Filed under:
Volkswagen,
Ferrari,
Rumormill
If Volkswagen has taught us anything, it's that you can never be too rich or have too many high-dollar automakers under your umbrella. Europe's largest auto group already encompasses
Lamborghini,
Bugatti and
Bentley, is in the process of absorbing
Porsche, and makes a couple more six-figure sports cars with
Audi badges. But according to reports coming in from Europe, VW has its eyes set on acquiring yet another top-dollar automaker:
Ferrari.
Given that it already owns Maranello's most direct competitor, you might be inclined to file this report in the "wild rumor of the day" category and be done with it. And while you'd certainly be justified, there's a whole lot of eyebrow-raising statistics surrounding this report. Rival
Fiat group has been looking for ways to raise capital to keep both itself and
Chrysler going, and selling stake in Ferrari has been tipped as a possible avenue. Reports have also
linked Volkswagen - which reportedly has some $27 billion in cash on hand - with a possible
Alfa Romeo takeover.
For his part, Fiat/Chrysler CEO Sergio Marchionne says neither is on the table, but Volkswagen chairman Ferdinand Piech has shown us nothing if not a penchant for buying up any brands he fancies. Given the fact that Fiat needs cash and Volkswagen is willing to spend, we wouldn't rule anything out just yet.
[Source:
Automotive News - Sub. Req.]
Report: Volkswagen eyeing Ferrari stake? originally appeared on
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11-11-2010, 09:50 PM
