As successful as today, Lamborghini has been bankrupt and sold to many times.
Founded in 1963, Lamborghini is owned by Ferruccio Lamborghini founder until 1974. After many years of success, sales began to decline, especially after the economic downturn and the mine-rich crisis in 1973.
Ferruccio decided to retire and sell the company to George-Henri Rossetti and Rene Leimer in 1974. In 1978, Lamborghini went bankrupt, then two years later, under the management of Jean-Claude and Patrick Mimran.
Jean-Claude and Patrick Mimran bought all of Lamborghini in 1984 and sold it to Chrysler in 1987. The US group retained the company until 1994 and sold it to investment group Mycom Setdco (Malaysia) and V’Power Corporation (Indonesia).
In 1998, Lamborghini was once again sold to the Volkswagen Group, and was assigned to the Audi division.
Who is the Volkswagen Automotive Group?
Volkswagen Group, also known as Volkswagen AG (VAG) is a German multinational automobile manufacturer based in Wolfsburg (Germany).
Volkswagen Group is a large and long-standing German corporation. Founded in 1937 as the Volkswagen company, the company designed the Beetle emblem. VW became a corporation in the 1960s after acquiring Auto Union and NSU. These two parts merged to form Audi today.
VAG continued to buy controlling shares of Seat and Skoda in 1994. In 1998, Volkswagen purchased three luxury brands Bentley, Bugatti, and Lamborghini. In 2012, Volkswagen Group became the parent company of Porsche.
In the hands of Volkswagen Group, there are currently 15 car brands and subsidiaries. The German corporation also owns Ducati, MAN, and Scania. Bankruptcy brands such as Auto Union, Horch, NSU, Wanderer, and DKW used to belong to the Volkswagen Group.
Who owns a Lamborghini stake?
Individuals and groups that own the Volkswagen Group also own Lamborghini shares. Shareholders of VW Group include Porsche Automobil Holding SE (30.8%), foreign-invested companies (25.2%), Qatar Holding LLC (14.6%), State of Lower Saxony (11.8 %), private shareholders (15.1%) and German investment institutions (2.5%).
Regarding voting rights, Porsche Automobil Holding SE controls 53.1%, State of Lower Saxony – 20%, Qatar Holding LLC – 17%, and other investors – the remaining 9.9%.
Although Audi controls Lamborghini, the brand is actually part of the parent group Volkswagen Group. Lamborghini itself controls the smaller brands, including Ducati, Italdesign Giugiaro, and MML S.p.A. (Motori Marini Lamborghini).