logologologologo
  • Home
  • Business
  • Markets
  • Exchange
  • Investment
  • Personal Finance

Lamborghini CEO: We are selling ‘more cars than we are able to produce’

Every December, the well-heeled and art world cognoscenti flock to South Florida for this week’s Art Basel Miami (though many would like to forget about last year’s NFT-driven mania).

High-end automakers are on display as well, including Rolls-Royce, Porsche, and Lamborghini.

For Lamborghini, it was a chance to show off its latest creation — the absolutely wild Huracán Sterrato, an off-road version of its two-door supercar.

Despite concerns over the macro economic environment, the ultra-wealthy are not slowing down their spending at all, and for Lamborghini this is being reflected in its order books.

“We are still going strong — We are selling, every month, more cars than we are able to produce despite the fact that we already increased production twice this year,” Lamborghini CEO Stephan Winkelmann told. “We have an order bank which is higher than 18 months already, and all … the things you were mentioning — interest rates going up, inflation, energy costs — this is so far not affecting us.”


That sizable order bank will likely hand Lamborghini yet another record-breaking year, despite ongoing concerns over parts shortages and COVID-related supply chain disruptions.

Lamborghini clients want more luxury sports cars, including those that go off-road, or “road adjacent.”

The Sterrato was said to be a passion project of Winkelmann’s, and he is decidedly excited about it. And it will be the last of its kind at Lamborghini – a car with a purely gas-powered engine.

“We always do unexpected things – so the Huracán Sterrato is one of those things,” he says. “Lamborghini is big in four-wheel-drive cars, and this is also the last internal combustion engine-only car which we are going to launch. From next year, [the cars] will be all hybrid cars coming to the market – so this is, for us, also a big deal.”


The Sterrato’s powertrain consists of Lamborghini’s sweet-sounding 5.2-liter V10 engine with a slightly detuned power output of 610 hp and 413 lb-ft. of torque, mated to a 7-speed dual-clutch transmission and electronically controlled all-wheel drive system with a mechanical locking rear differential, for increased traction on sandy and dirt covered roads. Despite its increased ride height and beefed up off-road mechanicals, Lamborghni says the Sterrato can hit 0-60 mph in 3.4 seconds, on the way to a top speed of 160 mph, which is limited given the tires and setup of the car.


The Sterrato may be Lamborghini’s swan song in the naturally aspirated ICE era, as the company moves forward with its electrification game plan.

“We are going hybridize all of our lineup,” Winkelmann said about the company’s vision for the next two years. “The first [hybrid] will be based on our new V-12 cylinder car with a plug-in hybrid system, and then, in ’24, we will have the new plug-in of the Urus, and then the all-new Huracán by the end of 2024. And at the end of this decade, we will have a new model, model number four, which will be then the first full electric car.”

Lamborghini is targeting 2028 for the reveal of that pure-electric car. While it may seem like an eternity in the auto world, Lamborghini is going where its clients want to be, dragging them to the future, ever so slightly.

As for what’s next for the company itself, it’s been rumored that Lamborghini would be the next Volkswagen (VOW.DE) portfolio company to go public. Winkelmann has even discussed preparations for an IPO in the past.

But for today, from the sunny shores of Miami Beach, he was mum about a potential listing — for now.

“No, there is nothing planned for Lamborghini,” he said with a smile.

Source: finance.yahoo.com

Related posts

February 8, 2023

OnePlus 11 review: A back-to-basics flagship phone


Read more

Categories

  • Business
  • Content
  • Exchange
  • Inflation
  • Investment
  • Markets
  • Personal Finance
  • Technology
  • Uncategorized

Archives

  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021

Recent Posts

  • OnePlus 11 review: A back-to-basics flagship phone
  • 4 Technologies That Aren’t That Big Today but Will Likely Be Massive in 20 Years
  • Google launches ChatGPT competitor in strike at Microsoft
  • Factbox-U.S. stock buybacks so far in 2023: big money, fewer companies
  • Spotify upgraded at Wells Fargo as company comes off ‘margin probation’

About Us

The Alpha Cut a Vida Street LLC Company
1404 N. Ronald Reagan Blvd.
Suite 1120
Longwood, FL 32750

Link

(843) 256-4375
https://thealphacut.com

Why Us

Terms & Privacy
Policy & Procedure
Disclaimer

This material is not an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only.
Any performance results discussed herein represent past performance, not a guarantee of future performance, and are not indicative of any specific investment. Due to the timing of information presented, investment performance may be adjusted after the publication of this report. There can be no assurance that the future performance of any specific investment, investment strategy, or product made reference to directly or indirectly in this communication will be profitable, equal any corresponding indicated historical performance levels or be suitable for your portfolio.
All data in this communication is provided for informational purposes only and is not intended for trading or investing purposes. We expressly disclaim the accuracy, adequacy, or completeness of any data and content provided by financial exchanges, individual issuers, their respective affiliates and business partners and shall not be liable for any errors, omissions or other defects in, delays or interruptions in such data, or for any actions taken in reliance thereon. You agree not to copy, modify, reformat, download, store, reproduce, reprocess, transmit or redistribute any data or information found herein or use any such data or information in a commercial enterprise without obtaining our prior written consent.
We make no express or implied warranties or representations and shall have no liability whatsoever with respect to any data contained herein. The data may not be further redistributed or used to create indices or other financial products. This report and the views expressed herein are subject to change at any time based upon market or other conditions (such as domestic and global economic trends) and are current as of the date of publication hereof. The information, analysis, and opinions expressed herein are for general information only and are not intended to provide specific advice or recommendations for any individual or entity.
We emphasize that Investment in the securities of smaller companies can involve greater risk than is generally associated with investment in larger, more established companies, and can result in significant capital losses that may have a detrimental effect on the value of your investments.
Forecasting represents predictions of market prices and/or volume patterns utilizing varying analytical data. It is not representative of a projection of the stock market, or of any specific investment.
Nothing contained in this material is intended to constitute legal, tax, securities or investment advice, nor an opinion regarding the appropriateness of any investment. The general information contained in this publication should not be acted upon without obtaining specific legal, tax and investment advice from a licensed professional.
Please remember that all investments carry some level of risk, including the potential loss of principal invested. They do not typically grow at an even rate of return and may experience negative growth.As with any structuring of a portfolio of investments, attempting to reduce risk and increase return could, at certain times, unintentionally reduce returns.
The information, analysis and opinions expressed herein are for general, impersonal information only and are not intended to provide specific advice or recommendations for any individual entity.

copyright © Alpha Cut 2021. All Right Reserved
The Alpha Cut a Vida Street LLC Company