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Volkswagen may 'carve out' Lamborghini to list on the stock exchange

FRANKFURT — Volkswagen is drawing up plans to set up Lamborghini as a more independent unit, and is discussing long-term supply deals that could make it easier to list it on the stock exchange, two sources familiar with the matter told Reuters. "Volkswagen is in the process of carving out Lamborghini, and to organize future supply and technology transfer deals," one of the sources familiar with the matter told Reuters. The Italian sportscar brand, which is currently a division of Audi, could be partially listed, with Volkswagen retaining a controlling stake, the first person familiar with the talks said. There is no formal decision to divest Lamborghini, a second source said, adding that the timetable of any deal remained unclear. "This is a first step which gives VW the option to list the unit further down the line," the second source told Reuters. A third source familiar with the discussions said the future of Bugatti, Lamborghini and Ducati was discussed during a supervisory board meeting last Friday. The possibilities for how to electrify the Lamborghini and Bugatti brands through partnerships and investors was discussed, the third source said. Bankers and potential cornerstone investors in an IPO have been approached by the carmaker, the sources said. Volkswagen declined to comment. Volkswagen Group's Chief Executive Herbert Diess on Wednesday said the carmaker will announce "important steps" about the company's future before the close of the year. Volkswagen is reviewing what role its high-performance brands Lamborghini, Bugatti and Ducati will play within the multi-brand carmaker as part of broader quest for more economies of scale, senior executives told Reuters. A global clampdown on combustion-engined vehicles has forced carmakers to accelerate development of low-emission technology for mainstream models, leaving Volkswagen managers struggling to find resources to electrify low volume sportscar models. Related Video:

VW and partner SAIC start building $2.5B Audi plant in China

BEIJING — Volkswagen AG's China joint venture with SAIC Motor Corp has started building a $2.5 billion new energy vehicle (NEV) plant in Shanghai, which will make VW's luxury Audi brand cars, a possible first for the venture. The new plant is a key step for Audi to diversify production of its cars in the world's largest car market from its long-standing local partner, China FAW Group Corp. This shift has been delayed amid resistance from local dealers. SAIC Volkswagen said the new plant would have an annual capacity to make 300,000 cars and begin production from 2020. Audi sold 481,387 vehicles in China from January to September this year. The announcement comes the same week Tesla secured a Shanghai location for a Gigafactory battery plant to serve the Chinese market. Audi unveiled the plan to bolster ties with SAIC in late 2016. Earlier this year, the Germany luxury carmaker bought a 1 percent stake in the SAIC Volkswagen venture, paving the way for the joint venture to produce and sell Audi cars. Volkswagen currently gets a larger proportion of the proceeds from the 50-50 tie-up with SAIC than from its 40 percent stake in the venture with FAW. SAIC Volkswagen said in a statement on Friday the plant would cost 17 billion yuan ($2.5 billion) and would make VW and Skoda models as well as Audi cars. It will help VW tap China's fast-growing market for NEVs, a category comprising electric battery cars and plug-in electric hybrid vehicles. ($1 = 6.9314 Chinese yuan renminbi) Reporting by Yilei Sun and Adam JourdanRelated Video: Image Credit: Reuters Green Plants/Manufacturing Audi Volkswagen Skoda Electric Hybrid

Audi S8 Plus packs 605 horsepower

Audi doesn't offer an RS 8, and probably never will. But with the release of the new S8 Plus, we wonder if it will ever have to. Because Ingolstadt's new flagship performance sedan packs a mighty punch. "Plus" doesn't even begin to describe the enhancements Audi and Quattro GmbH have wrought on the ultimate new version of the A8 sedan. Power is increased from 520 horsepower to 605, besting anything else in its class. Only the Mercedes S65, which packs four more cylinders and two additional liters of displacement, offers more horsepower. Torque is quoted at 516 lb-ft – a gain of 35 – and can deliver up to as much as 553 lb-ft in overboost. That bests any eight-cylinder performance sedan save the S63. The force-fed V8s in the Jaguar XJR, Maserati Quattroporte, and outgoing Alpina B7 don't stand a chance. All that muscle translates to a 0-62 time quoted at 3.8 seconds. Top speed is governed as usual to 155 miles per hour, but can be derestricted to nearly 190 with the Dynamic package that comes standard in Germany – one of the few places where top speed actually matters. Carbon-ceramic brakes keep all that power and pace in check, nestled inside 21-inch wheels. Naturally, Audi gives the S8 Plus a wide array of visual upgrades inside and out to set it apart from "lesser" versions, and is offering it in an exclusive matte silver finish. Of course none of those enhancements come cheap. In its home market come the end of November, Audi will charge 145,200 euros for the S8 Plus, representing a 28k premium over the existing S8. That also places this as the new top of the line, commanding a higher price than even the long-wheelbase, dozen-cylinder A8 L W12. We're waiting on word as to whether Audi will bring the new S8 Plus to America, where it would likely similarly cost over $140k. The pinnacle of sportiness – the new Audi S8 plus - Highest powered sport sedan in the premium segment - 4.0 TFSI engine outputs 445 kW (605 hp) and up to 750 Nm (553.2 lb ft) - Zero to 100 km/h (62.1 mph) in 3.8 seconds; top speed of up to 305 km/h (189.5 mph). Audi is making a strong statement with the new S8 plus*. With a power output of 445 kW (605 hp) and a top speed of up to 305 km/h (189.5 mph), the new Audi S8 plus* delivers even more enhanced driving performance. The new top model is reinforcing the brand's position in the segment of premium class sedans. "We have further sharpened our large sport sedan," says Prof. Dr.