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Famed Audi has been Bought Twice

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Yes, your eyes are not cheating you. On April 24th, 1958, Daimler-Benz invested 41 million marks to the acquisition of 88% of the shares of Audi, which was still called New Motor Union. Daimler - Benz bought the rest shares a year later. End hardy clothing

However, the relationship between the new Auto Union and the parent company had not been able to coordinate, since the merger had been done. How I Use Ever note to Organize Everything (25) but the new car alliance has appeared serious financial crisis, and that made daimler-benz gave up the New Car Union finally. Since 1964, Daimler-benz sold equity of the New Car Union to Volkswagen Corporation stage by stage. And the acquisition cost is 2.97 million marks. By 1966, Volkswagen officially became the new owner of the New Auto Union. The buyout by Volkswagen saved the NAU from bankruptcy, and Volkswagen Beetle car also brought life to NUA. The factory, located in Ingolstadt where stood Audi Headquarter, began to assemble Volkswagen's Battles. The output reached 348,000 by July, 1967.

In August of 1965, the Audi 100 manufactured by the NAU came out and went a hit. Originally planned to output 100 thousand units, Audi 100 ultimately sold 80 million units. Meanwhile, this car regained the reputation of the Audi brand. The turnover was 33.6 billion euro in 2007, with net profit of 3 billion euro.