VAG has received an offer it will not be able to refuse

VAG has received an offer it will not be able to refuse

FineAuto

The Swiss investment company Quantum Group AG wants to buy out the Automobili Lamborghini division (production of supercars) from Volkswagen. Quantum has offered the Germans € 7.5 billion. Whether Volkswagen is ready to discuss this proposal – there is no information yet, writes the British edition of Autocar.

The investment group Quantum Group AG may have an indirect relationship with the Porsche family. Specifically, Ri Stark representing Quantum is the co-founder of Piech Automotive. It was founded in 2019 by Anton Pich, the son of the former (from 1993 to 2002) head of Volkswagen AG Ferdinand Pich and the great-grandson of the legendary engineer and entrepreneur Ferdinand Porsche.

The Quantum Group wants to receive both the entire production complex in the Italian Sant’Agata Bolognese, and the rights to the Lamborghini brand. The proposal implies a five-year agreement with Audi, which will allow the continued production of the current Lamborghini models (they widely use the technology of the German company).

Rumors about a possible sale of the Lamborghini brand have been appearing for several years. In 2020, Reuters announced the intention of Volkswagen AG to get rid of the Italian company in whole or in part (in particular, to conduct an IPO, that is, to release shares for free circulation). This supposedly fits into the new strategy of CEO Herbert Diess, who is about to restructure the empire created by Ferdinand Piech. He adhered to extensive development and during the 90s bought many companies, including Bugatti, Bentley, Lamborghini. However, at the end of 2020, the Supervisory Board of Volkswagen AG voted not to sell Lamborghini, Bentley and Ducati.

As a reminder, Automobili Lamborghini was acquired by Audi AG in 1998.

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