Volkswagen eyeing Ferrari as its next acquisition, German press says

Article by Christian Andrei, on November 11, 2010

According to the latest reports from German press, it appears that Volkswagen Chairman Ferdinand Piech is eyeing Ferrari as the next acquisition. In a recent interview with the Manager magazine, Ferdinand Piech also said that Volkswagen would like to buy Fiat's Alfa Romeo brand, but the "real object of his desire," is Ferrari.

Still, Volkswagen has enough sporty brands, as the manufacturer already owns Lamborghini, Bugatti, Bentley and it is preparing to merge Porsche into its portofolio.

Regarding Bugatti, it appears that Volkswagen bought this marquee after Piech's son was thrilled at seeing a vintage miniature Bugatti in a toy shop.

For those who don’t know, Ferrari is currently Fiat’s most profitable brand and financial analysts say that its value is between 2.3 billion and 3.5 billion billion euros.

With a cash pile of 19.6 billion euros ($27 billion), it is a piece of cake for Volkswagen, but we don’t believe that Ferrari, an iconic Italian brand can be sold to a German manufacturer.

Furthermore, back in September Fiat CEO Sergio Marchionne already denied a report from an Italian newspaper that Fiat may sell Ferrari in order to raise funds to increase its stake in Chrysler Group.

Yes, Marchionne didn’t rule out selling part of Ferrari. The solution for Volkswagen, could be an initial public offering. [via autonews - sub. required]

Topics: vw, ferrari, germany

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

Whether or not you’re a tech addict, you realize that the digital revolution is now moving at high speed. Before you know it, there’s already a new one on the...
by - January 17, 2017
We really couldn’t deny that quite a number of Audi customers and would-be-buyers are intently waiting for higher performance RS versions of the Audi A4 and A5. Of course, these...
by - January 17, 2017
The Chevrolet Cruze is coming to Australia. But it won’t be known as the Chevrolet Cruze. Instead, it will bear the Holden badge and get the Astra moniker. The 2017...
by - January 17, 2017
As expected, four years after the current generation of the BMW 4 Series was introduced in 2013 with the BMW 4 Series Coupe, the German premium carmaker is implementing a...
by - January 17, 2017
As BMW continues to pursue its plans for the coming years, President-elect Donald Trump gave out a warning to car manufacturers to prevent them from exporting their cars to the...
by - January 17, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries