Filed under: Audi,Bugatti,Lamborghini,Motorcycle,Electric,Performance,Supercars
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 organise 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 bContinue reading Volkswagen may 'carve out' Lamborghini to list on the stock exchange
Volkswagen may 'carve out' Lamborghini to list on the stock exchange originally appeared on Autoblog on Thu, 1 Oct 2020 08:42:00 EDT. Please see our terms for use of feeds.
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The announcement comes two months after Harley unveiled a strategy to shift focus back to more profitable motorcycles and core markets such as the United States. Harley said earlier in the year that it planned to reduce its product portfolio and exit lower volume markets, without specifying which ones. The company said it now expects total restructuring costs of about $169 million in 2020, and this will also include a workforce reduction of about 70 employees in India, a market where its annua
As little as three weeks ago, cases were increasing in only three states, Hawaii, Illinois and South Dakota, according to an analysis comparing cases for the two-week period of Aug. 8-22 with the past two weeks. On a percentage basis, South Dakota had the biggest increase over the past two weeks at 126%, reporting over 3,700 new cases. Health officials have linked some of the rise to hundreds of thousands of motorcyclists who descended on Sturgis, South Dakota, for an annual rally in August.
A Minnesota man who attended the Sturgis Motorcycle Rally in South Dakota last month has died from COVID-19, Minnesota health officials reported on Wednesday. It is the first reported coronavirus death that might be linked to the biker rally. The 10-day rally went forward despite fears it could become a super-spread event, with South Dakota Gov. Kristi Noem welcoming bikers and the tourist dollars they spend.
South Dakota health officials warned Thursday that a number of people who attended the 10-day Sturgis Motorcycle Rally this month, including some who came from out of state, have come down with COVID-19. Department of Health officials did not give an exact number of rallygoers who tested positive, but they said it was under 25. The state's health department has received reports from other states that people who traveled from the rally have tested positive, state epidemiologist Josh Clayton sai