VW Group Denies Report It Intends To Sell Off Lamborghini Or Take It Public

The Volkswagen Group has hit back at a Bloomberg report suggesting it could sell Lamborghini or take the Italian car manufacturer public.

Over the weekend, Bloomberg asserted that the German automaker was preparing to fold Lamborghini into a separate legal entity that could be sold or listed publicly in a bid to free up resources for the development and mass production of electric cars. It was also claimed that VW wants to increase its focus on its Volkswagen, Porsche and Audi brands.

In a statement issued to Reuters on Sunday, a Volkswagen spokesman denied the report.

“There are no plans for a sale or IPO of Lamborghini. Speculation to this effect is unfounded,” the spokesman said.

Also Read: Lamborghini Allegedly Developing Aventador SVR With 830 HP N/A V12

Bloomberg claimed that, by streamlining the VW Group, less geographically diversified divisions such as Skoda and Lamborghini could be left in the cold.

While VW has denied the report, that’s not to say it’s impossible that Lamborghini could be sold or spun-off in the future. FCA famously spun-off Ferrari a few years ago and the company’s value has gone on to grow substantially. Lamborghini’s value recently jumped to $11 billion and analysts claim that it is a good candidate for an initial public offering particularly due to its growing sales figures, mainly thanks to the Urus SUV.

Volkswagen chief executive Herbert Diess has previously stated that he wants to see the Group’s value jump from its current $89 billion to no less than $220 billion. Freeing up an asset like Lamborghini would certainly push the conglomerate towards that goal.

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  • Six_Tymes

    so, a company that lies is saying neither is true. then, that means one is truth.

  • Hoe

    Such weird looking cars they do…

    • Blake

      you sound like Yoda

      • Hoe

        In VW oracle… of truth

  • Thetruthísntalwayspopular

    There is NO WAY they would get 11 billion for it. They’d get 2. They don’t sell enough cars no matter the price. If Aston was only worth 1.6 B why would Lambo be worth 11..Delusional.

  • Wandering_Spirit

    If i were in Lambo’s shoes i’d run from that company…leaving all designers in Germany.

    • Rahul Mandala

      Lamborghini’s today are still gorgeous under VW. I’ll only go as far to say that Lamborghini, as a brand, under VW is much more stronger than ever.

      • Wandering_Spirit

        I don’t argue on the sales. It surely improved. So did the overall quality. The design is another thing. Despite the sales.

  • Baeyoung ❂

    Lol…we all know they will take it public eventually…

  • JqC

    They better hurry. EVs are about to take the shine off of ICE.

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