Volkswagen this weekend rejected a report by Germany’s Leipziger Volkszeitung that the automaker was considering selling off its Lamborghini and Bugatti brands. A company spokesperson told Dow Jones Newswires the rumors are “nonsense” and that VW is also not planning to stop production of the Phaeton sedan, as the report had suggested. Late last year, VW pulled the Phaeton from the U.S. market.
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