lamboblogging

Understanding that the VW group is looking to make cuts to its portfolio in order to increase cash for the massive electrification of its product fleet, Saab AB and Hallandia AB have some interests in the subsidiaries you have been rumored to be offloading.

Saab AB will be reforming Saab Auto AB though for now it may simply be an automobile holding company for Saab as it tries to chart a course for the renewal of its auto division. However, still pushing forward with the plan, Saab AB would like to purchase Ducati Motor Holding S.p.A., Bugatti Automobiles S.A.S. and Automobile Lamborghini S.p.A. from the VW Group. We will get to preserve three of the most storied automobile brands, while the VW Group will get the critical funds it needs to complete its electrification goals.

MAN Energy Solutions SE is another subsidiary that has been deemed expendable. Hallandia AB in a joint bid with Investor AB, would like to add it to our joint portfolio, as we believe we can find use out of its products, while providing the VW Group the funds that are needed.

These divestures will allow the VW Group to trim the fat in order to be more profitable, something it has been trying to do for some time. It will also allow these manufacturers to remain European, and not to be bought up by Chinese conglomerates, which has become too much of the norm. We hope we can come to an agreement with VW Group in these divestures.

M: Sorry for almost back to back posts to same person. I would have done a combination if I had thought about it before I submitted. Now its too late to do that/M

Submitted February 01, 2021 at 12:17PM by d3vilsfire https://ift.tt/3oB7Lvy