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If VW defaults on loans it may sell Bentley or Lamborghini

If something goes catastrophically wrong with Volkswagen Group's recent $21 billion loan, brands like Bentley or Lamborghini could hit the auction block. According to two insiders to Reuters, the beleaguered German automaker agrees with its creditors to sell assets if the company somehow can't pay back the debt in a year. One of these anonymous people claimed the company hasn't yet deliberated over what to sell. However, the sources were willing to speculate that the power engineering portion of Man could be among the first to go. "Volkswagen may also consider divesting luxury car brands Bentley and Lamborghini or motor bike brand Ducati, although these units don't really move the needle," an insider said to Reuters. VW Group negotiated with the banks earlier this week to get the massive loan. The cash is necessary as a buffer in case the automaker doesn't have enough money on hand to repair vehicles or settle upcoming fines. VW would reportedly issue bonds in the spring to begin paying the debt. The company's bills will start racking up quickly in the new year. German authorities mandate a recall there in early 2016, and repair campaigns in the US for the 2.0- and 3.0-liter diesel engines are inevitable. There are also hundreds of class-action lawsuits to settle. The company needs to resolve its CO2 emissions scandal in Europe, too. In response to these financial threats, VW management created a cost-cutting plan to slash the research and development budget by $1.1 billion next year.

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 builds 20,000th Huracan, looks back on eight years of production

Lamborghini is celebrating a significant milestone: It has built 20,000 examples of the Huracan, its entry-level supercar. While that number might not sound impressive, it cements the V10-powered Huracan's positioning as the Italian firm's best-selling supercar by a wide margin. Finished in an eye-catching color called Grigio Acheso Matte, the 20,000th Huracan is an STO model that was built for an anonymous buyer in Monaco, so you won't find it basking under the spotlights in Lamborghini's official museum. Reaching the 20,000-unit mark also gives the Raging Bull the opportunity to look back on an eight-year-long production run. As of writing, 71% of Huracan buyers have chosen the coupe while 29% have selected the Spyder. The model's main market is the United States; that's where 32% of examples built have been sent. Lamborghini has gone to significant lengths to keep the Huracan fresh and competitive since it started building the model in 2014. An updated variant called EVO was released for 2020; it's available with rear- or all-wheel drive, and the aforementioned STO joined the lineup shortly after to bridge the gap between the production model and the cars that Lamborghini builds for various racing series around the world. The range grew again in 2022 with the unveiling of the Huracan Tecnica, which offers a 631-horsepower V10 engine and rear-wheel drive. Keep in mind that the Huracan remains a niche model made by a small company that used to be even smaller; building 20,000 cars is an impressive feat. Lamborghini manufactured an average of 250 cars annually during the first four decades of its existence. Precisely 1,999 units of the Countach, one of the Raging Bull's most emblematic models, were built during a production run that lasted for 17 years. Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. 2021 Lamborghini Huracan STO hitting the track