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Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

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Speaker 2: Let's get back to Monterey Carweek. We're going to go

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Speaker 2: back to the quail. We are now joined by Lamborghini

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Speaker 2: CEO Stephan Winkleman. And Stephan first of all, great to

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Speaker 2: see you really excited about the new products that you

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Speaker 2: have to show this weekend and that you have for

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Speaker 2: customers to buy. But I first want to ask you

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Speaker 2: about the business side of it. You have the same

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Speaker 2: certainty now at a slightly higher level, right fifteen percent,

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Speaker 2: but you have the same problem that Frank Stephen Wallaser has.

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Speaker 2: You can't make Lamborghinis anywhere else. They have to be

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Speaker 2: built in Santa Agaita in Italy, and that's part of

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Speaker 2: the reason people buy them. Right, So are you going

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Speaker 2: to have to raise prices?

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Speaker 1: Well, we have not. The taught is at fifteen percent

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Speaker 1: right now, but they are twenty seven point five for sure.

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Speaker 1: We hope that they're going down to fifteen. That would

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Speaker 1: be a solution which we can live with. But we

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Speaker 1: are for free trade, so the best would be not

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Speaker 1: to have targets at all around the globe. Yes, we

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Speaker 1: are increasing the prices a bit for all the lineup,

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Speaker 1: but we are taking the bigger share of it.

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Speaker 2: Has it had? Okay, so now you're at twenty seven

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Speaker 2: point five the target is fifteen. I get that has

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Speaker 2: had the price increases that you've pushed through any effect

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Speaker 2: on demand because at the same time as you're pushing

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Speaker 2: through these price increases, we have all time record highs

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Speaker 2: in the US stock market. The rest of the world

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Speaker 2: is doing even better than the US in terms of

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Speaker 2: risk assets. Bitcoin is trading. I think it hit one

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Speaker 2: hundred and twenty five thousand dollars or thereabouts a couple

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Speaker 2: of days ago. So are you having any problem with demand?

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Speaker 1: One of the things which for sure is impacting business

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Speaker 1: is uncertainty. So we need to have a certain idea

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Speaker 1: of what is going to happen, and then it will

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Speaker 1: be let's say a Kalma situation. For sure, there is

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Speaker 1: a VFC because people are not knowing what is going

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Speaker 1: to happen, so they wait but for the moment. Together

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Speaker 1: with our partners, the dealers, we have had some delays,

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Speaker 1: but we think that we will be back on track

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Speaker 1: in the next month.

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Speaker 2: You've got a lot of new product out and a

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Speaker 2: little bit of a pivot for the typical Lamborghini right

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Speaker 2: We're used to these fire breathing, naturally aspirated twelve cylinder motors,

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Speaker 2: and you still have that, but they're now paired with

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Speaker 2: electric drive trains, so hybrids in the Revuelto, in the Tamorrio,

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Speaker 2: in the Urus. How are customers reacting to the hybridization

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Speaker 2: of Lamborghini's.

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Speaker 1: You know, we always said we don't need to be

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Speaker 1: the first one to do the things when it comes

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Speaker 1: to the hybridization, but when we get there, we have

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Speaker 1: to be the best ones and the market has to

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Speaker 1: be ready. Now, oh, the lineup is hybridized, and our

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Speaker 1: customers and not only accepting it in a very positive way,

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Speaker 1: but we also have a very solid older bank which

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Speaker 1: is exceeding one year for the lineup, so we are

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Speaker 1: very happy about this, and this is a phenomenon which

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Speaker 1: we observe worldwide.

