VW is to let Audi unit oversee the British model Bentley: Automobilwoche

© Reuters. Coronavirus disease (COVID-19) outbreak in Crewe

FRANKFURT (Reuters) – Volkswagen (DE 🙂 plans to make the British luxury car manufacturer Bentley a subsidiary of its Audi division in order to achieve economies of scale among its top brands, reported the German specialist magazine Automobilwoche.

Bentley, which will initially be looked after by the head of VW's Porsche business, Oliver Blume, will be part of Audi from next year, where the CEO of the VW Group, Herbert Diess, sees more potential, according to the Automobilwoche.

The synergies could include the use of Audi technology for a new Bentley SUV.

Volkswagen, which refused to comment on the report, is examining the future of its high-performance brands Lamborghini, Bugatti and Ducati as part of a broader drive for greater economies of scale in moving to mass production of electric cars.

Sources familiar with the matter told Reuters this month that Volkswagen was working on plans to prepare Lamborghini for a public listing.

Disclaimer: Fusion Media would like to remind you that the information contained on this website is not necessarily real-time or accurate. All CFDs (stocks, indices, futures) and Forex prices are not provided by exchanges, but by market makers. As a result, prices may not be accurate and may differ from actual market prices. This means that the prices are indicative and not suitable for trading purposes. Therefore, Fusion Media is not responsible for any trading loss you may incur as a result of using this information.

Fusion Media or anyone involved with Fusion Media assumes no liability for any loss or damage caused by reliance on the information contained on this website, such as data, offers, charts and buy / sell signals. Please be fully informed about the risks and costs associated with trading in the financial markets. This is one of the riskiest forms of investment possible.

Related Articles