Shares in this article
FRANKFURT (Dow Jones) – Volkswagen could prepare for the spin-off of Italian holdings such as the motorcycle brand Ducati or the sports car manufacturer Lamborghini. The legal structures of the investments are currently being changed, said CFO Frank Witter during a conference call. The goal is a structure in which VW “can act”, added VW CEO Herbert Diess without giving any specific details. A final decision has not yet been made.
The Italian holdings that belong to the premium subsidiary Audi also include the body manufacturer Italdesign.
The Reuters agency had recently reported, citing circles, that the Wolfsburg-based group was preparing a spin-off of the holdings with the aim of possibly going public with the Italian subsidiaries. VW wants to remain involved in Lamborghini.
Contact the author: [email protected]
(END) Dow Jones Newswires
November 16, 2020 10:52 ET (15:52 GMT)
Current certificates from
The base prospectus as well as the final terms and the key information sheets are available here: JC7M7R, JC4P40. Please also note the further information ** on this advertisement.
*The article has been translated based on the content of Source link by https://www.finanzen.net/nachricht/aktien/vw-bereitet-moeglicherweise-abspaltung-von-ducati-und-lamborghini-vor-9519304
. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!
*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.
*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!
These were the details of the news VW may prepare to split off Ducati and Lamborghini | ... for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.
It is also worth noting that the original news has been published and is available at en24news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.