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Motor1
Motor1
Business
Adrian Padeanu

Volkswagen Group Speaks Out On Reports It Could Sell Some Brands

It feels like Porsche’s decision to walk away from Bugatti Rimac went largely unnoticed, even though it really shouldn’t have. It marked the end of an era, especially for those of us who grew up seeing the Veyron as the ultimate car. With Porsche selling its stake in Bugatti Rimac, Bugatti is no longer part of the Volkswagen Group for the first time since 1998.

A new report from a reputable publication alleges there could be at least one more name crossed off the list of VW Group-owned brands as the automaker looks to raise money to fund its restructuring plan. The Financial Times (subscription required) alleges that the company’s advisers are pushing for additional businesses to be put up for sale, including the motorcycle brand Ducati.

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