Lamborghini sees no threat from euro, US downturn
LOS ANGELES, Nov 15 (Reuters) - Italian super car maker Lamborghini is on track for record sales in 2007 and sees no threat from a stronger euro or a downturn in the U.S. economy, the company's chief executive said on Thursday.
Lamborghini, a unit of Volkswagen AG's (VOWG.DE: Quote, Profile, Research, Stock Buzz) Audi, expects to sell 2,400 of its hand-made vehicles in 2007, up 15 percent from 2006, the company said.
The Italian car maker offered the sales projection at the Los Angeles auto show, where it showed off its $1.5 million Reventon, the most expensive car it has ever built.
Lamborghini will make only 20 of the super-sleek Reventon models and sold out that limited run in less than a week.
Eleven of the 20 vehicles were sold in the United States and five of those in California, the biggest single market for Lamborghini, Chief Executive Stephan Winkelmann told Reuters.
Winkelmann said he has seen no sign that the slump in the once high-flying California real estate market was hurting demand for Lamborghini, which competes with the likes of Ferrari in speed and exclusivity.
"So far we have not seen any sign that there is a crisis," Winkelmann said.
The stronger euro has also not cost Lamborghini sales in the United States, although the company has not raised pricing to reflect the weaker dollar, he said.
"It's clearly affecting our profitability but it has not kept us from making sales in the United States," he said. Continued...







