Swiss Investment Firm Looking To Purchase Lamborghini For $9 Billion
Posted by Zaran Tarapore on May 26, 2021
The whispers have been going on for a while with talks of Italian automaker Lamborghini being up for sale. Well, it’s just become official with Swiss Investment Firm offering the Volkswagen Group a whopping €7.5 billion ($9.18 Billion USD) to buy out the supercar brand.
The Swiss Investment Firm, Quantum Group AG, being represented in the acquisition offer by Rea Stark, one of the co-founders of Piech Automotive – the company behind the Piech Mark Zero GT, an electric car that debuted at the 2019 Geneva Motor Show.
Although it is still in the very early stages of the offer, Herbert Diess, the Volkswagen Group’s chairman, is said to be aware of the offer. Lamborghini’s dependence on big V12s and Volkswagen’s electric ambitions leave the future of the Italian supercar maker in murky waters within the group.
Having said that, Quantum Group AG, sounds like it has a distinct plan to take Lamborghini electric. Under its vision, the brand would become a “spearhead for innovation by consistently implementing new, clean drivetrain technologies.” Staff at Lamborghini will also be given guarantees of employment and the company plans to up production following the creation of what it calls “an EV solution” for Lamborghini.
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