Tuesday, 19 November, 2019

Volkswagen denies plans for sale or stock listing for Lamborghini

VW Says No Plans for Sale or IPO of Lamborghini Volkswagen Group could sell Lamborghini - report
Russell Knight | 16 October, 2019, 11:38

Volkswagen doesn't expect its new focus on electric cars - in order to avoid heavy European Union regulatory sanctions - to hurt its profit margins, Chief Executive Herbert Diess in a newspaper report today.

That said, the final decision hasn't been met yet, and the official sale statement (if any) will be published no sooner than late 2020.

Bloomberg reported on Friday that Volkswagen was readying to fold Lamborghini into a separate legal entity, in a process that may wind up toward the end of next year, and to focus VW's future expansion on the group's main global brands Volkswagen, Porsche and Audi. "Speculation to this effect is unfounded", the spokesman said.

Lamborghini could be the next supercar brand to be made public, following the likes of Aston Martin and Ferrari. Sales of the Urus SUV have soared since its introduction in mid-2018.

Megyn Kelly to Return to Fox News for Interview With Tucker Carlson
With the 2020 election rapidly approaching, it was only a matter of time before Megyn Kelly slithered back into the spotlight. On Monday, Fox News host Tucker Carlson announced that she would be returning to Fox for the first time since her departure.

Cuba Gooding Jr. Accused Of Sexual Misconduct By Three New Women
According to TMZ , the woman can be seen telling the security guard, "Yes, he did", while Cuba walks past her and leaves the bar. Another woman alleges that Gooding snuck up behind her and bit her shoulder in 2006 at an event in Hollywood.

How To Watch Democratic Debate, Who Will Be There & What To Expect
Mr Biden is under increasing pressure as Ms Warren went from nipping at his heels in the polls to overtaking him in recent weeks. Biden warned against "demonizing wealth", but he said he would double the taxation of capital gains collected by stock investors.

Diess, who took the helm in April 2018, has shown some success, completing an IPO of the Traton truck unit earlier this year.

VW plans to increase its market value from 89 to 220 billion United States dollars by 2030 - and won't hesitate to get rid of some of its assets to do so, it seems. He's targeting a market value for Volkswagen of 200 billion euros, the people said, from about 81 billion euros now.

As the auto industry adapts to changing technology and new standards, automakers as we know them may undergo a rather abrupt shakeup.

The German automaker's American depositary receipts climbed 4.8 per cent to US$17.68 in NY trading Friday. Still, smaller nameplates might face reshuffling going forward.

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