Lamborghini announces record results for first half of 2008
No matter how sour the economy gets, it seems rich people are still buying big and expensive toys. Lamborghini announced today that their global sales and financial results for the first six months of 2008 hit record highs – yes, record highs at a time like this is impressive.
Revenue for Lamborghini was up 9.6 percent to 277.4 million euros ($434.5 million USD) from 253.1 million euros. Before tax profit was up to 35 million euros ($54.8 million), a 32.6 percent increase. Lamborghini’s global sales increased to 1,309 vehicles from 1,238 for the same period in 2007.
CEO Stephan Winkelmann said that sales in the U.S. and Europe were stable while sales in the Middle East were up 40 percent along with strong gains in China. Wineklmann said that the second-half revenue and profits can be attributed to the new Gallardo LP560-4 that just started arriving in dealerships.
Source: Automotive News (Subscription Required)