Lamborghini in 'best shape ever' despite hiccups in China and tariff threats, CEO says

Published On Dec 7, 2024, 11:00 AM

Lamborghini's CEO, Stephan Winkelmann, announced that the company is in its best shape ever despite some challenges in markets like China. The luxury automaker reported record deliveries and revenue for the first nine months of the year, with 8,411 vehicles sold, reflecting an 8.6% increase from last year. The company is pivoting towards hybrid models, as all current vehicles utilize hybrid technologies, and plans to introduce a fully electric model by the end of the decade. While the luxury car market in China is facing challenges due to a weak real estate market, Lamborghini is maintaining strong performance in North America and Europe.

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Lamborghini's strong sales performance and successful launch of hybrid models indicate robust demand in the luxury automotive sector, particularly in North America. The company's proactive approach to adapt to market changes bodes well for future growth.

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