingolstadt, Germany. On July 16, 1909 automotive pioneer August Horch founded August Horch Automobilwerke GmbH in Germany.
What Was The Audi Scandal?
The Audi emissions scandal proves that it’s not always as great as it seems. According to the EPA, Volkswagen, the owner of Audi, sold almost 600,000 diesel cars in the U.S. equipped with software that was designed to cheat on emissions tests. This scandal led to irreparable damage to the environment.
Conclusion
In the above post, I’ve discussed who is the owner of Audi of Huntington. This German company is a subsidiary of its parent company, the Volkswagen Group. Auto Union was founded by engineer August Horch and other manufacturers DKW and Wanderer. The name Audi is the Latin translation of the founder’s surname Horch. Thus, the owner of Audi is the person behind specializing in luxury sports cars.
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