A few days ago, a report by The Financial Times indicated that Volkswagen's executives were being advised by its own financial advisors, as well as outside advisers, to sell off arms of the brand's worldwide business, including that of motorcycle maker Ducati.
The report comes on the heels of CEO Oliver Blume stating that he intended to lay off over 100,000 employees of the company's 600,000-plus-person workforce. Moreover, VW recently sold off the brand's marine engine manufacturer and Bugatti, both of which were seen as successful transactions for the beleaguered company.
At the time, however, no one from Volkswagen's leadership, beyond Blume's comments, commented on The Financial Times' report one way or another. RideApart reached out to Volkswagen for a comment, too, and the automaker replied with a prepared statement. And though you'd likely think the brand would deny the content within the original report, the reply doesn't exactly do anything to dissuade us from believing its veracity.
Take a look.
The Industry Is Going Through It Right Now
