News Reviews Quizzes Lists
My Garage
New hero

Volkswagen turns down eye-watering Lamborghini bid

By Tom Gibson | May 29, 2021


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

Cheese and wine to fuel a DB6? What is the world coming to…
As us regular folk were getting our heads around the introduction of E10 petrol to our pumps, Prince Charles has told the BBC his Aston...
Oct 12, 2021
British cars now need UK stickers in Europe, not GB
British registered vehicles traveling through Europe must now have a UK number plate or sticker, rather than GB
Oct 12, 2021
Fuel crisis conspiracy: fact or fiction?
As last week’s fuel crisis had just about hit its peak, rumours began to circulate across social media – the cesspit for conspiracies in...
Oct 05, 2021
F1 turns to alternative fuels for 2026 refusing the full electric alternative
F1 sees its future with synthetic fuels or hydrogen, but what does it mean for production cars?
Oct 05, 2021