Volkswagen Group (VLKAF) has been pouring investment dollars in electric vehicles, and there have been questions about whether the company would maintain its massive stable of brands amid its transformation. Just last week, Lamborghini said that every one of its offerings would be at least partly electrified by 2024.
In addition to the Audi and Lamborghini brands, the German industrial giant also owns Porsche, SEAT, Skoda, Bentley, Bugatti and Ducati.
Lamborghini owner Volkswagen Group said Wednesday that the brand is not for sale following reports that it had received a €7.5 billion ($9.2 billion) offer from Switzerland’s Quantum Group.
“Lamborghini is not for sale, full stop,” said a spokesman for Audi, the Volkswagen subsidiary that controls the luxury carmaker. “Audi AG and the Volkswagen Group [are] not considering this offer.”
Rea Stark, a founding partner of Quantum Group, is also co-founder of Piech Automobile with Toni Piech, the son of former Volkswagen Chairman Ferdinand Piech, who oversaw Volkswagen’s purchase of Lamborghini in 1998. The chairman of Piech Automobile is former Volkswagen CEO Matthias Müller.
quantum Group, an investment firm, said it planned to retain the brand’s existing management, and offered to protect existing jobs for five years, according to Auto car. It also said it would create up to 850 new jobs by establishing an “innovation center” in Germany.
