What's the Deal with Tudor?

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I've seen a few Rolex watches with the name "Tudor" on them, what's the deal?

Are these companies associated?
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Tudor is to Rolex as Buick is to Cadillac.
In the old days, the brands shared many of the same exterior components - cases and the like - and, rarely, movements. However, the vast majority of Tudors use ETA movements, not Rolex movements.
Lastly, do not buy a watch with a dial that says "Rolex Tudor" or a Tudor that has been redailed to say "Rolex."
I could go on, but I hope this answers your question
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