Lamborghini can absorb lost sales in Russia thanks to other markets – CEO

Mr Winkelmann said Lamborghini, which is part of the Volkswagen Group through Audi, sold a record around 200 cars in Russia last year, out of a total of 8,405 cars worldwide.

« The cars we have planned to produce for Russia this year can be easily absorbed by other markets, » he told an Internet press conference.

« We are waiting to see how the situation develops in Ukraine, but if it does not change, we will have no problem absorbing this demand, thanks to our strong order book and our waiting lists. »

Lamborghini plans to start offering hybrid vehicles from next year and make its entire range – the Huracan and Aventador sports cars and the Urus sports utility vehicle (SUV) – plug-in hybrid between late 2024 and 2025.

Its first all-electric vehicle will follow in the second half of the decade. Its production should take place at the historic headquarters of the brand near Bologna, in northern Italy, said Mr. Winkelmann.

“There is room here to increase production,” he said, without providing a target on future production of Lamborghini cars.

The automaker will introduce two new versions of the Huracan and a « facelift » of the Urus this year, Winkelmann said.

Lamborghini posted an operating profit margin of 20.2% last year, against a target of 22% to 25% for the coming years, the CEO said.

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