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AUDI AG, (Xetra: NSU), commonly known as Audi (pronounced /ˈaʊdi/), is a premium luxury German automobile manufacturer which produces Audi branded cars, with headquarters in Ingolstadt, Bavaria. Audi has been an almost wholly-owned (99.7%) subsidiary of the Volkswagen Group (Volkswagen AG) since 1964 (when the group was formerly known as "Volkswagen Audi Group" - VAG), and is held in ownership by its shareholders – hence the term "Aktiengesellschaft" or "AG". The company evolved from Volkswagen Group's takeover of both Auto Union, and NSU Motorenwerke AG (NSU), the former having incorporated the historic Audi company which was founded in 1910. |
