60 Years Ago, Daimler-Benz Acquired Auto Union

[source: Daimler-Benz] In April 1958 the then Daimler-Benz AG acquired a majority in Auto Union GmbH. All the remaining shares followed on 31 December 1959. By 1960, Auto Union was therefore a wholly-owned subsidiary of Daimler-Benz. Important moves for the future were made in the period up to 1 January 1965, when Volkswagen acquired a majority in Auto Union from Daimler-Benz: From 1961, the major Mercedes-Benz plant in Düsseldorf was constructed on a site previously operated by Au...