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Outstanding Audi Automobile Has Been Purchased Two Times

Yes, you are right. 10 Reasons for You to Choose bags online shop The Audi founded in 1909 has been purchased by Mercedes-Benz. Fine Tutorials to Clear away the Stain of your screen protectors On April 24, 1958, Daimler - Benz invested 41 million Marks to purchase 88% shares of Audi who was called new auto union at that time. cheap bags , The Best Consumer Right Day Most-Wanted Pieces for Aunt Daimler-benz took over the remaining shares a year later. The acquisition make Daimler - Benz became the biggest car manufacturer of the west Germany, instead of Volkswagen AG.

But new Auto Union failed to cordinate its relations with its parent company after the merger. Daimler – Benz reached a sales peak in 1962. But the new Auto Union emerged serious financial crisis, which prompted Daimler - Benz abandoned the new Auto Union finally. Since 1964, Daimler Benz sold the shares of New Auto Union to VW auto Co. in phases. The whole acquisition cost 297 million D-marks. By 1966, Volkswagen officially became the new owners of the New Vehicles Union. The buyout by Volkswagen saved the NAU from bankruptcy which mainly relied on Volkswagen Beetle car. From May of 1965 on, factories in Ingolstadt, where Audi headquater was located at, began to assemble Beetle car and had produced 348 thousand Beetles in total by July in 1967.

In August, 1965, the Audi 100 car of the New Car Union appeared and achieved a huge success. Originally planned to output 100 thousand units, Audi 100 ultimately sold 80 million units. Meanwhile, this car regained the reputation of the Audi brand. In 2007 the turnover of the car has achieved to 33.6 billion euros, with net profit of nearly 30 billion euros.

Today, it is very difficult to re-appear in the list of merger and reorganization for companies such as Audi, and it can be described as a very sought-after market meat and potatoes. However, Audi is not totally owned by Volkswagen, eventhough Volkswagen have 99% stake in Audi. However, Audi Aoto, which owned the only 1% of the shares, owns the unshared quattro technology also, and this is where its core technology in.