In recent months, there has been a lot of speculation about the future of premium brands in the Volkswagen Group. The parent brand needs to invest in electromobility and other challenges, so the sale of these divisions would be useful, according to many voices.
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However, Monday’s announcement by the Supervisory Board assures that the Italian brands Lamborghini and Ducati remain in the group. Like the British Bentley, which will move under the leadership of Audi from March 1, 2021.
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The question mark still hangs over the French brand Bugatti. Speculation about the sale of a supersport manufacturer or another agreement with the Croatian electric car manufacturer Rimac was not refuted by the Supervisory Board.
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The Group’s Supervisory Board also expressed its full support for Chief Herbert Diess and his new executive team in the transformation of the carmaker. However, she did not renew his contract prematurely.
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“The Chairman of the Board of Directors and his new team have the full support of the Supervisory Board in terms of moving to electromobility, digitization, but also in terms of increasing efficiency and profitability for all brands and in all parts of the group,” the board added.
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