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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.

Lamborghini and MIT to debut new supercar concept next week

Today, Lamborghini released a teaser of what it's calling the "vision for the super sportscar of the future." The new concept will debut next week in a partnership with the Massachusetts Institute of Technology, and there's buzz that it might employ a nontraditional type of battery to boost performance. MIT is, after all, working on solid-state lithium batteries with greater energy density and perhaps a lower failure rate. More energy density could mean either lower weight per unit or greater energy storage overall. Both would be excellent attributes for a high-performance Lamborghini. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. EmTech 2017 is a tech conference hosted each year at MIT. It may sound strange to reveal a concept outside of an auto show, but this really isn't all that much difference than a new debut at CES in Las Vegas. And if MIT is lending a hand with some of the tech this car will use, and if it's as groundbreaking as we think it might be, even more reason to debut it at this conference. We don't know exactly what the concept will preview. It could be an advanced technology demonstrator, or it could preview a replacement for the Lamborghini Aventador. We'll know more next week. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

2020 Lamborghini Huracan Spyder getting Performante looks

The Lamborghini Huracan has been around since the 2015 model year, and has been pretty much unchanged with the exception of a slightly restyled rear-drive variant. Lamborghini seems to think it's about time the Huracan was updated, since one of our spy photographers caught a new version in light camouflage out testing. It appears the new model borrows heavily from the Huraca n Performante. Up front, the main grille has pretty much the same set of fins and gills as the ultra-fast Huracan. There does appear to be an extra pair of horizontal slats on either side of the middle trapezoidal shape in the grille. Along the side, things are pretty much the same as on any current Huracan, but the lower intakes now have little winglets in the middle of the air inlets. The rear of the car is the most noticeably changed. It features two large exhaust tips in the middle of the rear fascia a la the Performante. They're also housed in another trapezoidal structure, again like on the top-dog Huracan. The rear diffuser is more aggressive than the current model, but not as much as the Performante. There aren't any openings behind the rear tires, either, and the air outlets on either side of the exhaust area are new. There's also a more pronounced duck tail spoiler than on previous models. We aren't expecting any earth-shattering changes for this updated Huracan. For one thing, the visual changes show that this is mostly the same car underneath. We could see it taking advantage of the stiffer suspension and some the light, molded carbon fiber parts of the Performante to help improve the performance a bit more. The Performante's active aerodynamics will probably stay exclusive to that high-performance model, though. There's also the fact that completely new versions of the Hurac an and Aventador are on the horizon, and may pack some huge changes such as hybrid powertrains. As such, Lamborghini is probably just going to try and stretch this model until it's time for the new one. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Featured Gallery 2020 Lamborghini Huracan Spyder spy shots Image Credit: SpiedBilde Spy Photos Lamborghini Convertible Performance Supercars