cover image


German automotive manufacturer / From Wikipedia, the free encyclopedia

Dear Wikiwand AI, let's keep it short by simply answering these key questions:

Can you list the top facts and stats about Vorsprung durch Technik?

Summarize this article for a 10 years old


Audi AG (German: [ˈaʊ̯di ʔaːˈɡeː] OW-dee) is a German automotive manufacturer of luxury vehicles headquartered in Ingolstadt, Bavaria, Germany. As a subsidiary of its parent company, the Volkswagen Group, Audi produces vehicles in nine production facilities worldwide.

Quick facts: Type, Industry, Predecessors, Founded, Founde...
Audi AG
TypeSubsidiary (AG)
FounderAugust Horch[2]
Number of locations
13 production facilities in 10 countries[3]
Area served
Key people
Markus Duesmann
(Chairman of the Board of Management & Board of Management Member for Technical Development and Product Lines)
ProductsLuxury vehicles
Production output
Decrease 1,802,073 units[4]
RevenueDecrease €55.680 billion (2019)[5]
Increase €4.509 billion (2019)[5]
Increase €3.943 billion (2019)[5]
Total assetsIncrease €66.878 billion (2019)[5]
Total equityDecrease €28.395 billion (2019)[5]
Number of employees
90,783 (12/2019)[6]
ParentVolkswagen Group
  • Audi Germany
  • Audi Brussels
  • Audi Mexico
  • Audi Hungaria
  • Audi China
  • Audi do Brasil
  • Audi India
  • Audi Slovakia
  • Audi Spain
  • Audi Russia
Footnotes / references
Audi History: Chronicle,[7] 2011 Annual Financial Report[8]

The origins of the company are complex, dating back to the early 20th century and the initial enterprises (Horch and the Audiwerke) founded by engineer August Horch (1868–1951). Two other manufacturers (DKW and Wanderer) also contributed to the foundation of Auto Union in 1932. The modern Audi era began in the 1960s, when Auto Union was acquired by Volkswagen from Daimler-Benz.[9] After relaunching the Audi brand with the 1965 introduction of the Audi F103 series, Volkswagen merged Auto Union with NSU Motorenwerke in 1969, thus creating the present-day form of the company.

The company name is based on the Latin translation of the surname of the founder, August Horch. Horch, meaning "listen", becomes audi in Latin. The four rings of the Audi logo each represent one of four car companies that banded together to create Audi's predecessor company, Auto Union. Audi's slogan is Vorsprung durch Technik, which is translated as "Progress through Technology".[10] Audi, along with German brands BMW and Mercedes-Benz, is among the best-selling luxury automobile brands in the world.[11]