The diesel emissions scandal is still far from resolved for Bentley’s owner Volkswagen and the automaker continues to be in the news about how it will fund the growing legal costs. As was reported over a year ago, the unknown cost of the scandal could force VW to sell assets to raise cash for legal costs. Initial discussions included Bentley, Lamborghini and Ducati as VW brands that could be put up for sale. Later VW executives maintained that they wanted to keep Bentley and Lamborghini.
Now a year later, Porsche’s head, Oliver Blume, spoke to Reuters about the possibility of a Bentley sale, saying “There are no considerations to sell anything…”
“There are no considerations to sell anything,” said Oliver Blume, who is also the head of VW’s sportscar maker Porsche. He added that cooperation between Porsche and Bentley has reaped more than the originally targeted 100 million euros in annual synergies.
Bentley’s parent company has realigned its brands into four channels with Bentley and Bugatti rolling up to Porsche’s Board of Directors. The Bentley and Porsche brands will be collaborating on several new models in an effort to save €100 million. The first such vehicle was the 2016 Bentayga, which shared much of its body shell and chassis with the Porsche Cayenne, which itself is a derivative of the VW Toureq. The upcoming all new Continental GT is being co-developed with Porsche, who will be using their version of the chases in the new Porsche Panamera.