Lamborghini posted a 5.4 million euro ($7.7 million) profit for the first half of 2009, due its decline of a 37 percent drop in global vehicle deliveries. This was the first decline in Lamborghini’s growth and profit in the past several years. Profits for the same period in 2008 were $50 million.
Lamborghini’s first half revenues dropped 43.4 percent to $223.7 million.
The Italian automaker said that it delivered a total of 825 cars during the first half of 2009. The U.S. market saw a 52 percent decline to 207 units sold reports Automotive News.
“We are not immune to the global recession,” Lamborghini CEO Stephan Winkelmann said. “We will maintain the profitability of the company, (and) continue our investment into the future with product technology and innovation alongside a firm ecological stance.”
Winkelmann said that Lamborghini will remain committed to introducing one new product every year.
– By: Omar Rana