Volkswagen Says It May Spin Off Lamborghini, Ducati
VOLKSWAGEN CEO INDICATES THE COMPANY HAS BEEN WORKING TO RESTRUCTURE ITS PREMIUM ITALIAN BRANDS
(CNN) – Volkswagen’s CEO has indicated the company might spin off its premium Italian brands.
They include Lamborghini and Ducati.
If it happens, they would become separate companies.
This is the same thing Fiat Chrysler did with Ferrari in 2016.
The CEO cautions nothing has been decided.
Volkswagen has also reportedly been considering selling or trading off the Bugatti brand.
Lamborghini’s global sales have nearly doubled in recent years, thanks to the introduction of its crossover SUV.
Ducati is known for high-performance motorcycles and sells about 50,000 a year.