Volkswagen Mulling Sale or Stock Listing for Lamborghini-Bloomberg

The New York Times Finance 1 week ago

(Reuters) - Volkswagen is looking at options for its luxury brand Lamborghini, including a sale or stock listing, Bloomberg reported on Friday, citing people familiar with the matter.

Chief Executive Herbert Diess in March said Volkswagen was reviewing its portfolio of brands, which also include Ducati and Bentley, and whether to divest some non-core businesses. Last month, Diess said the company was working to free up resources for the development and mass production of electric cars.

Volkswagen is readying to fold Lamborghini into a separate legal entity, in a process that may wind up towards the end of next year, Bloomberg reported https://www.bloomberg.com/news/articles/2019-10-11/vw-is-said-to-mull-options-for-lamborghini-brand-in-overhaul, citing sources.

The company was not immediately available for a comment outside business hours.

Volkswagen had aggressively expanded under the leadership of Ferdinand Piech, who was chief executive and chairman between 1993 and 2015, acquiring Bentley, Bugatti and Lamborghini in a single year.

(Reporting by Nivedita Balu in Bengaluru; Editing by Leslie Adler)


Source link
Read also:
One America News Network › Finance › 1 week ago
(Reuters) - Volkswagen is looking at options for its luxury brand Lamborghini, including a sale or stock listing, Bloomberg reported on Friday, citing people familiar with the matter.
Los Angeles Times › Finance › 1 week ago
Volkswagen AG is weighing options for its Lamborghini supercar brand, including a possible IPO or sale.
CNN › Automobile › 1 month ago
Lamborghini's newest supercar, the $2 million Sián hybrid, will be the fastest and most powerful Lamborghini ever made. But it also represents a small step toward what Lamborghini hopes will be the future of electric cars.
Forbes › Finance › 2 weeks ago
Volkswagen is a German auto giant and one of biggest automobile companies in the world. The company’s stock currently trades around $16. It offers passenger and commercial vehicles under multiple brands like Volkswagen, Skoda, Porsche, Bentley, Audi...
New York Post › 1 week ago
This Hudson Valley home listing is the epitome of “click for a surprise!” The pictures of the $2.79 million four-bedroom, five-bathroom home in leafy Wappingers Falls, NY, starts like any other listing on Zillow. First, you’re greeted with photos...
Business Insider › Finance › 0 month ago
Fitbit's stock continued a two-day surge on Monday following a Reuters report that it's been mulling acquisition possibilities with investment bank Qatalyst Partners for several week. The stock jumped 12% on Friday, and climbed 7% at one point on...
CNN › 1 month ago
When an Ohio driver was pulled over for allegedly going 131 mph, he gave a unique explanation for speeding in his Lamborghini.
CNET › Technology › 1 week ago
Lamborghini's formerly-most-affordable car is largely responsible for its incredible resurgence in the past few years.
New York Post › Automobile › 5 days ago
A 14-year-old suspected car thief’s night ended in the worst way possible when he crashed into a Lamborghini SUV while fleeing the police. Western Australia police on Tuesday night were on the lookout for a stolen Subaru Forester when they spotted it...
The Sun › 4 days ago
A BUSINESSMAN has been left fuming after being hit with a parking ticket because his Lamborghini didn’t fully fit within a parking bay. Gary Digva, of Mapperley, was shocked to find a £50 fine on the windscreen of his supercar on October 9. The 37...
Sign In

Sign in to follow sources and tags you love, and get personalized stories.

Continue with Google
OR