After Aston Martin and Ferrari, the Lamborghini racing car manufacturer could soon be listed on the stock exchange. A decision should be made before the end of this year.
“Volkswagen is in the process of making Lamborghini legally independent, regulating future supply relationships and technology transfer,” said a person familiar with the matter to the Reuters news agency. The aim is to bring the Italian subsidiary, which belongs to Audi, to the stock exchange, whereby Volkswagen wants to retain its stake in Lamborghini.
Another person said that both the timetable and the details of a possible transaction were still open. “This is a first step, which gives VW the opportunity to take the unit public at a later date”.
Another person familiar with discussions at VW said that the supervisory board had discussed the Bugatti, Lamborghini and Ducati brands last Friday. In the case of Bugatti and Lamborghini, he said, it was both about a possible electrification of the brands and conceivable partnerships or investors. The management is currently sounding out possible interested parties. Bankers and possible investors have already been approached, said one of the three insiders. Volkswagen declined to comment.
Group CEO Herbert Diess had announced at the virtual Annual General Meeting on Wednesday that important decisions would be taken before the end of the year. The automotive group must “transform itself from a collection of valuable brands” primarily with combustion engines to a digital company that reliably operates millions of networked electric vehicles.