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Audi reportedly shoots down $9.2 billion investor bid for Lamborghini

Volkswagen is open to divesting some of the brands in its portfolio, but it hasn't put a "for sale" sign on in front of Lamborghini's lawn yet. The firm allegedly shot down a big offer for the brand from a group of investors. Quantum Group SA, a newly-established holding company based in Zurich, Switzerland, made the non-binding offer in May 2021, according to anonymous sources who spoke to WardsAuto. The publication adds the group is ready to spend 7.5 billion euros (around $9.2 billion at the current conversion rate) to buy the entire Lamborghini division from Audi. The sale would include the brand, its intellectual property (like its trademarks and patents), its historic factory in Sant'Agata Bolognese, and its racing division. Full details about the proposed acquisition were closely examined by top Volkswagen executives, including company CEO Herbert Diess and Audi boss Markus Duesmann. While the offer sounds like it's neatly packaged, Volkswagen replied that it's not having a garage sale. "Lamborghini is not for sale. This is not the subject of any discussion within the group," a company spokesperson told industry trade journal Automotive News. These comments are in line with the ones made in December 2020. Quantum's aim wasn't to sever all ties with Volkswagen. It planned to turn Lamborghini into "a spearhead for innovation by consistently implementing new clean drivetrain technologies" across the range, a strategy that's already in the pipeline; Lamborghini announced it will electrify in the 2020s and launch its first series-produced EV. Investors also hoped to sign a five-year supply agreement with Audi, and to create what they called an Advanced Automotive Innovation Center headquartered somewhere in Lower Saxony, the German state Wolfsburg is in. In late 2020, when rumors about an imminent Lamborghini spin-off were rampant, Volkswagen stressed it had no plans to sell the Italian supercar manufacturer or to find a new home for Ducati, which Lamborghini owns. Unverified reports claim a chunk of the company could be listed on the stock market in a bid to raise revenue, however. Bugatti is another part of the Volkswagen empire that Diess and his team allegedly wanted to trade in to fund the group's pivot towards electric powertrains. In September 2020, reports claimed top executives had approved swapping the storied French carmaker and its assets for a significant stake in Croatia-based Rimac that would be transferred directly to Porsche.

Audi Sport plots ambitious growth for RS lineup

Audi Sport is set to double its range of high-performance, RS-badged vehicles, reports Autocar. In an interview, Stephan Winkelmann, head of Audi Sport, revealed plans to add eight RS models to its lineup by early 2018. Winkelmann didn't reveal which vehicles would get the RS treatment, but said that "it is better to under-promise and over-deliver." Audi has several RS-badged cars, including the RS7, RS6 Avant, TT RS (both in its hard-top and soft-top variant), RS Q3, and RS3 (some of which are sold in the US). Autocar believes that the A1, A4, and Q5, along with the R8 are next in line to get the RS treatment in some markets. With Mercedes-AMG selling more vehicles, 80,000 units over the past few years, according to Autocar, it makes sense for Audi Sport to follow closely behind with a similar idea. While Mercedes is placing the AMG badge on its vehicles to bridge the gap between its high-performance and lower end models, Audi Sport says it's taking a different tactic. "We are not going to do what they do," Winkelmann said. Even without the extra vehicles, Audi RS sales could top 20,000 units this year, reports Autocar, with Winkelmann stating that the brand would experience "double-digit growth this year." Hopefully, Audi Sport's decision to add more RS models will result in some of those high-performance cars coming to the US. Related Video: Featured Gallery 2018 Audi RS3 Sedan: Paris 2016 View 15 Photos News Source: AutocarImage Credit: Live photos copyright 2016 Drew Phillips / Autoblog Audi Convertible Coupe Wagon Performance Sedan

Audi RS7 vs. Porsche Panamera Turbo, which would you pick? [w/poll]

We live in a blessed time - a time when you can buy not just one, but two (or three, or four) monstrously powerful, blazingly fast four-doors that can't only keep up with modern supercars, but in some instances, will outperform them as well. Two of the finest are the Audi RS7 and the refreshed Porsche Panamera Turbo, and Motor Trend has been messing around with the both of them in this comparison video.
MT provides a comprehensive and entertaining look at the RS7 and the turbocharged Panamera as they go through a battery of tests, before getting tossed about on both the road and the track. Starring flip-flop aficionado Jonny Lieberman, it's a must-watch, whether you're in the market for one of the two super sedans or merely want to see the former Autoblog editor again.
After having a look at the video, register a vote for the car you'd park in your driveway in our poll. Hop below for the full video from the team at Motor Trend.