Posted on 08/30/2022 10:54:37 AM PDT by Red Badger
Despite global inflation rates and the expectation of recession across a number of countries, Italian supercar maker Lamborghini says business has been better than ever, with all of its vehicles already sold out through 2024.
According to a new report from Bloomberg, the automaker is achieving record results in terms of vehicle orders and sales, delivering 5,090 cars over the first half of 2022. The figure represents a 4.9 percent increase over the same period last year and translates to a surge in operating profits by a staggering 70 percent. Most notably, 61 percent of its sales during the period were accounted for by the company’s SUV, the Lamborghini Urus, which has found a much wider market than its conventional supercar counterparts.
“With high interest rates and high inflation, we’re still going strong,” CEO Stephan Winkelmann told the outlet. “With the prices of energy skyrocketing, especially in Europe, we have not seen any slowdown yet.” Despite the stellar results and increasing costs of production, however, the executive claims that prices for its vehicles will not see much of an increase over the next year.
Elsewhere in the automotive industry, Acura has unveiled its Precision EV concept, combining Formula 1 cockpits with Italian power boat aesthetics.
On the Georgetown-Kalorama line, right in the capital of the Land of the Free and the Home of the Brave, there are, or there were, competing Lamborghini dealerships one block apart.
All that bribe money has to go somewhere.
Nice looking car!
I’ve never seen a photo of one before.
It was planned I could take one for a test drive...but it was raining like a monsoon and Pagani officials thought it wise to not let an American who had just flown all night via Brussels to handle a $1 million car on a 2-lane country road in the rain.
Probably a wise decision...
Does Lamborghini still make farm tractors?
I love the story of how they got into the car biz. Basically because Enzo Ferrari was a douchebag.
Still does.
Lamborghini is owned by VW via Audi.
Previously owned by Chrysler and various investment groups.............
https://en.wikipedia.org/wiki/Lamborghini
Lamborghini is VW and the continued existence of VW is in doubt by many
I didn’t know that.
Parts is pieces parts.
Even if VW goes belly-up, the parts will be sold off or taken over by the creditors.
VW-Audi-Porsche-Lamborghini- MAN - Scania - Navistar, and Volkswagen Caminhões e Ônibus
I understand your point but it is not necessarily correct. VW is an amalgamation of European auto manufacturing losers that can’t exist on their own. There is an unexposed factor in the form of the various governments that can’t stand the political loss of the loser manufacturers.
I don’t know the real story, but VW created the hodgepodge at the direction and agreement of at least three governments intent on preserving the jobs and prestige.
VW is the last defensive redoubt
The sum of its parts is not equal to the hole......................😉
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