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Volkswagen decides to keep Lamborghini and Ducati, transfers Bentley to Audi

Investors in the market for a high-end Italian manufacturer that peddles performance will need to keep looking. Volkswagen announced it will hang on to Lamborghini and Ducati in the foreseeable future. Executives in Wolfsburg, Germany, are making far-reaching changes to the Volkswagen Group to reboot it with a big focus on technology. Credible rumors claimed that the people in charge of the carmaker wanted to carve out Lamborghini — which owns Ducati — and ultimately list it, or at least a chunk of it, on the stock market in order to fast-track the group's electrification strategy. Going electric is expensive, so selling Lamborghini would have helped fund the expansion, and high-octane supercars don't easily go hand-in-hand with zero-emissions cars. "Volkswagen needs to change from a collection of valuable brands and fascinating combustion-engine products that thrill customers with superb engineering to a digital company that reliably operates millions of mobility devices worldwide," summed up Herbert Diess, the group's boss, during a September 2020 meeting. His team ultimately decided not to fully divest both brands. It's too early to tell whether part of Lamborghini will be listed on the stock market, as some insiders have suggested, or if those plans are off the table, too. Changes are coming to Bentley as well. While it's not being spun off either, it will fall under the Audi umbrella starting on March 1, 2021. Volkswagen explained linking the two companies will "allow for synergies to be achieved as part of the electrification strategy of the two premium brands," a statement which suggests they will share a growing number of components during the 2020s. Unverified rumors claim that Bentley will notably get its own version of an ultra-luxurious electric SUV code-named Landjet that Audi is currently developing. We've reached out to Bentley for more details, and we'll update this story if we learn more. Bugatti's future wasn't mentioned in the release; unconfirmed reports suggest it will be traded for a stake in Croatian start-up Rimac. Volkswagen's supervisory board also reaffirmed its support for Diess, who was appointed CEO in 2018 and who has played a significant role in the company's transformation. Finally, the board approved the development of what a statement refers to a future leading electric vehicle sold by the Volkswagen brand that will be developed and manufactured in Wolfsburg.

Volkswagen may 'carve out' Lamborghini to list on the stock exchange

FRANKFURT — Volkswagen is drawing up plans to set up Lamborghini as a more independent unit, and is discussing long-term supply deals that could make it easier to list it on the stock exchange, two sources familiar with the matter told Reuters. "Volkswagen is in the process of carving out Lamborghini, and to organize future supply and technology transfer deals," one of the sources familiar with the matter told Reuters. The Italian sportscar brand, which is currently a division of Audi, could be partially listed, with Volkswagen retaining a controlling stake, the first person familiar with the talks said. There is no formal decision to divest Lamborghini, a second source said, adding that the timetable of any deal remained unclear. "This is a first step which gives VW the option to list the unit further down the line," the second source told Reuters. A third source familiar with the discussions said the future of Bugatti, Lamborghini and Ducati was discussed during a supervisory board meeting last Friday. The possibilities for how to electrify the Lamborghini and Bugatti brands through partnerships and investors was discussed, the third source said. Bankers and potential cornerstone investors in an IPO have been approached by the carmaker, the sources said. Volkswagen declined to comment. Volkswagen Group's Chief Executive Herbert Diess on Wednesday said the carmaker will announce "important steps" about the company's future before the close of the year. Volkswagen is reviewing what role its high-performance brands Lamborghini, Bugatti and Ducati will play within the multi-brand carmaker as part of broader quest for more economies of scale, senior executives told Reuters. A global clampdown on combustion-engined vehicles has forced carmakers to accelerate development of low-emission technology for mainstream models, leaving Volkswagen managers struggling to find resources to electrify low volume sportscar models. Related Video:

Lamborghini plans to release four new models in 2022

Lamborghini set an all-time delivery record in 2021, and almost all of its production capacity for 2022 is already spoken for. It plans to keep the momentum going by releasing four new models in 2022, according to a recent report, including updated variants of its best-sellers. Speaking to British magazine Car, Lamborghini boss Stephan Winkelmann revealed that 2022 will be the last year that the firm launches only cars powered exclusively by an internal combustion engine; everything that comes after will be either a hybrid or electric. We're not there yet, though, and Lamborghini has a few exciting non-electrified products in its pipeline. We'll see two evolutions of the Huracan, the executive confirmed, and we're guessing that one is the rally-inspired model that our spies have spotted testing in the snowy parts of Europe. It looks like the V10-powered coupe will draw inspiration from the Sterrato concept (pictured) that made its debut in June 2019. At the other end of the Raging Bull spectrum, the hot-selling Urus will receive its first major update since its unveiling in 2017. What's intriguing is that Winkelmann said that "the facelift will be split in two." Could one be the hybrid model that's in the works? Time will tell. Those are the four new models that Lamborghini will unveil in 2022 — unless the company has other surprises up its sleeve. Enthusiasts waiting for the Aventador's successor will need to be patient because it's not due out until 2023, according to the same report. When it lands, it will pack a plug-in hybrid powertrain built around a new naturally-aspirated V12 engine. Separate reports claim that the model will be its own thing; it won't borrow styling cues from the Sian introduced in 2019 or from the sold-out born-again Countach presented in 2021. "And then, in 2024, we will have the Urus and the Huracan follow-ups, [and they'll be] plug-in hybrid cars," Winkelmann said. He stopped short of telling Car which engine will power the Huracan's replacement, but the publication speculates that the model will ditch the sonorous V10 and downsize to a V8. Interestingly, the eight-cylinder will reportedly be developed in-house. It will feature a 10,000-rpm redline and it will be capable of burning synthetic fuel. Unverified reports claim that the hybrid system's total output will lie in the vicinity of 850 horsepower.