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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:

Report: Lamborghini Urus spells it 'Lanborghini'

Maybe Lamborghini was too busy making shoes. Maybe it was spending too much time on social media. Or maybe it was spending too much time reminiscing about the past. But somewhere along the way, a Lamborghini owner says, somebody accidentally typed "n" instead of "m," spelling "Lanborghini" on the Urus infotainment screen. Based on a report from Carbuzz, the misspelling on one of @TorontoCarNut's Urus screens was the first domino in a slew of electrical issues on the $200,000-plus performance SUV. The owner took the SUV into the shop to fix the misspelling, but numerous issues continued to pop up after the appointment. The Urus rear hatch no longer opens with foot motion, the rear courtesy lights no longer work, and Apple CarPlay doesn't work with WiFi, among other problems. The dealership reportedly offered to give the owner a brand new Urus to resolve the issue, according to this account, but he turned it down. It is expected that brand-new models will have issues during first runs, but it is nonetheless unfortunate to see these types of problems show up on a car that costs so much money and commands a high standard. Are any of the small handful of Urus owners out there reading this? If so, do you have a "Lanborghini" lurking in your infotainment system? This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

Lamborghini implements 4-day workweek for production workers

Wikipedia Lamborghini is planning to implement a four-day workweek for its production workers. The new workweek is a historic industry win; other auto unions have failed to secure the same terms. Other companies that use the four-day workweek have reported high levels of productivity.  On Tuesday, Lamborghini announced a deal with its unions to implement a four-day workweek for car production workers. The unions called the agreement "historical," per Reuters. It is the first agreement of its kind in the European auto industry that reduces working hours without a wage cut — instead, it includes a raise and a one-time bonus of $1,082 in the next month. Overall, the new workweek will mean production workers work up to 31 fewer days a year, according to Road & Track. Lamborghini isn't the only company in Europe to adopt the shortened workweek — others, like the bank Intesa Sanpaolo and eyewear company EssilorLuxottica, have also recently made the change, per Reuters. Companies in Britain that have made the change have reported increased work productivity, better job retention and recruitment rates, and fewer sick days, according to Reuters. Other unions in the auto industry could not get companies like Ford, General Motors, and Stellantis to approve the shortened work hours, per The Street. "Work less and work better, this is the principle that guided this negotiation, and which is part of a comprehensive reasoning," FIOM and FIM-CISL unions said in a statement, per Road & Track. It's been a year of historic developments for the auto industry. In late October, the United Auto Workers strike ended strikes and made tentative agreements with all Big Three Detroit automakers, per previous Business Insider reporting. The deals included 25% raises, cost-of-living adjustments, and more accessible paths to full pay. Plants/Manufacturing UAW/Unions Lamborghini