The nsu brand has not been used since 1977 while the former nsu manufacturing plant at neckarsulm is still used for audi assembly. The name nsu originated as an abbreviation of neckarsulm the city where nsu was located.
Audi Celebrates 40 Years Since Merger Of Nsu Motorenwerke Ag
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Audi nsu auto union. Neckarsulm became the companys corporate seat and dr. Audi nsu auto union cars. Audi remained a very conservative brand until the mid 1990s when the company decided to compete against the luxury brands of mercedes benz and bmw.
Acquired by volkswagen group in 1969 vw merged nsu with auto union creating audi nsu auto union ag ultimately audi. Facebook is showing information to help you better understand the purpose of a page. Volkswagen introduced the audi brand to the usa in 1970 with the audi 100.
The intention of this group is to represent more than a century of automotive tradition and heritage. The companys headquarters returned to ingolstadt. After exactly 12 hours and 21 minutes of sometimes heated discussion with initial resistance from the nsu stockholders the agreement was approved at a special meeting of stockholders on april 26 1969.
At the same time audi formed the new companies auto union gmbh. Vw then transferred its shares in its auto union subsidiary to nsu. While the company went through numerous changes over the years it was in 1969 that audi nsu auto union was formed.
This group is for any original audi nsu auto union dkw horch wanderer. However the current audi ag shares trade under the ticker symbol nsu. Nsu motorenwerke ag nsu bought in 1969 by volkswagen ag and merged into audi nsu auto union ag.
On march 10 1969 a merger agreement was signed between auto union gmbh and nsu motorenwerke ag. Audi oversees worldwide operations from its headquarters in ingolstadt bavaria germany. In nsu motorenwerke ag.
Audi nsu auto union ag bond certificate 1969 audi is a german automobile manufacturer that designs engineers produces markets and distributes luxury automobiles. Gerd stieler von heydekampf chief executive of nsu at the time was appointed as chairman of the board of management. Nsu motorenwerke ag or nsu was a german manufacturer of automobiles motorcycles and pedal cycles founded in 1873.
The new firm was named audi nsu auto union ag. After being merged with neckarsulm car maker nsu the official name became audi nsu auto union ag which was simply shortened to audi ag in 1985 ending both the auto union and nsu brands.
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