July 2008, making Scania the 9th marque of the Volkswagen Group. Volkswagen Truck & Bus: 100% ownership — Volkswagen's Brazilian heavy truck and bus division. Sold by Volkswagen Group to MAN SE in December 2008 and from that point was also known as MAN Latin America. In November 2011, Volkswagen acquired a majority of the shares in MAN SE, bringing Volkswagen Truck & Bus back into the group. Transferred to TRATON SE after it merged with MAN SE in August 2021. Volkswagen Commercial Vehicles (): 100% ownership — Volkswagen's light commercial vehicle division started operations as an independent entity in 1995. Volkswagen Passenger Cars: 100% ownership — the founding and flagship marque of the company.Other subsidiaries and shareholdings: Bugatti Rimac: Joint venture between Porsche AG (45%) and Rimac Group (55%). MOIA: 100% ownership — new mobility services company. Italdesign Giugiaro S.p.A.: 100% ownership — 90.1% acquired via Lamborghini S.p.A. in May 2010. Remaining shares transferred in July 2015. IAV: 50% ownership. Diconium: 100% ownership — since January 2020. PayByPhone: a pay by phone parking service that allows users to pay for parking remotely. The service processes more than US$740 million / €660 million Euros in payments and more than 5 million downloads a year. The Group also owns five defunct marques which are managed through the companies Auto Union GmbH and NSU GmbH, both of which are 100% owned by AUDI AG: Auto Union — the Auto Union company, together with NSU Motorenwerke AG (NSU), were merged into "Audi NSU Auto-Union AG" in 1969. The name was shortened to "AUDI AG" in 1985, and the interlocked four-ring badge from Auto Union is still used by AUDI AG. Dampf-Kraft-Wagen (DKW) Horch NSU Motorenwerke AG (NSU) – bought in 1969 by Volkswagen AG, and merged into "Audi NSU Auto-Union AG"; the NSU brand has not been used since 1977, while the former NSU manufacturing plant at Neckarsulm is still used for Audi assembly. Wanderer Corporate affairs Ownership Under the Volkswagen Law, no shareholder in Volkswagen AG could exercise more than 20 percent of the firm's voting rights, regardless of their level of stock holding. This law was supposed to protect Volkswagen Group from takeovers. In October 2005, Porsche acquired an 18.53 percent stake in the business, and in July 2006, Porsche increased that ownership to more than 25 percent. Analysts disagreed as to whether the investment was a good fit for Porsche's