The company’s current lineup consists of no less than 340 models spread out across a dozen brands, including SEAT, Volkswagen, Audi, and Porsche. German newspaper Handelsblatt points out that the decision to thin the portfolio is part of a new strategy, but it stopped short of revealing which models are living on borrowed time.
Interestingly, Volkswagen openly admits that its portfolio of cars is about to get smaller.
“A decision on how many models will be phased out or ceased has not been taken yet,” said a company spokesman in an interview with Automotive News.
It’s not just nameplates on the chopping block, either. While Volkswagen has previously made it clear that Italian motorcycle manufacturer Ducati is not for sale, industry rumors claim the group could sell off a few of its many assets in the coming years in a bid to cut costs and recover from the diesel emissions scandal. These include MAN and Scania, two of Europe’s largest truck manufacturers, and side businesses like a company that builds ship engines.