Well, almost. That'd be one bridge too far, but they are closing the divide by developing car stereos. The project is reportedly being undertaken with Panasonic, and developed specifically for Volkswagen.
The Fender-Panasonic systems will reportedly be deployed first on the Jetta, then the New Beetle and finally the new Tennessee-built Passat. Whether the VWs carrying the new audio systems will be special editions with unique "fender badges" remains to be seen.
[Source: Automotive News – subs. req'd]