Login
My Garage
New hero

Volkswagen turns down eye-watering Lamborghini bid

By Tom Gibson | May 29, 2021

Share

Why not leave a comment?

See all | Add a comment

Volkswagen Group has rejected an eye watering offer for its Lamborghini brand.

Volkswagen turns down eye-watering Lamborghini bid

Switzerland’s Quantum Group made an offer of $9.2 billion / €7.5 billion for the iconic Italian carmaker, but this was rejected instantly by VWG with a spokesperson telling America’s CNN; "Lamborghini is not for sale, full stop."

Quantum Group is an investment firm and said in a letter of intent that it planned to retain the brand's existing management, and offered to protect existing jobs for five years. It also said it would create up to 850 new jobs by establishing an "innovation centre" in Germany.

The move is likely to have been orchestrated by Rea Stark, a founding partner of Quantum Group and also a co-founder of Piech Automobile with Toni Piech. That’s relevant as Toni is the son of former Volkswagen Chairman Ferdinand Piech, who oversaw VWG’s purchase of Lamborghini in 1998.

The links don’t stop there, the chairman of Piech Automobile is former Volkswagen CEO Matthias Müller.

We don’t suspect this story ends here… 

Related Articles

Switching to E10 Petrol is costing you an extra 3.5p per litre at the pumps
While the Government initially claimed this change wouldn’t affect pump prices, the reality has been different.
Jul 22, 2025
Expert warns drivers not to ignore the petrol light this summer
While many drivers admit to waiting until the orange warning light appears before refuelling, this small signal could be alerting you to...
Jul 22, 2025
One in six drivers can’t park in their garage because their car is too big
Modern cars are now 22% bigger than 20 years ago - and many no longer fit in garages. Here's why parking is becoming such a problem.
Jul 22, 2025
Regit does more than you think - here's how we can help
Whether you're looking for your next vehicle, need to sort your tax, or want the best price when you sell, here's everything Regit can do...
Jul 21, 2025