An interesting report coming from Germany states Volkswagen will be revamped into four holding companies.

An interesting report coming from Germany states Volkswagen will be revamped into four holding companies.

Handelsblatt is citing sources close to the Volkswagen Group who are saying the corporate structure is about to be overhauled by implementing a decentralized configuration with four individual holding companies. It seems ex BMW manager Herbert Diess will be in charge of one of these four holdings which will come to life as a measure to cut costs, especially those related to manufacturing.

VAG isn't saying a word yet about these rumors, but it is believed the first holding will encompass Volkswagen, Skoda and SEAT while Audi, Lamborghini and Ducati will form the second one. The third holding is believed to include MAN, Scania and Volkswagen Commercial Vehicles while the fourth and final one will have Bugatti, Porsche and Bentley.

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