By , , They said the German carmaker is looking to make Lamborghini a more independent unit within its stable of car brands and is discussing long-term supply deals, both steps which would make it easier to carry out an initial public offering (IPO).“This is a first step which gives VW the option to list the unit further down the line,” one of the sources familiar with the discussions about the future of Lamborghini told Reuters.The source said there was no formal decision to divest Lamborghini and the timetable of any deal remained unclear.A second source familiar with the talks about...…By , , They said the German carmaker is looking to make Lamborghini a more independent unit within its stable of car brands and is discussing long-term supply deals, both steps which would make it easier to carry out an initial public offering (IPO).“This is a first step which gives VW the option to list the unit further down the line,” one of the sources familiar with the discussions about the future of Lamborghini told Reuters.The source said there was no formal decision to divest Lamborghini and the timetable of any deal remained unclear.A second source familiar with the talks about...WW…

By The German manufacturer of BMWs, Minis and Rolls-Royces said sales had started to recover during the latest three-month period, including a 17% jump in deliveries in China, but the rebound would not fully make up for sales lost to COVID-19.As a result of the sales slide, and higher costs for developing low-emission cars, BMW posted a pretax loss of 498 million euros, its first in over 11 years, and an operating loss of 666 million euros ($790 million) for the quarter.Shares in BMW fell 3% following the results, with some analysts saying they had not expected such a big loss in earnings...…By The German manufacturer of BMWs, Minis and Rolls-Royces said sales had started to recover during the latest three-month period, including a 17% jump in deliveries in China, but the rebound would not fully make up for sales lost to COVID-19.As a result of the sales slide, and higher costs for developing low-emission cars, BMW posted a pretax loss of 498 million euros, its first in over 11 years, and an operating loss of 666 million euros ($790 million) for the quarter.Shares in BMW fell 3% following the results, with some analysts saying they had not expected such a big loss in earnings...WW…

By , The luxury carmaker said in an emailed statement that it is reviewing its management team but declined to comment on Palmer’s fate.The Financial Times newspaper had reported earlier that the Aston Martin chief was going to leave as part of a shake-up of its leadership, with an official announcement expected on Tuesday.Palmer had not been informed of the upcoming announcement, the newspaper reported.Aston Martin, famed for being fictional secret agent James Bond’s car of choice, has seen its share price plummet since floating in October 2018.The 107-year old British luxury carmaker...…By , The luxury carmaker said in an emailed statement that it is reviewing its management team but declined to comment on Palmer’s fate.The Financial Times newspaper had reported earlier that the Aston Martin chief was going to leave as part of a shake-up of its leadership, with an official announcement expected on Tuesday.Palmer had not been informed of the upcoming announcement, the newspaper reported.Aston Martin, famed for being fictional secret agent James Bond’s car of choice, has seen its share price plummet since floating in October 2018.The 107-year old British luxury carmaker...WW…