The investment company is willing to raise the original offer up to $2.4B
Quantum Group is still trying to buy Lamborghini. VW Group has refused to buy Lamborghini for EUR7.5 billion ($9.2billion currently). Automotive News reports that the bid was increased by EUR1 billion ($1.2 million) to EUR2 billion ($2.4 miliarde). This money was used to cover investments and guarantee jobs.
“Of course, our offer is still valid. We have carefully considered and weighed our decision for Lamborghini as well as the attached offer and concept,” Rea stark, Quantum’s representative told Reuters. Automotive News reported. “And if there’s willingness to negotiate – whether it’s investments, guarantees, or the purchase price — then we are still ready.”
VW Group was very blunt in refusing the original offer. “Lamborghini cannot be sold,” said a spokesperson. Quantum’s willingness increase the offer by approximately 26 percent may be enough to convince the German automaker to sell the Italian brand.
Quantum Group offered the Lamborghini brand, Sant’Agata facility and motorsport operations. The investor firm wanted a five year supplier agreement and would like to establish a battery development centre with Audi. Quantum also promised to keep the current workforce employed for five years.
Quantum may have chosen a poor time to try and buy Lamborghini, as the Italian automaker has just revealed its future product plans for electrifying cars. All models will be equipped with hybrid powertrains by 2025. In the second half, will be a fully-electric Lambo.
Lamborghini will invest more than EUR1.5 billion in the next four-years to make this possible. This money will be used to fund electrification technology and carbon fiber tech, which can offset the additional weight of batteries.
Recent spy photos show that the company is developing a new version of the Aventador. It would be a last farewell to the model, and boast a V12 with 769 horsepower (774 kilowatts or 780 metric horsepower).