Volkswagen AG owns the luxury brands Porsche and Audi through its Volkswagen Group subsidiary structure.
Volkswagen Group is a German automotive conglomerate whose portfolio includes Volkswagen passenger cars, Audi, Porsche, Škoda, SEAT, Bentley, Lamborghini, and Ducati. Porsche AG became a separately listed company in 2022, but Volkswagen AG retained control through its ownership structure.
Audi joined the Volkswagen Group in stages, with Volkswagen acquiring a controlling stake in Auto Union in 1965 and taking full ownership in 1966. Porsche became closely integrated with Volkswagen after the companies' ownership relationship was reorganized in 2012.
Volkswagen AG is sometimes confused with Volkswagen Passenger Cars, the individual brand. The publicly traded parent and the flagship car brand are related but are not identical, a distinction that matters when discussing corporate value and market capitalization.