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Forthy years ago NSU Motorenwerke AG and Auto Union GmbH merged
More of these articles and much more automotive news can be found on: Automotive News 1969: the first day of Audi NSU Auto Union, the company that would later develop into the AUDI AG we know today, was a momentous occasion. Following at times heated discussions at the extraordinary general meeting of NSU Motorenwerke AG held 40 years ago, the NSU stockholders finally approved a merger with the VW subsidiary Auto Union GmbH. The press dubbed the event the “stockholders meeting of the year” – after all, the birth of the new company was not without its share of controversy. Having taken over the controlling stake in Auto Union GmbH in December 1964, Volkswagen, in search of new production capacity, went on to gradually acquire a majority interest in NSU Motorenwerke AG … Read entire article »
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