Volkswagen Group plans to sell Lamborghini brand
October 12, 2019The German corporation Volkswagen is weighing options for the sale of the Italian brand Lamborghini.
The Volkswagen Group seems to be thinking about options that relate to the Italian brand. As the VW Group moves towards overhaul to double the market price by 2030, authorities are discussing the future of brands such as VW, Skoda, Seat, Audi, Porsche, Lamborghini, Bentley, Bugatti, Ducati, and Italdesign.
According to reports, the Volkswagen Group is determined to sell Lamborghini or to include it in the list of shares, but have not yet made a final decision. Recently, the Lamborghini brand has achieved financial success by switching to the sports SUV segment. The good Urus sales results, as well as the release of the updated Aventador and the new hybrid supercar, can contribute to increased profitability. According to analysts, the current state of Lamborghini makes it an excellent candidate for an IPO.
Herbert Diss, the chief executive officer of VW Group, was going to focus on expanding the group’s key global brands, such as VW, Audi and Porsche, to efficiently manage resources and avoid “excessive number of hands in one cookie jar”.
Investors sometimes called on VW to free up assets, as the price of the corporation is absorbed by motorcycles, trucks and supercars. With a current market value of $ 89 billion, superiors plan to raise it to $ 220 billion, seeking to maximize the price of the Volkswagen Group, while struggling with the transition to new technologies in the industry.
