Bentley and Lamborghini delay the launch of SUVs to save money for Volkswagen

According to reports, ultra-luxury car makers Bentley and Lamborghini will delay the launch of SUV models, thereby saving money for the parent company Volkswagen Group.

Bentley and Lamborghini SUV, schedule or postpone <br> <br> Volkswagen Group's two brands have launched ultra-luxury SUV concept prototype this year. British Bentley unveiled the Bentley EXP 9-F SUV concept car at the Geneva Motor Show in March. The Italian Lamborghini displayed the Urus concept car for the first time in April at the Beijing Auto Show.

However, two people familiar with the matter disclosed that due to the slowdown in vehicle sales growth, Volkswagen will start reducing production in the future, and the progress of the two luxury SUVs in batch production and sales may slow down; on November 23 this year, the VW Supervisory Board will hold a meeting to discuss With regard to the expenditures on equipment, factories and new vehicles, the plan may be re-planned to delay the introduction of new vehicles into the market.

Tim Schuldt, an analyst at Equinet AG in Germany, said: “In the context of the economic crisis, it is an obligation to delay the progress of such vehicles. Delaying the release of these luxury vehicles is not a fantasy. But it really helps to cut spending."

For the above report, Bentley spokesperson Kerstin Sachl did not confirm that it will delay the progress of its first SUV model, but will continue to seek approval from the management of the Volkswagen Group, and is expected to obtain at the end of this year by.

At the Paris Motor Show on September 27th, Lamborghini CEO Stephan Winkelmann stressed that even if the public gives up support for Urus, Lamborghini will continue to develop this model.

The public is facing a slowdown in growth

Volkswagen Group is catching up with General Motors, becoming the second-largest car company in terms of sales volume next to Toyota, and it plans to sell more than 10 million vehicles in 2018, becoming the world's largest automaker. The performance of the general public is relatively strong, but it is also currently facing the slowdown in growth.

As the European auto market continues to decline, the Volkswagen Group has reduced its 2012 production and sales target by 300,000 units from 9.7 million units to 9.4 million units. Last week, Volkswagen shut down the Passat sedan production plant in Emden, Germany, as a step towards reducing production targets.

The German Business Daily reported similar data on Friday and pointed out that Volkswagen’s production and sales target in the European region this year will be reduced by 140,000 vehicles. On September 7th this year, the “Business Daily” disclosed that as the European sovereign debt crisis raged, the auto market continued to decline, so Christian Klingler, the executive director responsible for sales and marketing, was forced to add 9.7 million. The target of the vehicle was reduced by 300,000 to 9.4 million. However, the public denies the claim that it will reduce production of 250,000 vehicles in Europe.

In September this year, Volkswagen’s passenger vehicle brand sold 492,500 units globally. In the same period of 2011, it was 472,100 units, a year-on-year increase of 4.3%. This is the lowest YoY increase in passenger vehicle brands since January of this year (a year-on-year increase of 0.1%).

In the first three quarters, sales of Volkswagen Group in Western Europe fell by 2.8% year-on-year, but better than the overall 7.6% drop in the region.

On September 26, Volkswagen CFO Hans Dieter Poetsch stated at the Paris Motor Show that the decline in demand in the European auto market may force the public to take further cost-saving measures. Ports said: "In such an environment, we need to have large enough liquid assets." For projects that may be cancelled, they commented: "It is normal to cancel unnecessary projects."