Wednesday, June 17, 2015

The VW Group

The VW Group

The brands are divided into four holding companies, which are to act independent and deciding. The conversion of the Volkswagen Group takes a newspaper report on concrete forms. The twelve brands of the car manufacturer should be grouped into four units, as the "Handelsblatt" reported from consolidated districts on Monday.

In addition to the already planned holding company for the truck brands VW, Skoda and Seat are to be bundled into a group. Audi will remain unchanged in charge of Lamborghini and Ducati. The luxury brands Bentley and Bugatti to associate with the sports car maker Porsche.

As surely applies to the divisional directors could decide in greater autonomy over production, marketing and sales strategy, the newspaper reported. Alternatively, there are also two other models in which, among other things Porsche and Audi are to merge into a unit.

Reuters had reported on Friday that Winterkorn had met with members of the inner leadership circle in the Braunschweig airport to discuss the restructuring of the Group. The Supervisory Board shall approve Winterkorn plans to refocus the world's second largest after Toyota Auto Group in late September. After that they should be presented to management.

VW declined to comment about the whole debate. "Rumors" says a company spokesman, "we basically do not comment".

Increase of 0.3 percent
The Volkswagen Group received notification from January to May this year, 4.20 (January-May 2014: 4.19; +0.3 percent) million vehicles delivered. "The uneven development of markets shapes the year to date. Even with their highly diversified, young and environmentally friendly model range, the Volkswagen Group brands this situation can not entirely escape, "Group Board Member for Sales Christian Klingler said in Wolfsburg on Friday. "In South America and in the single market of Russia, the market situation remains tense. Europe continues to develop in a positive direction. The new normal is meanwhile in China, where the market situation has changed as expected. "

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