Volkswagen‘s diesel emissions scandal led CEO Matthias Mueller to make thorough evaluation of the automaker’s strategies. As per Bloomberg, Mueller is studying a move away from group-wide development, the future function of EVs, and how the automaker’s 12 brands and side operations suit the whole. Mueller will describe the plan to the media on Thursday.
The method review might drive Volkswagen to sell Ducati, the Scania and Man truck brand names, and Man Diesel and Turbo, which develops aquatic and device engines. Each sale might produce some much-needed money for the group. Volkswagen has actually set aside $18.2 billion to cover fines and repair expenses for the 11 million vehicles that use emissions-cheating software application, but boosting its coffers with a possession sale could still be appealing.
This is not the first time that Volkswagen is planning of selling some of its brands. In December 2015, a Reuters report pointed to Man’s sale, with Bentley, Lamborghini, or Ducati, if the automaker were to default on a loan of $21 billion.
