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18 people found this useful Volkswagen Group have reportedly received a letter of intent from a holding company keen to pursue the acquisition of its Automobili Lamborghini supercar brand. Autocar magazine said in a report published today (May 27) that it has seen the document which details a planned offer of €7.5 billion (£6.49bn) and a plan to upscale production and launch a pure electric performance vehicle by 2025. The offer is said to come from Quantum Group AG, a Zurich-based holding company formed a consortium with London-based investment firm Centricus Asset Management. Autocar reported that Quantum Group AG is represented in its 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. ....
According an Autocar report, the 7.5 billion-euro offer came from Swiss Quantum Group, alongside British investment group Centricus, who apparently submitted a letter of intent to VW management to purchase Lamborghini. The letter of intent outlined Quantum’s commitment to protect existing Lamborghini employees for at least five years, and create an innovation centre in Germany that would create more than 850 new jobs. However, the offer fell on deaf ears, with Audi management making it clear that the company has no plans to sell Lamborghini. “This is not the subject of any discussion within the group. Lamborghini is not for sale, full stop. Audi AG and the Volkswagen Group are not considering this offer,” said an Audi spokesperson in an ....
Offer of $9 billion for Lamborghini rejected by Audi Offer of $9 billion for Lamborghini rejected by Audi Offer for sports-car brand made by Switzerland s Quantum Group, motoring magazine says Staff and wire reports Print Audi has no plans to sell Lamborghini, a spokesman for the carmaker said after European media reports about a 7.5 billion euros ($9.19 billion) offer for the sports-car brand. This is not the subject of any discussion within the group, he said. Lamborghini is not for sale. The Swiss Quantum Group, together with the British investment company Centricus, are planning to submit a “Letter of Intent” on Wednesday, according to ....
Volkswagen Group rejects $11.8 billion offer for Lamborghini – report drive.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from drive.com.au Daily Mail and Mail on Sunday newspapers.
Lamborghini has changed hands more than a few times since it was founded as a way to show up Ferrari in 1963. It’s currently owned by Volkswagen Group, which recently made it clear that it has no intention of selling the brand. The Anglo-Swiss Quantum Group reportedly made an offer to buy the raging bull […] ....