Reported 1 day ago
Lamborghini's CEO has warned that potential U.S. tariffs on European products could impact sales, despite the company reporting a 16% revenue increase to 3.09 billion euros in 2024. With a record of 10,687 vehicles sold, including 3,000 in the U.S., the luxury automaker expressed concerns about maintaining growth amidst a contracting luxury market and potential price increases. Although Lamborghini has expanded its workforce and is developing new hybrid and electric models, the CEO noted the need to balance pricing and sales volumes carefully as market dynamics shift.
Source: YAHOO