Volkswagen Group will 100% hold Audi brand

IIA learned from the Volkswagen Group that the group plans to acquire 0.36% of the freely tradable shares of the Audi brand, thereby achieving 100% control of Audi, a move that will strengthen Audi's strategic position in the Volkswagen Group.

The company will make structural adjustments, and the Volkswagen Group plans to increase its shareholding in Audi to 100% from the current 99.64%. The Volkswagen Group has filed a request for the transfer of a minority stake to Audi. This equity transfer will be completed by voting during Audi's annual shareholders meeting. In view of this, this year's shareholders meeting will be postponed to July or August.

Herbert Diess: “Considering the tremendous changes in the automotive industry, we are bringing together the advantages of the entire group to meet the future with a more competitive positioning. Looking ahead, Markus Duesmann, the incoming chairman of the management board of Audi AG, will take over and lead the R & D work of the Volkswagen Group, and strive to quickly occupy a leading position in technology.”

In addition, Bram Schot, Chairman of the Board of Management of Audi Automobile Co., Ltd. said: "It is the right choice not to stick to the existing organizational structure but to consistently use the advantages of the group. Using the synergy of the group to optimize the division of labor, we will be more flexible to deal with possible future situations. The new structure will strengthen Audi's strategic position in the Volkswagen Group. "