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18 people found this useful Volkswagen Group have reportedly received a letter of intent from a holding company keen to pursue the acquisition of its Automobili Lamborghini supercar brand. Autocar magazine said in a report published today (May 27) that it has seen the document which details a planned offer of €7.5 billion (£6.49bn) and a plan to upscale production and launch a pure electric performance vehicle by 2025. The offer is said to come from Quantum Group AG, a Zurich-based holding company formed a consortium with London-based investment firm Centricus Asset Management. Autocar rep...

Lamborghini has changed hands more than a few times since it was founded as a way to show up Ferrari in 1963. It’s currently owned by Volkswagen Group, which recently made it clear that it has no intention of selling the brand. The Anglo-Swiss Quantum Group reportedly made an offer to buy the raging bull […]