Volkswagen Group have reportedly received a letter of intent from a holding company keen to pursue the acquisition of its Automobili Lamborghini supercar brand.

Autocar magazine said in a report published today (May 27) that it has seen the document which details a planned offer of €7.5 billion (£6.49bn) and a plan to upscale production and launch a pure electric performance vehicle by 2025.

The offer is said to come from Quantum Group AG, a Zurich-based holding company formed a consortium with London-based investment firm Centricus Asset Management.

Autocar reported that Quantum Group AG is represented in its acquisition offer for Lamborghini by Rea Stark, a co-founder of Piech Automotive, the Zurich-based company behind the Piëch Mark Zero GT revealed at the 2019 Geneva motor show.  

The reported offer for Lamborghini – currently controlled by VW Group-owned Audi – comes just over a week after Stephan Winkelmann, the president and chief executive of Automobili Lamborghini, presented the OEM’s new production and model strategy.