From Leftlane News
Report: VW could shed or shakeup Lamborghini, Bugatti
Some individuals in the automotive world are interpreting recent comments by a top Volkswagen board member as an indication the company might spin-off or sell its Lamborghini and Bugatti brands. In an interview with industry trade publication Automotive News, Porsche AG CEO Wendelin Wiedeking made his feelings on the fate of the two exotics brands clear — "no toys anymore," he said.
Wiedeking is a member of VW's supervisory board, and Porsche is soon to expand its stake in the company to 29.9 percent. Increase its investment any higher, and Porsche would have to make a formal bid to take over VW, according to German law.
Mr. Wiedeking was recently reported to be putting pressure on VW to make major changes at Bugatti, which is currently unprofitable. Considering Lamborghini's relative success, it's unclear what sort of changes could be made at the company to satisfy Wiedeking. One distinct possibility would be the sale of both brands, providing more room for Audi and Bentley to breath. Wiedeking made it clear, however, he did not want Porsche and VW to merge. "We want to keep Porsche completely independent of all VW brands" says Wiedeking. Of course, Porsche and VW will continue to share parts and technology behind the scenes.
-- good to hear that Porsche wants to be independent of VW and yet there's the Cayenne... at least it sells. If this is official, then it's highly unlikely to pursue plans of producing a 1200hp Veyron. I'm worried more for Lamborghini but then again, breaking off from VW might eliminate plans for an SUV
VW could shed or shakeup Lamborghini, Bugatti
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