Business Maverick: Lamborghini Review Marks Step in VW’s March Toward $220 Billion

Diess, 60, has been pushing an overhaul of Volkswagen since he became CEO 18 months ago — investing billions in electrification, selling a stake in truckmaker Traton SE, and putting industrial-transmission and diesel-engine units up for sale. He’s also forged an alliance with Ford Motor Co. to share the costs of developing commercial vans, e-cars and autonomous driving.

SZ also reported on a possible sale or IPO of Lamborghini, without saying where it got the information, VW drafts a revamp of its 12 automotive brands. Progress in restructuring has been hampered by convoluted governance at Volkswagen. Unions, politicians and the powerful Porsche-Piech ownership clan each have a say in big decisions.

The potential payoff for Volkswagen is massive. Ferrari NV, once part of Fiat Chrysler Automobiles NV, is now valued at about $30 billion. VW American depositary receipts advanced 4.8% in New York on Friday following the Bloomberg report on Lamborghini.about $11 billionTop management decided earlier this year against pursuing the sale of units like Bugatti for now, partly because it was unclear if sub-scale assets could be divested without paying cash on top, according to one person.

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