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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:

Autoblog Minute: Nokia to sell Here mapping for $3.1B

In a three company partnership the German automakers BMW, Audi and Daimler are set to take ownership of Nokia's Here mapping technology. Autoblog's Eddie Sabatini reports on this edition of Autoblog Minute. Show full video transcript text [00:00:00] In a battle for Nokia's highly coveted mapping technology the auto industry claims victory over Silicon Valley. I'm Eddie Sabatini and this is your Autoblog Minute. In a three company partnership the German automakers BMW, Audi and Daimler are set to take ownership of Nokia's Here mapping technology. The Wall Street Journal writes that the automakers had concerns that the technology might fall under the [00:00:30]control of companies like Google, Uber, or Apple. The purchase, worth a reported 3.1 billion dollars, is still subject to antitrust evaluation before it's finalized; but this early news is already a big win for the German three. Ownership of Nokia's Here tech means that automakers won't lose control of the information systems that go into their cars. The deal, if approved, is expected to close in first quarter of 2016. For Autoblog, I'm Eddie Sabatini. [00:01:00] Autoblog Minute Logo Autoblog Minute is a short-form video news series reporting on all things automotive. Each segment offers a quick and clear picture of what's happening in the automotive industry from the perspective of Autoblog's expert editorial staff, auto executives, and industry professionals. Audi BMW Autoblog Minute Videos Original Video

The super-luxury Audi Q8 concept is coming to the Detroit Auto Show

We've known the Q8 was on the way since last May, and now we'll get a better glimpse of the range-topping Audi SUV at the 2017 North American International Auto Show. The Q8 is, according to CEO Rupert Stadler, "a sporty Q derivative." It also has the same phonetic pronunciation at the country of Kuwait. To be clear, the vehicle coming to the Detroit show is the Q8 concept, so expect the standard treatment for thinly-disguised production cars like giant wheels and impossibly-small side mirrors. According to a leaked document from earlier this year, the production Q8 comes sometime in 2018. Like most teasers for auto-show reveals, this one only gives us a rough idea of what the car will look like. In this case, that's big, bold, and imposing. Or, as the press release states: "The octagonal Singleframe is considerably wider than that in Audi's current production Q models. Enhancing the forward positioned stance, is dynamic three-dimensional sculpting." We put the quote there to prove you can't make this stuff up. The next sentence in the release says there are design elements reminiscent of the 1980's Audi Quattro, which we consider a positive. According to the latest press conference schedule, expect the Q8 concept to debut at 8:00 AM on Monday, January 9.Related Video: Image Credit: Audi Detroit Auto Show Audi Crossover SUV Concept Cars Luxury 2017 Detroit Auto Show