NEW COMPANIES IN VW GROUP
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.