Volkswagen Eyeing Stake In Ferrari


Automotive News is reporting that Volkswagen is hoping to buy a stake in Ferrari, with the Italian sports car builder being of particular interest to Volkswagen chairman Ferdinand Piech.

While Volkswagen already has Lamborghini, Bugatti and Porsche in its stable, Piech is apparently eyeing a chance to buy a stake in the Italian supercar maker. Fiat CEO Sergio Marchionne denied that he wanted to sell the brand, but did not rule out that he may sell a portion of the company to raise funds for Fiat and Chrysler.

[Source: Automotive News]