Volkswagen Group rejects $11.8 billion offer for Lamborghini – report

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Volkswagen Group has declined an offer of AU$11.8 billion (US$9.2B) to sell the Lamborghini brand.

 

According to British magazine Autocar, Volkswagen Group subsidiary Audi – charged with managing Lamborghini – has shown no interest in the idea.

Whispers of the supercar manufacturer's sale persisted throughout late 2020, with industry insiders suggesting Volkswagen Group was preparing to offload both Lamborghini and Ducati, before the rumours were officially put to bed in December.

 

"There is agreement on the Board that Lamborghini and Ducati will remain part of the Volkswagen Group," a statement from the car giant read at the time.

Together with a British investment firm, the Swiss Quantum Group put forward the US$9.2 billion offer.

 

Quantum boss Rea Stark Rajcic founded company Piech Automotive with Anton Piech – son of Volkswagen patriarch Ferdinand Piech. The company debuted an electric sports car at the Geneva motor show in 2019.

 

In late 2019, business news outlet Bloomberg reported the Lamborghini brand was valued at US$11 billion (AU$14B).

"This is not the subject of any discussion within the group," an Audi spokesperson told news outlet Automotive News Europe this week. "Lamborghini is not for sale."

 

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