Volkswagen’s corporate structure will be overhauled into a decentralized system with four holding companies, a German newspaper reported Monday.
Handelsblatt, citing company sources, said that former BMW manager Herbert Diess will be in charge of one of these holding companies, which will include the VW, Skoda and Seat passenger car brands, according to Reuters. The upmarket Audi, Lamborghini and Ducati brands will form another holding company and the commercial vehicles brands MAN, Scania and VW Commercial vehicles will form yet another, Handelsblatt said.
Porsche, Bugatti and Bentley will make up the fourth holding company, the newspaper said.