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Speaker 2: We're looking at video here of the revwel To, and

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Speaker 2: that's obviously the one I want for my forever car,

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Speaker 2: but for my daily driver, I really am starting to

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Speaker 2: fall in love with the Temorrio or Temarrio. I'm not

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Speaker 2: sure how you pronounce it when you're when you're in Italy,

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Speaker 2: but it's a change from the hurricon right, because it's

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Speaker 2: down from a V ten to a V eight and

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Speaker 2: you know turbos and hybrids, and the look is also

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Speaker 2: a little bit softer, I think, Hannah, my friend Hannah

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Speaker 2: Elliott would say a little more more elegant. Power customers

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Speaker 2: reacting to this new vehicle. And when our delivery is

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Speaker 2: going to start happening, when can when can I get

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Speaker 2: the high the wheel?

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Speaker 1: So the name is the Mera, you know, it's the

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Speaker 1: name of a fighting ball. We are going to start

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Speaker 1: delivering the cars in the US by the end of

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Speaker 1: this year as demo cars, and then in the first

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Speaker 1: quote of twenty twenty six, we will have the first

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Speaker 1: customer cars. The car so far, without being test drived

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Speaker 1: by our customers, is already sold out for the next

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Speaker 1: twelve months. So this is a very good sign. And

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Speaker 1: it's a V eighty B turbo engine and it's a

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Speaker 1: very incredible engine because it drives up to ten thousand rpm.

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Speaker 1: So this is something which is also for an environment

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Speaker 1: we are in and the Super Sports Cup business unique

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Speaker 1: and this is something which the press and for sure

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Speaker 1: so Anna Elliott was appreciating a lot when we met

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Speaker 1: back some weeks ago in Esturel in Portugal.

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Speaker 2: That's right, Hannah's driven it and I haven't, but I'm

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Speaker 2: glad at least one of us has because she can

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Speaker 2: talk about it on our podcast Hot Pursuit. One of

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Speaker 2: the most fun cars I've ever driven in my entire

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Speaker 2: life was the Hurricane Stererrato. So that was the predecessor

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Speaker 2: to the Temoraio but it had a two inch lift

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Speaker 2: off road wheels and just an absolute blast to drive.

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Speaker 2: Are any of these other cars going to get the

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Speaker 2: Strato treatment? Would you envision, for example, a Tamorario s Toirato.

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Speaker 1: You know, we are, let's say, starting the new era

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Speaker 1: with older cars and the lineup completely new, so we

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Speaker 1: will have a clear dairy reid strategy. But it's a

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Speaker 1: bit too early now to speak about a possible Serrato.

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Speaker 1: There are others which are in front of this type

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Speaker 1: of car, so there will be open versions, faster versions,

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Speaker 1: and then we will see what we're going to do

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Speaker 1: if we're going to do a Stato. But as I said,

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Speaker 1: we have a lot in our pipeline in terms of deiotization.

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Speaker 2: What about a smaller Ura s Portia has you know,

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Speaker 2: the Cayenne, and then they've come out with the Maccon.

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Speaker 2: I'm seeing a lot more of those on the road,

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Speaker 2: and there is still demand for I guess a four

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Speaker 2: door sedan if it's lifted, you know, a compact s

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Speaker 2: u V. Is there room for another vehicle in the

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Speaker 2: Lamborghini lineup?

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Speaker 1: So when we looked into the lineup of Lamborghini and

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Speaker 1: of the super sports card business in general, two supercars

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Speaker 1: enough and one suv is very well fitting to Lamborghini

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Speaker 1: because in the past we already hit one and what

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Speaker 1: is missing is a Grand Turismo or GT car, and

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Speaker 1: this is what we're going to do. So we'll be

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Speaker 1: a two door two plus two sit and this is

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Speaker 1: going to be a model number four.

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Speaker 2: All right. I am always probing probing you for future

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Speaker 2: product news, and you're very good at holding it back.

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Speaker 2: But I'm glad you at least let that go that

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Speaker 2: there's going to be a two plus two, a GT

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Speaker 2: out of Lamborghini. Very much looking forward to that and

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Speaker 2: the Lonesador as well. Stefan, thanks very much. I have

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Speaker 2: a fantastic car week. Stefan Winkelman. There the CEO of

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Speaker 2: Lamborghini at Monterey