IL Insider: VW Insists Lambo Is Not for Sale, But Buyers Are Offering
Date posted: 06-23-2006
SANT' AGATA BOLOGNESE, Italy — Last week, Volkswagen denied a report saying the company might sell the Lamborghini and Bugatti brands due to millions in losses supporting the halo divisions.
But at least one prospective buyer has offered $250 million for the rights to Lamborghini, according to a source close to the bidder.
This source told Inside Line the bid was made "several months ago" and that VW has neither accepted nor rejected the offer.
Lambo, which is under the control of VW's Audi group, sells variations of two basic sports-car models, the Gallardo and the Murciélago, with U.S. prices starting at $175,000. The brand sells about 1,600 cars a year worldwide.
It has tentative plans to build a production version of the retro-style Miura concept that made its debut earlier this year at the Detroit Auto Show.
What this means to you: Lambo apparently would cost less than the $500 million Chicago Cubs. Think about that for a minute.
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