At a crossroad, VW’s strategic steps could either lead to expanding these businesses or could lead to a spin-off.
Looking at efforts aimed at boosting efficiency and becoming more nimble, Volkswagen, Europe’s biggest carmaker, is looking at the cost benefits of spinning-off its non-core assets, including its motorcycle brand Ducati and transmissions maker Renk, said its new CEO.
“For non-core businesses such as Ducati, Renk and (large engines unit) MAN Diesel & Turbo, we will draw up sustainable future perspectives,” said Herbert Diess on Thursday at its AGM in Berlin.
These deliberations could potentially lead to steps to expand those businesses and to develop growth strategies; however spin-offs “are also conceivable”, said Diess said, without elaborating any further.
($1 = 0.8333 euros)
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