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Lamborghini could be sold or spun off from the Volkswagen Group

Volkswagen is reportedly considering a sale or stock listing for its high-end Lamborghini brand. The German automaker is looking to fold the Italian supercar brand into a separate legal entity, reports Bloomberg, which cites "people familiar with the matter" who don't want to be identified "because the deliberations are confidential and no decisions have been made." Any of this sound familiar? The goal of spinning off Lamborghini would be to stockpile more cash and other resources for VW's massive planned push into electric vehicles. Back in March, reports circulated that Volkswagen's "Vision 2030" corporate plan might include plans to focus on the brand's core brands — VW, Audi and Porsche. That means the futures of fringe players like Lamborghini, Bentley, Bugatti, motorcycle brand Ducati and design firm Italdesign (and note this isn't a comprehensive list of brand's under the expansive VW Group umbrella) are up in the air. VW, according to the report, is targeting a market value of $220 billion, which is a big jump from the brand's current $89 billion valuation. Bloomberg pegged Lamborghini's valuation at around $11 billion back in August, buoyed by sales and profits generated by the introduction of the Urus sport utility vehicle. On the flip side, Lamborghini is currently grappling with how best to update its supercar lineup in the face of ever-increasing emissions regulations.

Audi's Project Artemis woes could delay range of VW Group EVs

Two years ago, Audi's then new CEO Markus Duesmann announced his first big initiative called Project Artemis. The plan's marquee component is "to implement a new lighthouse project for Audi in record time," being "a highly efficient electric car scheduled to be on the road as early as 2024" on a brand new platform that would be shared with Porsche and Bentley. An ex-VW and -Porsche man named Alex Hitzinger, who'd also spent time at Apple working on the tech company's electric car, was brought on board to lead Project Artemis and come up with new ideas. Parent Volkswagen Group said it wanted to become "as agile as in a racing team," removing the bureaucratic molasses and bottlenecks interfering with getting the best product on the road in the best time. However, in any grand venture, failure comes before success. Automobilwoche reports that Artemis is struggling through issues large enough to push the product plans back by years. The issue, as it was with the ID.3 lineup on the eve of that car's launch, is software. Well, that's the latest, largest problem; Artemis has already been through copious struggles before getting to the software bit. Two months after Hitzinger came on, in December 2020, VW raised its EV volume target from 50% to 70% by 2030. That necessitated a rethink of the VW Group's entire platform strategy considering the far greater production scale. Hitzinger only lasted six months in the job, ousted in May 2021, supposedly because Audi believed his ideas were "not suitable for profitable series production" among other reasons. By that time, the pace of software development was already said to be six months behind schedule, with the Car.Software division working on VW.OS 2.0 "not yet running at the speed hoped for." Internal frictions were noteworthy and costly as well. VW's commercial division plant in Hanover was meant to build Artemis vehicles for Audi, Porsche and Bentley, but Automobilwoche reported in January of this year that Porsche paid a ""small three-digit million amount" — like $100 million or so — to get out of the deal mandating its vehicles come from the Hanover facility.    So Audi effectively brought Artemis in-house to lead vehicle development, and Car.Software turned into Cariad to get VW.OS and VW.AC, which stands for Automotive Cloud, to market.  The first Audi vehicle under Project Artemis was planned to arrive by the end of 2024, a production version of the Grandsphere concept.

2020 Bentley Flying Spur First Drive Review | Take off your shoes and stay awhile

MONTE CARLO, Monaco — The all-new Bentley Flying Spur solves one of the principal dilemmas I faced in the principality of Monaco. Despite the tiny tax havenÂ’s prime location on the Mediterranean, and its reputation as a desirable seasonal seaside resort, the prim government there purportedly outlaws the practice of wandering around town topless, or bottomless. However, chauffeur-driven and ensconced in the right rear throne of the flying-B brandÂ’s second-best four-door sedan, with the power-operated privacy screens covering the gun-slit back windows, the seat coolers set to chill, and the front passenger seat pushed forward for maximum reclinage, I was able to abide my favorite Bentley motto: shades up, pants down. (Remind me never to drive with Berk on a press launch. -Ed) This is just one of the many seemingly unforeseen problems that this Bentley's latest and most-wonderful Flying Spur remedies in Monte Carlo (and, probably, elsewhere.) Other examples? Do you need to demonstrate to everyone that you are extremely rich, but prefer to do so in a way that does not involve revving your matte cloud-cover Lamborghini Aventador for the clots of cruise-ship-engorged, selfie-stick tourists bunging up Casino Square? Do you prefer to experience the golden seaside sunlight through the filter of a pair of sunroofs rather than through the searing defenselessness granted by the retracted roof of Bentley's Continental GT? When pulling away from toll stops, do you enjoy utilizing launch control, putting 626 hp and 664 lb-ft to the ground and freaking out surrounding BMW douchery with consistent 3.7-second blasts from 0-60? Again, the Flying Spur being a sedan, all of this can be accomplished from the back seat, where newly expanded legroom, newly ubiquitous knurling, and newly introduced quilted leather — part of the optional $15,000 Mulliner spec — can cosset your every body part. Well, maybe not your feet, but the carpets are quite good for going shoeless. (Geez, he took his shoes off, too? -Ed). Of course, if youÂ’d rather drive than be driven in the third-generation Spur, you can also accomplish all of this from the front seat too. It is hard to say which is preferable, but I typically lean toward taking the wheel. And this position has many merits.