Volkswagen Group just put the final nail into the coffin rumors that they are planning to sell some of their brands.
In a recent meeting, the supervisory board agreed that both Lamborghini and Ducati are to continue to be part of the Volkswagen Group. This official announcement has put to rest the circulating rumors that the company was looking to off-load both Italian companies in search of manufacturing and production efficiencies.
The new announcement also confirmed that Bentley remains under Volkswagen's ownership. However, effective March 1, 2021, the Bentley brand will fall under the management responsibility of Audi. According to the board, the restructuring will allow the two brands to find synergies in their electrification strategies.
“With its decision today, the Volkswagen Group is demonstrating its determination to continue to press forward with the changes in the automotive sector at great speed. At the same time, the Group will continue to actively bring about the successful transformation of the company and its sites. With our forward-looking, solid planning in the transformation and conversion of the sites, we will set an example for the entire sector in the future as well,” said Hans Dieter Pötsch, Chairman of the Supervisory Board.
But what about Bugatti's future? Back in September, the company was looking to sell Bugatti to Rimac. Volkswagen did not mention anything regarding Bugatti's future, but they also didn't mention anything with regards to selling the French supercar maker outright. Plus, Stephan Winkelmann, who recently returned as the boss of Lamborghini, will continue to head Bugatti.
With that, it looks like Bugatti, Ducati, and Lamborghini will continue to be under Volkswagen's wing.