Rumors of Volkswagen Group’s potential sale of Lamborghini date back to last year. Then, early last month, a possible Lamborghini spin-off was being discussed. And now VW Group CEO Herbert Diess has officially commented on the matter. Bloomberg reports the German automotive giant is preparing all of its Italian divisions – Lamborghini, Ducati, and ItalDesign – for possible initial public offerings. No final decision has been made, but VW is laying the groundwork in case it decides to proceed.
“We are, let’s say, bringing it into a legal structure where we could act,” Diess said. “It’s probably a bit of a slower process,” he said, but “it’s on our agenda.” Fiat Chrysler Automobiles very successfully spun off Ferrari back in 2016 and VW, among others, have been watching very carefully.