Volkswagen Group considers selling brands amid manufacturing and export troubles
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Volkswagen Group is considering selling some of its brands as part of a big restructuring.
The company says it needs to "transform profoundly" because its old way of doing business just isn't working anymore, thanks to tough times in manufacturing and exporting cars.
Volkswagen plans 51% Everllence sale €7.4bn
To raise cash and streamline operations, VW is reportedly looking at selling Ducati and putting part of Lamborghini on the stock market under Audi.
VW just announced plans to sell a 51% stake in Everllence Marine Engines for €7.4 billion, and Porsche recently ended VW's long run with Bugatti.
On top of that, there are talks about major job cuts, possibly up to 100,000 positions, and even closing four factories.