Audi CEO: Not Selling Lamborghini And Ducati

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Rupert Stadler, the Chief Executive Officer of Audi has ruled out the fact that the Volkswagen group will sell the Lamborghini and Ducati brands to offset the cost incurred by the Diesel Gate scandal, according to Reuters.

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At an earnings press conference held at the carmaker's base, Stadler said, "Those brands belong to Audi and, together with us, have an excellent future."

Earlier, after the emission scandal broke out and during its peak, there were rumours saying that the German carmaker could sell off one or two brands that are not profitable to make up for the cost incurred due to the Diesel Gate Scandal. Ducati and Lamborghini were the two brands targeted and now, Stadler has made it clear that the two brands will not be sold.

In another instance, Dietmar Voggenreiter, the Sales Head of Audi said that he expects moderate growth in China, after sales dropped by 1.4 percent for the Audi brand. China is the carmaker's biggest market and in 2015, Audi delivered 5,71,000 units. 

Read more on: #audi #auto news
Story first published: Friday, March 4, 2016, 8:43 [IST]
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