Wheels Is Volkswagen about to sell Lamborghini?

15 Octobre, 2019, 03:35 | Auteur: Auguste Feret
  • VW Says No Plans for Sale or IPO of Lamborghini

Volkswagen, Audi and Porsche are at the centre, while Seat, Skoda, Bentley, Bugatti, Italdesign and Ducati round out the stable.

According to Bloomberg's sources, the preparations for Lamborghini to fold into a separate legal entity have started, and will most likely end up with a solid decision toward the end of 2020.

Diess claimed the vehicle manufacturer expects to sell almost 20,000 Audi e-Tron in 2019, and also highlighted the fact that the electric Porsche Taycan was already sold out, in its first year of production.

"We shouldn't spread ourselves too thin", Diess told the Suddeutsche Zeitung.

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Lamborghini has been demonstrating excellent financial performance lately, especially since its latest release - the SUV Urus - doubled the sales. According to Bloomberg analysts, the good results of Lamborghini are conducive to an IPO.

The German automaker's American depositary receipts climbed 4.8 per cent to US$17.68 in NY trading Friday.

Diess, who took the helm in April 2018, has shown some success, completing an IPO of the Traton truck unit earlier this year, and has gained backing for the planned sales of units that make large diesel engines and transmissions. While Ferrari NV, once part of Fiat Chrysler, is now worth about $30 billion, VW's powerful labor unions have stood in the way of similar moves in Germany. With a current market value of £70 billion right now, he aims to increase this to £174 billion, wanting to maximize the VW group's value while contending with the transition to new technology in the industry.

Despite this, Diess emphasizes that Volkswagen is not planning to reduce its efforts and cut exposure in the Chinese market.



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