What is the relationship between Bentley and Volkswagen?
1 Answers
Bentley has belonged to the Volkswagen Group since 2003. Introduction to Bentley: Bentley Motors Limited is a world-renowned ultra-luxury car manufacturer headquartered in Crewe, England. Founded in 1919 by Mr. W.O. Bentley, the company was acquired by Rolls-Royce in 1931 due to poor management by its founders, Walter and Owen Bentley, becoming an independent brand under Rolls-Royce. In 1998, BMW intended to acquire Rolls-Royce but lost the overall bid to Volkswagen. Subsequently, the two companies agreed: BMW would pay £40 million for the Rolls-Royce trademark, allowing it to produce Rolls-Royce-branded cars starting in 2003, while Bentley would be acquired by Volkswagen. Since 2003, Volkswagen has been producing Bentley luxury cars at the Crewe plant in the UK. Introduction to Volkswagen: The Volkswagen Group, also known as Volkswagen AG, was founded in 1938 and is headquartered in Wolfsburg, Germany. It is the largest automobile company in Europe and one of the most powerful multinational corporations in the global automotive industry. In 2004, the Volkswagen Group sold 5 million vehicles to consumers worldwide.