The Volkswagen group wants to force the minority shareholders of the subsidiary Audi in a so-called Squeeze-Out procedure from the company. The wolf Burger, the Audi AG have submitted on Friday a formal Request to transfer the shares of the minority shareholders against a "reasonable cash compensation" at the Volkswagen AG, Volkswagen announced. The VW group already owns 99.6 percent of the shares in Audi. In the next annual General meeting of Audi, the transmission of fire should be taken. The Assembly is to be moved to a date in July or August.

Audi will be responsible for the development

The group also announced that the designated new Audi CEO Markus Duesmann will assume responsibility for the group brands, the group's parent company Volkswagen, the responsibility for research and development. "In view of the high dynamics of Change in the industry, we join forces with the Volkswagen group, and to make us competitive for the future," said VW group boss Herbert Diess on Friday, according to the message in Wolfsburg after a meeting of the Supervisory Board. Also, the group part for the development of the future car software operating system is to have its organizational focus in Ingolstadt.

Markus Duesmann will take over in April, the boss's chair at Audi and worked like This even in the case of BMW. In the Volkswagen group Board of management, Porsche chief Oliver flower has an additional function, and the group takes care of cross production in the plants of the group. Stock markets crash due to Coronavirus: Three mistakes may investors make now FOCUS Online stock markets plunge due to Coronavirus: Three mistakes investors are now allowed to not René make return want to save for retirement and have more money now FOCUS Online René return want to save for retirement and have more money now

csf/dpa