WOLFSBURG -
The source said there was no formal decision to divest Lamborghini and the timetable of any deal remained unclear. The value of Italian supercar manufacturer Ferrari has more than trebled since Fiat Chrysler listed it in 2016 though shares in rival Aston Martin have slumped since its IPO in 2018. Lamborghini's Chief Executive Stefano Domenicali announced this week his departure from the sports car maker to take on anew job as president of Formula One.Volkswagen Group's Chief Executive Herbert Diess said on Wednesday that the carmaker would announce"important steps" about the company's future before the end of the year.
Piech, who hired Diess in 2015, turned Volkswagen around by betting on modular construction techniques which allowed Audi, Seat, Skoda and VW to use common parts for up to 65% of their construction.
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