Volkswagen is also reorganizing its brands into new units, with Audi, Bentley, Bugatti and Lamborghini in one group and VW, Seat and Skoda in another. Last week, Volkswagen's new Chief Executive Martin Winterkorn told the Sueddeutsche Zeitung Daily that the carmaker plans a new compact model and does not expect another round of job cuts. Winterkorn, former head of Volkswagen's Audi division, became CEO at the beginning of this year, and has since taken control of the company's core VW brand.