Volkswagen drawing up plans to carve out Lamborghini - sources
Skip to main content
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
The Business Standard

Friday
January 27, 2023

Sign In
Subscribe
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
FRIDAY, JANUARY 27, 2023
Volkswagen drawing up plans to carve out Lamborghini - sources

Global Economy

Reuters
01 October, 2020, 04:50 pm
Last modified: 01 October, 2020, 04:55 pm

Related News

  • Volkswagen targets 70-75 billion euro valuation in planned Porsche IPO
  • VW's CEO Diess ousted after tumultuous tenure, Porsche's Blume to succeed
  • Lamborghini to invest at least 1.8 bln euros in path towards electrification
  • Volkswagen CEO defends operations in China's Xinjiang
  • Volkswagen to revive International Scout

Volkswagen drawing up plans to carve out Lamborghini - sources

The Italian sportscar brand, which is currently a division of Audi, could be partially listed, with Volkswagen retaining a controlling stake, the first person familiar with the talks said

Reuters
01 October, 2020, 04:50 pm
Last modified: 01 October, 2020, 04:55 pm
A Lamborghini Sian FKP37 is pictured at the international Frankfurt Motor Show (IAA) in Frankfurt, Germany, September 11, 2019. REUTERS/Ralph Orlowski
A Lamborghini Sian FKP37 is pictured at the international Frankfurt Motor Show (IAA) in Frankfurt, Germany, September 11, 2019. REUTERS/Ralph Orlowski

Volkswagen is drawing up plans to set up Lamborghini as a more independent unit, and is discussing long-term supply deals that could make it easier to list it on the stock exchange, two sources familiar with the matter told Reuters.

"Volkswagen is in the process of carving out Lamborghini, and to organise future supply and technology transfer deals," one of the sources familiar with the matter told Reuters.

The Italian sportscar brand, which is currently a division of Audi, could be partially listed, with Volkswagen retaining a controlling stake, the first person familiar with the talks said.

There is no formal decision to divest Lamborghini, a second source said, adding that the timetable of any deal remained unclear.

"This is a first step which gives VW the option to list the unit further down the line," the second source told Reuters.

A third source familiar with the discussions said the future of Bugatti, Lamborghini and Ducati was discussed during a supervisory board meeting last Friday.

The possibilities for how to electrify the Lamborghini and Bugatti brands through partnerships and investors was discussed, the third source said.

Bankers and potential cornerstone investors in an IPO have been approached by the carmaker, the sources said.

Volkswagen declined to comment.

Volkswagen Group's Chief Executive Herbert Diess on Wednesday said the carmaker will announce "important steps" about the company's future before the close of the year.

Volkswagen is reviewing what role its high-performance brands Lamborghini, Bugatti and Ducati will play within the multi-brand carmaker as part of broader quest for more economies of scale, senior executives told Reuters.

A global clampdown on combustion-engined vehicles has forced carmakers to accelerate development of low-emission technology for mainstream models, leaving Volkswagen managers struggling to find resources to electrify low volume sportscar models.

Lamborghini / Volkswagen

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Global central banks preaching on pay are enforcing squeeze too
    Global central banks preaching on pay are enforcing squeeze too
  • Infograph: TBS
    State banks spend 80% of their forex for govt imports in H1
  • Manufacturers feel the pinch as consumers tighten belt
    Manufacturers feel the pinch as consumers tighten belt

MOST VIEWED

  • Global central banks preaching on pay are enforcing squeeze too
    Global central banks preaching on pay are enforcing squeeze too
  • FILE PHOTO: People walk past the Central Bank headquarters in Moscow, Russia February 11, 2019. REUTERS/Maxim Shemetov/File Photo
    Russian banking profits could exceed 1 trillion roubles in 2023, says c.bank
  • Photo: Bloomberg
    India's Adani slammed by $48 bln stock rout, clouding record share sale
  • FILE PHOTO-Russian President Vladimir Putin meets Head of the Republic of Bashkortostan Radiy Khabirov in Ufa, Russia January 13, 2023. Sputnik/Sergey Bobylev/Pool via REUTERS
    Putin requests clarifying methodology for oil price determination in taxation by 1 March
  • Residential buildings are seen in Beijing, China, January 10, 2017. Photo:Reuters
    China 2022 GDP was below 3%. How this could affect the world: Report
  • Ukrainian flag is covered with grains in this picture illustration taken May 9, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
    Ukraine grain harvest set to fall further this year

Related News

  • Volkswagen targets 70-75 billion euro valuation in planned Porsche IPO
  • VW's CEO Diess ousted after tumultuous tenure, Porsche's Blume to succeed
  • Lamborghini to invest at least 1.8 bln euros in path towards electrification
  • Volkswagen CEO defends operations in China's Xinjiang
  • Volkswagen to revive International Scout

Features

Sketch:TBS

Why we need consumer education for consumer wellbeing

7h | Thoughts
Dr Ahsan H Mansur, Executive Director, Policy Research Institute. Illustration: TBS

Twin shocks call for stronger domestic policy response

8h | Thoughts
December-er shohor, taxi taken for airport and the Park Street bathed in lights. Photo: Jannatul Naym Pieal

Exploring Kolkata on foot, empowered by Google Maps

9h | Explorer
Island hopping in Bangladesh?

Island hopping in Bangladesh?

11h | Panorama

More Videos from TBS

Kajol’s road paintings bring change in Gafargaon

Kajol’s road paintings bring change in Gafargaon

23h | TBS Stories
Carew & Company witnessed a remarkable growth

Carew & Company witnessed a remarkable growth

1d | TBS Stories
After all the controversies, how is Shah Rukh Khan's ‘Pathaan’?

After all the controversies, how is Shah Rukh Khan's ‘Pathaan’?

7m | TBS Entertainment
PCB recalls cricketers from BPL ahead of PSL

PCB recalls cricketers from BPL ahead of PSL

1d | TBS SPORTS

Most Read

1
Picture: Collected
Bangladesh

US Embassy condemns recent incidents of visa fraud

2
Four top bankers arrested in DSA case filed by S Alam group 
Bangladesh

Four top bankers arrested in DSA case filed by S Alam group 

3
Illustration: TBS
Banking

16 banks at risk of capital shortfall if top 3 borrowers default

4
Photo: Collected
Splash

Hansal Mehta responds as Twitter user calls him 'shameless' for making Faraaz

5
A frozen Beyond Burger plant-based patty. Photographer: AKIRA for Bloomberg Businessweek
Bloomberg Special

Fake meat was supposed to save the world. It became just another fad

6
Representational Image
Banking

Cash-strapped Islami, Al-Arafah and National turn to Sonali Bank for costly fund

EMAIL US
[email protected]
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2023
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - [email protected]

For advertisement- [email protected]