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Autos

Reuters exclusively reports Volkswagen draws up plans to carve out Lamborghini

Reuters exclusively reported that Volkswagen is drawing up plans to carve out Lamborghini and has sounded out bankers and potential investors about listing the Italian sports car maker on the stock market. Reuters sources said that the German carmaker is looking to make Lamborghini a more independent unit within its stable of car brands and is discussing long-term supply deals, both steps which would make it easier to carry out an initial public offering (IPO). 

Article Tags
Topics of Interest: Autos
Type: Reuters Best
Regions: Europe
Countries: Germany
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text