Not everyone may have known this but the Volkswagen Group, currently the world's largest automaker, did not completely own the Audi luxury brand... until now. For decades, VW and Audi jointly developed numerous vehicles, engines, and other related automotive technologies like the upcoming Audi Q4 e-tron and VW ID.4, but VW's ownership was not 100 percent. More precisely, it had been 99.64 percent.
According to Reuters who learned from Audi sources, the VW Group has agreed to pay a 48 percent premium to buy out Audi's minority shareholders. "Volkswagen AG announced and specified that it has set the cash settlement to be paid to the minority shareholders in return for the transfer of their shares at 1,551.53 euros per Audi AG share," the automaker confirmed.
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