A report issued by Reuters states the Volkswagen Group will consider selling Lamborghini or Bentley if the company will have problems repaying the loan.
If you haven’t heard yet, Volkswagen is taking a huge €20 billion loan from several banks as the German automotive conglomerate needs the funds to deal with the millions and millions of recalls and also to face the upcoming fines. This is all because of the diesel deceit related to cars equipped with the 1.2 TDI, 1.6 TDI and 2.0 TDI engines of the EA189 family and also larger vehicles fitted with the 3.0-liter V6 TDI.
Sources close to VAG cited by Reuters are saying that if VW won’t be able to pay back the loan in full in 12 months, the corporation could consider selling some of the assets, including Lamborghini or Bentley. However, that might not happen after all since the same source points out these two luxury marques “don’t really move the needle.” He went on to specify the first to go will actually be MAN’s power engineering operations. Another company at risk to be sold is motorcycle manufacturer Ducati.
There’s no word about Audi, but rest assure Volkswagen is smart enough to know the Ingolstadt-based automaker is a cash cow as it generates a lot of profit for the group. As a consequence, it’s unlikely Audi will be separated from the Volkswagen Group.