Opera News

Opera News App

How big is Volkswagen?(They own Lamborghini, Bentley, Bugatti, Porsche, Audi and More)

Sir_Desiire
By Sir_Desiire | self meida writer
Published 22 days ago - 18 views

Volkswagen is one of the biggest car manufacturers in the world.

Did you know that Volkswagen does not own Volkswagen cars? Check this out. It’s actually amazing how big the company really is.

10 Brands that Volkswagen Owns

1. Audi

Audi became a part of Volkswagen in 1965. The car brand was under the Auto Union GmbH am arm of Daimler since the end of WWII. Audi was founded in 1909 and set standards for offering premium vehicles. In the UK, the car manufacturers sell over 65 models.

2. Bugatti

The manufacturer is synonymous with producing the fastest car in the world. Bugatti was founded in 1909 and become a part of the Volkswagen group in 1998. Full ownership was concluded in 2000, Volkswagen took over the Ettore Bugatti guesthouse and turned it into their headquarters.

3. Bentley

Bentley has been producing luxurious cars since 1919. It formed a partnership with Volkswagen in 1998. In 1997, Bentley offered its Rolls Royce model up for sale, and BMW bid for it. Volkswagen outbid BMW and got most of the rights, with the exception of the Rolls Royce name and logo. Full ownership of Bentley was concluded in 2003 and Volkswagen started supplying cars under the Bentley name.

4. Lamborghini

Ferruccio Lamborghini founded the Italian company in 1963. He started it to offer competition to Ferrari. In the first year of production. The company grew rapidly, mostly due to its rear-wheel-drive Miura sports coupe. After the worldwide financial shutdown in 1973, the company started experiencing difficulties and even filed for bankruptcy in 1978.

By 1987 it had changed ownership several times before Chrysler took ownership. Volkswagen later took over the company in 1998 and placed it under Audi management. Since then, the unit has been producing a powerful V12 sports cars.

5. Porsche

Ferdinand Porsche founded the company in 1931. Initially, the company did not manufacture cars, and the first production car debuted in 1939. It used many components from the VW beetle. During WWII, Porsche was involved in the manufacture of military tanks. The popular Porsche 911 was released in 1989 and was the first four-wheel-drive car to have a Tiptronic transmission.

The Cayenne was released in 2002 in their new manufacturing center at Leipzig, Saxony. The relationship between Porsche and Volkswagen has been a long one, with the founder having influenced the popular Volkswagen Beetle designs. In August 2009, the two companies’ management decided to merge the two entities. By the end of 2015, Volkswagen held a majority shareholding in Porsche.

6. SEAT

Volkswagen’s journey for control of SEAT begun in the 1980s through various management partnerships. By 1986, Volkswagen had increased its stake to over 51 percent, making it the majority stockholder in SEAT. The stake was later increased to 75%, and by 1990, Volkswagen owned the entire equity stake of SEAT. The Spanish manufacturer was founded in 1950 and had over 24 models in the UK. It employs more than 15 thousand people.

7. SKODA

SKODA is a Czech car manufacturing company that was started in 1985 by Laurin and Klement. It was briefly state-owned in 1925 and then later privatized in 1991. The automaker sells cars in over 100 countries. Volkswagen started showing an interest in the company in 1991 by purchasing a 30 percent stake.

This was later increased to 60.3% in 1994 and 70% in 1995. Finally, as the century came to a close, Volkswagen decided to acquire all equity shares and make SKODA a fully owned Volkswagen subsidiary. Since this, the car manufacturer’s market share has been on a gradual rise.

8. Ducati

Ducati is a motorcycle manufacturing company whose headquarters are in Bologna, Italy. Antonio Cavalieri started the company with his three sons in 1926. Initially, they started with the production of condensers, vacuum tubes, and radio components.

The company survived the effects of world war 2. Volkswagen showed an interest in taking over the company in April 2012 when its Audi subsidiary announced that it would be buying the company for 1.2 billion dollars. The company is well known for its four-stroke motorcycles that are high performance. They have dominated the motorcycle industry for decades.

