Lamborghini can absorb lost sales in Russia through other markets -CEO – Reuters

Lamborghini President and CEO Stephan Winkelmann stands with a Huracan By way of the Quail, A Motorsports activities Gathering automotive current in Carmel, California, August 15, 2014. REUTERS/Michael Fiala/File Photograph

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MILAN, March 21 (Reuters) – Italian luxurious sports activities automotive mannequin Lamborghini can simply make up for misplaced gross sales from its choice to droop enterprise in Russia Adjust toing Moscow’s invasion of Ukraine, Chief Authorities Stephan Winkelmann said on Monday.

Winkelmann said Lamborghini, An factor of the Volkswagen Group (VOWG_p.DE) through Audi (AUDVF.PK), purchased a doc of round 200 automotives in Russia final yr, out of a doc of 8,405 globally.

“The automotives We now have deliberate To current for Russia this yr Might be simply absorbed by completely different markets,” he said in An internet press convention.

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“We’re ready to see how the state of affairs evolves in Ukraine, However when it Does not change we’ll Have not any drawback To Take in that demand, As a Outcome of of our strong order e-book and ready lists.”

Lamborghini plans To start out offering hybrid automobiles from subsequent yr and make its complete lineup – the Huracan and Aventador sports activities automotives and the Urus sport utility car (SUV) – plug-in hybrid between The prime of 2024 and 2025.

Its first full-electrical car will Adjust to Inside the second half of The final decade. Its manufacturing Is predicted to Happen On the mannequin’s historic headquarters shut to Bologna, northern Italy, Winkelmann said.

“Tright here’s room right here To enhance manufacturing,” he said, with out offering a goal on Lamborghini future automotive output.

The automotivemaker will current all through this yr two new variations of the Huracan and a ‘face enhance’ of Urus, Winkelmann said.

Lamborghini posted a margin on its working revenue of 20.2% final yr versus a goal of between 22%-25% for The approaching yrs, the CEO said.

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Reporting by Giulio Piovacautomotivei
Modifying by Invoice Berkrot

Our Requirements: The Thomson Reuters Notion Guidelines.

Source: https://www.reuters.com/business/autos-transportation/lamborghini-can-absorb-lost-sales-russia-through-other-markets-ceo-2022-03-21/

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Lamborghini President and CEO Stephan Winkelmann stands with a Huracan By way of the Quail, A Motorsports activities Gathering automotive current in Carmel, California, August 15, 2014. REUTERS/Michael Fiala/File Photograph

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MILAN, March 21 (Reuters) – Italian luxurious sports activities automotive mannequin Lamborghini can simply make up for misplaced gross sales from its choice to droop enterprise in Russia Adjust toing Moscow’s invasion of Ukraine, Chief Authorities Stephan Winkelmann said on Monday.

Winkelmann said Lamborghini, An factor of the Volkswagen Group (VOWG_p.DE) through Audi (AUDVF.PK), purchased a doc of round 200 automotives in Russia final yr, out of a doc of 8,405 globally.

“The automotives We now have deliberate To current for Russia this yr Might be simply absorbed by completely different markets,” he said in An internet press convention.

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“We’re ready to see how the state of affairs evolves in Ukraine, However when it Does not change we’ll Have not any drawback To Take in that demand, As a Outcome of of our strong order e-book and ready lists.”

Lamborghini plans To start out offering hybrid automobiles from subsequent yr and make its complete lineup – the Huracan and Aventador sports activities automotives and the Urus sport utility car (SUV) – plug-in hybrid between The prime of 2024 and 2025.

Its first full-electrical car will Adjust to Inside the second half of The final decade. Its manufacturing Is predicted to Happen On the mannequin’s historic headquarters shut to Bologna, northern Italy, Winkelmann said.

“Tright here’s room right here To enhance manufacturing,” he said, with out offering a goal on Lamborghini future automotive output.

The automotivemaker will current all through this yr two new variations of the Huracan and a ‘face enhance’ of Urus, Winkelmann said.

Lamborghini posted a margin on its working revenue of 20.2% final yr versus a goal of between 22%-25% for The approaching yrs, the CEO said.

Register now Freed from cost limitless entry to Reuters.com

Reporting by Giulio Piovacautomotivei
Modifying by Invoice Berkrot

Our Requirements: The Thomson Reuters Notion Guidelines.

Source: https://www.reuters.com/business/autos-transportation/lamborghini-can-absorb-lost-sales-russia-through-other-markets-ceo-2022-03-21/