Autos

Lamborghini reports record profits, CEO teases electric future

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Exterior of the 2019 Lamborghini Urus with a base retail price starting at $200,000.

Adam Jeffery | CNBC

Lamborghini reported record profits in 2020 as its wealthy customers — especially in China — rode the global bull market in style.

Despite a mandatory factory shutdown of over two months during the Covid-19 pandemic, the “raging bull” of the auto world delivered 7,430 cars in 2020, down only 9% from the record high in 2019. Sales topped 1.6 billion euros ($1.9 billion at the current exchange rate), down 11% from 2019, but the company said profits increased to a record high as customers ordered more pricey, highly customized cars.

The outlook for 2021 looks even brighter as soaring…



Source cnbc.com

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