9. MAN

The automobile maker traced its roots to 1758 when St. Antony produced ironworks. It later merged with New forges and Good Hope to form Oberhausen. The GHH grew and even survived WWII, but the allies opted to split the GHH group. During this time, the company ceased mining of iron and steel. Acquisition of Bussing helped the company to focus on commercial vehicles. The 1982 oil crisis pushed the company to a financial crisis.

MAN headquarters were transferred to Munich from Oberhausen in 1986. A 50-50 partnership was established with Force Motors, which helped introduce their trucks into India. Volkswagen took an interest in the company in 2011 by purchasing a 55.9% stake, which was increased to 73% in 2012.

10. SCANIA

SCANIA’s specialty is commercial vehicles – trucks and buses. The company started its journey in 1911 in the province of Scania, Sweden. The company has production bases in over 10 African countries and many across Europe and Asia. The company is also listed in the NASDAQ in the USA. The company’s logo consists of the coat of arms of Scania and a griffin. The merger of SCANIA and Saab AB led to the creation of Saab-Scania AB. Later in 1995, it was split into truck and bus divisions.

In 1999, there was an attempt by Volvo to take up the company, but the European Union stifled it. In 2000, Volkswagen took over the rejected Volvo shares – 36.4 %, and in 2008 it increased its stake to 70.93%. By 2015, Volkswagen took complete control of Scania pushing its shareholding to 100%.

SHARE THIS ARTICLE

Content created and supplied by: Sir_Desiire (via Opera News )

Opera News is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of Opera News. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by Opera News. Opera News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. Opera News furthermore does not condone the use of our platform for the purposes encouraging/endorsing hate speech, violation of human rights and/or utterances of a defamatory nature. If the content contained herein violates any of your rights, including those of copyright, and/or violates any the above mentioned factors, you are requested to immediately notify us using via the following email address operanews-external(at)opera.com and/or report the article using the available reporting functionality built into our Platform

YOU MAY LIKE

Mzansi attack a small business owner for his Kota, "Your Kota is dry!"

3 minutes ago

0 🔥

Mzansi attack a small business owner for his Kota,

PSL Club Reveals Two New Sponsors

4 minutes ago

1 🔥

PSL Club Reveals Two New Sponsors

I'm In A Relationship With This Rich Guy. But I Feel Like I Have Got Nothing To Give In Return.

11 minutes ago

2 🔥

I'm In A Relationship With This Rich Guy. But I Feel Like I Have Got Nothing To Give In Return.

Unexpected| Nurse Vs Teacher Salaries, See Who Reportedly Gets Paid More in South Africa

13 minutes ago

30 🔥

Unexpected| Nurse Vs Teacher Salaries, See Who Reportedly Gets Paid More in South Africa

Confirmed: four players to leave Manchester city at the end of the season.

56 minutes ago

23 🔥

Confirmed: four players to leave Manchester city at the end of the season.

Checkout Chiefs Player Who Has Many Cows [See Pics] - opinion

1 hours ago

125 🔥

Checkout Chiefs Player Who Has Many Cows [See Pics] - opinion

Former Soweto giants young star returns to the PSL.

1 hours ago

630 🔥

Former Soweto giants young star returns to the PSL.

Ex-Pirates Player Linked with a Move to a PSL Team

1 hours ago

253 🔥

Ex-Pirates Player Linked with a Move to a PSL Team

Kaizer Chiefs put price tag of R15 million on Samir Nurkovic

1 hours ago

330 🔥

Kaizer Chiefs put price tag of R15 million on Samir Nurkovic

Big Trouble For Ramaphosa And ANC As Hoodlums Attacks Eskom Workers After Strong Message

2 hours ago

60 🔥

Big Trouble For Ramaphosa And ANC As Hoodlums Attacks Eskom Workers After Strong Message

COMMENTS