Does Volkswagen Owns Lamborghini: (Get Answer)

Yes, Volkswagen owns Lamborghini.

Does Volkswagen Own Lamborghini?

Overview

Volkswagen AG is a German multinational automotive manufacturer headquartered in Wolfsburg, Lower Saxony, Germany. The company’s principal brands include Volkswagen Passenger Cars, Audi, SEAT, Škoda Auto, Bentley, Bugatti, Lamborghini, Porsche, Ducati, and MAN.

Lamborghini is an Italian sports car manufacturer founded in 1963 by Ferruccio Lamborghini. The company is headquartered in Sant’Agata Bolognese, Italy.

History of Volkswagen’s Acquisition of Lamborghini

In 1998, Volkswagen AG acquired Lamborghini from the Chrysler Corporation for $110 million. At the time, Lamborghini was struggling financially and Volkswagen saw an opportunity to acquire a prestigious brand at a low price.

Volkswagen has invested heavily in Lamborghini since the acquisition, helping the company to turn around its financial fortunes. Lamborghini has also benefited from Volkswagen’s engineering and manufacturing expertise.

Current Status of Volkswagen’s Ownership of Lamborghini

Volkswagen currently owns 100% of Lamborghini. The company is a wholly-owned subsidiary of Volkswagen AG.

Lamborghini is a profitable business for Volkswagen. The company’s sports cars are in high demand and they command a premium price. Lamborghini also benefits from the association with Volkswagen, which gives it access to a wider range of customers and markets.

Conclusion

Volkswagen’s acquisition of Lamborghini has been a success for both companies. Volkswagen has gained a prestigious brand and Lamborghini has benefited from Volkswagen’s investment and expertise. The partnership is likely to continue for many years to come.

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FAQs: Does Volkswagen Own Lamborghini?

Does Volkswagen own Lamborghini?

Yes, Volkswagen owns Lamborghini. Volkswagen acquired Lamborghini in 1998 for $110 million.

What brands does Volkswagen own?

Volkswagen owns a number of brands, including Audi, Bentley, Bugatti, Ducati, Lamborghini, Porsche, and Seat.

How many cars does Volkswagen sell each year?

Volkswagen sells over 10 million cars each year.

Where is Volkswagen headquartered?

Volkswagen is headquartered in Wolfsburg, Germany.

What is Volkswagen’s mission statement?

Volkswagen’s mission statement is To be the world’s leading provider of sustainable mobility.