12-Oct-56
Volkswagen foothold in South African market
In order to consolidate its position on the South African market, the Volkswagenwerk GmbH acquires an interest in the "South African Motor Assemblers and Distributors Ltd. (SAMAD)", a company in Uitenhage predominately in English hands which imports dismantled Volkswagens and then assembles and sells them. In 1957, interest in the company is increased from 38% to 57.6%.