Is Audi owned by FAW-Volkswagen?

Audi's logo is four rings, representing the four companies before the merger. These companies used to be manufacturers of bicycles, motorcycles and passenger cars. So does Audi belong to FAW-Volkswagen?

FAW Audi is a car brand owned by Volkswagen. In fact, not only Audi, but also Porsche and Skoda.

Volkswagen's automobile brands include Volkswagen (Jetta, Passat, LaVida), Audi, Seat, Skoda, Bentley, Bugatti, Lamborghini, Porsche, FAW-Volkswagen Audi, and imported T5 commercial vehicles, Scania and MAN heavy trucks.