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The Audi emblem of the four rings denotes one of Germany's oldest automobile manufacturers. The four rings symbolize the merge of four independent manufacturers; DKW, Horch, Wanderer and Audi. DKW was originally founded to sell mudguards and lighting systems for motor vehicles. Horch was founded into a share-issuing company. Audi was founded by the previous founder of Horch. Wandered was opened as a repair business for bicycles in Chemnitz. These companies are the foundation pieces on which the present-day AUDI AG is built.