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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.

Tamara Ecclestone's Lamborghini has gone missing

A Lamborghini Aventador owned by socialite Tamara Ecclestone has disappeared from a garage in London where it was being serviced. The daughter of billionaire Formula One CEO Bernie Ecclestone reportedly purchased the car a couple of years ago from a dealer named Ziad Shawadi when she was dating businessman Omar Khyami. The supercar was put under Omar's name to secure a resident's parking permit, but it was registered to her Chelsea, London, address.
Tamara tried to sell the Lamborghini last summer after the couple split, but learned that her boyfriend had used the $400,000 exotic as collateral on a loan - and that set off a legal battle due for a hearing later this year.
But now the car has disappeared, and the culprits are alleged to be men working for Shawadi who have apparently repossessed it as a result of the outstanding loan. Ecclestone filed a complaint at a Notting Hill police station, but the authorities have said they won't be moving on this one. There has been no word on the fate of the parking permit.

Lamborghini Urus S adds Performante power and new styling

The Lamborghini Urus just got a new performance variant in the Performante, but now the standard Urus is going through a mid-cycle upgrade of sorts and being renamed the Urus S. So, for the time being there won’t be any Urus models beyond the S and Performante. The Urus S is being treated to the same power upgrade and powertrain calibration as the Performante. That means itÂ’ll have the more potent 4.0-liter twin-turbo V8 that produces 657 horsepower and 627 pound-feet of torque — that is 16 ponies more than the base Urus itÂ’s replacing. The 0-62 mph time lags behind that of the PerformanteÂ’s by a couple tenths at 3.5 seconds. However, thatÂ’s 0.1 second quicker than the old Urus. The S gets a re-tuned exhaust system that Lamborghini says is “more distinct” at startup and has a “sharper note” in each drive mode. And speaking of drive modes, you get seven in the Urus, including four on-road modes and three off-road modes for any possible scenario. What the Urus S doesnÂ’t get from the Performante is that modelÂ’s fixed suspension. Instead, Lamborghini carries over its air suspension from the pre-refresh Urus that allows for a wider breadth of use cases than the singular-minded Performante. A number of minor design updates give the Urus S a fresh look. It gets a new front bumper and a new matte black-painted stainless steel front skid plate. The hood is now made of carbon fiber and has matte black-painted air vents, and a new optional carbon fiber roof brings even more sportiness to the table. Lamborghini says its new rear bumper design is meant to make the car look more “streamlined and elegant.” Plus, the updated exhaust system features a new twin-pipe exhaust exit design. Additional wheel options are available in 21-inch, 22-inch and 23-inch flavors. More customization options abound, too, as Lamborghini says itÂ’s greatly expanded its options list of colors, trims, wheels, style packages and “special details.” The same can be said for interior customization, as the Urus S offers all new colors and trims. The Urus S is set to start at ˆ195,538, but U.S. pricing wasnÂ’t provided at reveal time. Expect it to arrive soon and be sold alongside the Performante model here in America. Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.