NEW COM­PA­NIES IN VW GROUP

The Witness - Wheels - - MOTORING -

GER­MANY’s Han­dels­blatt quoted sources in the VW Group on plans to trans­form VW into four sep­a­rate hold­ing com­pa­nies.

One unit would be in charge of Volk­swa­gen, Skoda and Seat, and led by for­mer BMW ex­ec­u­tive Herbert Diess.

Audi to­gether with its own sub­sidiaries Lam­borgh­ini, Du­cati and de­sign house Italde­sign Gi­u­giaro would form another unit, while Porsche to­gether with ul­tra-lux­ury brands Bu­gatti and Bent­ley would form a third unit. The fourth and fi­nal unit would be made up of com­mer­cial ve­hi­cles brands VW Com­mer­cial Ve­hi­cles, Sca­nia and MAN, ac­cord­ing to the re­port.

The re­or­gan­i­sa­tion is said to be VW Group CEO Martin Win­terkorn’s master plan for the com­pany, which is on track to be­come the num­ber one au­tomaker in terms of vol­ume.

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.