autocar-logo
Delhi
Fallback ad for 970x90

Volkswagen Group to be split into four companies

The division of VW will result in designated groups for the company's brands.
1 min read16 Jun '15
Adreesh GhoshalAdreesh Ghoshal
22K+ views
Fallback ad for 728x90

In a strategy to deliver efficiency and enable focussed decision making, Volkswagen AG will be split into four groups, according to Chief Executive Officer Martin Winterkorn. The company currently owns 12 brands, has employee strength of approximately 6,00,000 people and facilities in 119 countries.

Volkswagen Passenger cars, Skoda and SEAT will form one group, which will be led by former BMW manager Herbert Diess starting July 2015.  Audi’s current CEO, Rupert Stadler will be in charge of Audi, Lamborghini and Ducati. Porsche, Bentley and Bugatti will form another unit, with Porsche chief Matthias Mueller at the helm. Ex-Daimler Trucks' boss, Andreas Renschler will head the commercial vehicles division, which includes Volkswagen Commercial Vehicles, Scania and MAN.

Each group will now be responsible for the models it manufactures and sells. Global and group head designations have been eliminated.  The heads of the four groups will now be a part of the VW AG board. Marketing, distribution and service support has been decentralised. The Volkswagen headquarters in Wolfsburg, Germany will be the command centre for all strategic decisions. This will also mean that Martin Winterkorn will now be playing a less influential role in VW affairs.

Fallback ad for 728x90
Fallback ad for 728x90

Maharashtra to ease up vehicle plant set-up process

Number of approvals required to set up businesses to be reduced from 76 to 25.
2 min read16 Jun '15
Nishant ParekhNishant Parekh
Fallback ad for 728x90

Renault Lodgy Stepway launched at Rs 11.99 lakh

The Stepway is based on the 110PS Lodgy's top RxZ trim; available in both seven and eight seat layout
1 min read16 Jun '15
Staff WriterStaff Writer

Renault Lodgy Stepway.

Fallback ad for 728x90

Hyundai Grand i10X launched in Indonesia

The Grand i10X is the cross-hatch version of Hyundai's Grand i10 sold in Indonesia.
1 min read16 Jun '15
Jaiveer MehraJaiveer Mehra
Fallback ad for 728x90

Volvo V40 India launch on June 17, 2015

The Volvo V40 hatchback is expected to have a lot of similarities with its Cross Country sibling.
1 min read15 Jun '15
Jaiveer MehraJaiveer Mehra
Fallback ad for 728x90

Jaguar XJ facelift revealed

Updated Jaguar XJ sedan gets minor styling tweaks and two new trim levels.
1 min read15 Jun '15
Akbar MerchantAkbar Merchant
Fallback ad for 728x90