The Volkswagen Group has received a €7.5 billion (£6.49bn) offer for Automobili Lamborghini, Autocar can reveal exclusively.
The non-binding offer, made in a letter of intent sent to the Volkswagen Group earlier this month, sets out terms for the purchase of Automobili Lamborghini by Quantum Group AG.
The newly established Zurich-based holding company has formed a consortium with London-based investment firm Centricus Asset Management with the aim of creating what it describes as a “technology and lifestyle investment platform” under the working title Outlook 2030.
Quantum Group AG is represented in the acquisition offer for Lamborghini by Rea Stark, a co-founder of Piech Automotive, the Zurich-based company behind the Piëch Mark Zero GT revealed at the 2019 Geneva motor show.
Also among Piëch Automotive executives are Anton Piëch, son of former Volkswagen Group chairman Ferdinand Piëch, and ex-Porsche CEO Matthias Müller. However, it is not known at this stage if they are involved in the acquisition offer.
The acquisition of Automobili Lamborghini, including its storied Sant’Agata manufacturing headquarters in Italy as well as its motorsport operations, is claimed to be central to the investment interests of Quantum Group AG, which is seeking discussions with the Volkswagen Group as a formal step towards carrying out initial due diligence on the company.
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Both Volkswagen Group chairman Herbert Diess and Audi chairman Markus Duesmann are claimed to have knowledge of the acquisition offer for Lamborghini, a copy of which - along with other confidential documents, including a so-called 'Vision Book' outlining key elements of the purchase proposal - has been obtained by Autocar.
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If Lamborghini is worth £6.4bn, we really are in an economic bubble of the super rich
Bugatti, on the other hand, might well survive in the EV era, for it can be sold as 'contemporary luxury' (against Bentley and Rolls Royce's traditional luxury) which is as valid in ICE as EV
I think the VW ownership has been the best and least turbulent of Lamborghini's entire history. I believe it could be a disaster for Lamborghini to be sold off ..... potentially another owner with big ideas which might ultimately fail.
VW have allowed the brand to absolutely keep its Italian flair, and hopefully allow owners to complete their journies on the road rather than the back of a recovery vehicle. They have been excellent caretakers.
It is easy to forget how often we have seen headlines of another period of uncertainty through collapse of the parent company across the years. Its a miracle tha Lamborghini is still here at all!