Cars
Lamborghini’s Winning Formula Is Defying an Auto Industry Slump
The Italian supercar maker reports record midyear results while it slow-walks full EV plans.
The Lamborghini Urus SE hybrid at the Volkswagen Beijing launch event in April.
Source: Bloomberg
Automobili Lamborghini SpA reported record results for the first six months of 2024 as much of the rest of the auto industry struggled with declining sales, lowered expectations and plummeting stock values.
The Italian supercar maker delivered 5,558 vehicles by the end of June, generating revenue of €1.6 billion ($1.762 billion)—up 14.1% from the same period in 2023—and repairing a slight drop in the US in the first quarter of this year. Operating profit reached a record €458 million compared to the first half of 2023.