Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: Let's get back to Monterey Carweek. We're going to go
Speaker 2: back to the quail. We are now joined by Lamborghini
Speaker 2: CEO Stephan Winkleman. And Stephan first of all, great to
Speaker 2: see you really excited about the new products that you
Speaker 2: have to show this weekend and that you have for
Speaker 2: customers to buy. But I first want to ask you
Speaker 2: about the business side of it. You have the same
Speaker 2: certainty now at a slightly higher level, right fifteen percent,
Speaker 2: but you have the same problem that Frank Stephen Wallaser has.
Speaker 2: You can't make Lamborghinis anywhere else. They have to be
Speaker 2: built in Santa Agaita in Italy, and that's part of
Speaker 2: the reason people buy them. Right, So are you going
Speaker 2: to have to raise prices?
Speaker 1: Well, we have not. The taught is at fifteen percent
Speaker 1: right now, but they are twenty seven point five for sure.
Speaker 1: We hope that they're going down to fifteen. That would
Speaker 1: be a solution which we can live with. But we
Speaker 1: are for free trade, so the best would be not
Speaker 1: to have targets at all around the globe. Yes, we
Speaker 1: are increasing the prices a bit for all the lineup,
Speaker 1: but we are taking the bigger share of it.
Speaker 2: Has it had? Okay, so now you're at twenty seven
Speaker 2: point five the target is fifteen. I get that has
Speaker 2: had the price increases that you've pushed through any effect
Speaker 2: on demand because at the same time as you're pushing
Speaker 2: through these price increases, we have all time record highs
Speaker 2: in the US stock market. The rest of the world
Speaker 2: is doing even better than the US in terms of
Speaker 2: risk assets. Bitcoin is trading. I think it hit one
Speaker 2: hundred and twenty five thousand dollars or thereabouts a couple
Speaker 2: of days ago. So are you having any problem with demand?
Speaker 1: One of the things which for sure is impacting business
Speaker 1: is uncertainty. So we need to have a certain idea
Speaker 1: of what is going to happen, and then it will
Speaker 1: be let's say a Kalma situation. For sure, there is
Speaker 1: a VFC because people are not knowing what is going
Speaker 1: to happen, so they wait but for the moment. Together
Speaker 1: with our partners, the dealers, we have had some delays,
Speaker 1: but we think that we will be back on track
Speaker 1: in the next month.
Speaker 2: You've got a lot of new product out and a
Speaker 2: little bit of a pivot for the typical Lamborghini right
Speaker 2: We're used to these fire breathing, naturally aspirated twelve cylinder motors,
Speaker 2: and you still have that, but they're now paired with
Speaker 2: electric drive trains, so hybrids in the Revuelto, in the Tamorrio,
Speaker 2: in the Urus. How are customers reacting to the hybridization
Speaker 2: of Lamborghini's.
Speaker 1: You know, we always said we don't need to be
Speaker 1: the first one to do the things when it comes
Speaker 1: to the hybridization, but when we get there, we have
Speaker 1: to be the best ones and the market has to
Speaker 1: be ready. Now, oh, the lineup is hybridized, and our
Speaker 1: customers and not only accepting it in a very positive way,
Speaker 1: but we also have a very solid older bank which
Speaker 1: is exceeding one year for the lineup, so we are
Speaker 1: very happy about this, and this is a phenomenon which
Speaker 1: we observe worldwide.
Speaker 2: We're looking at video here of the revwel To, and
Speaker 2: that's obviously the one I want for my forever car,
Speaker 2: but for my daily driver, I really am starting to
Speaker 2: fall in love with the Temorrio or Temarrio. I'm not
Speaker 2: sure how you pronounce it when you're when you're in Italy,
Speaker 2: but it's a change from the hurricon right, because it's
Speaker 2: down from a V ten to a V eight and
Speaker 2: you know turbos and hybrids, and the look is also
Speaker 2: a little bit softer, I think, Hannah, my friend Hannah
Speaker 2: Elliott would say a little more more elegant. Power customers
Speaker 2: reacting to this new vehicle. And when our delivery is
Speaker 2: going to start happening, when can when can I get
Speaker 2: the high the wheel?
Speaker 1: So the name is the Mera, you know, it's the
Speaker 1: name of a fighting ball. We are going to start
Speaker 1: delivering the cars in the US by the end of
Speaker 1: this year as demo cars, and then in the first
Speaker 1: quote of twenty twenty six, we will have the first
Speaker 1: customer cars. The car so far, without being test drived
Speaker 1: by our customers, is already sold out for the next
Speaker 1: twelve months. So this is a very good sign. And
Speaker 1: it's a V eighty B turbo engine and it's a
Speaker 1: very incredible engine because it drives up to ten thousand rpm.
Speaker 1: So this is something which is also for an environment
Speaker 1: we are in and the Super Sports Cup business unique
Speaker 1: and this is something which the press and for sure
Speaker 1: so Anna Elliott was appreciating a lot when we met
Speaker 1: back some weeks ago in Esturel in Portugal.
Speaker 2: That's right, Hannah's driven it and I haven't, but I'm
Speaker 2: glad at least one of us has because she can
Speaker 2: talk about it on our podcast Hot Pursuit. One of
Speaker 2: the most fun cars I've ever driven in my entire
Speaker 2: life was the Hurricane Stererrato. So that was the predecessor
Speaker 2: to the Temoraio but it had a two inch lift
Speaker 2: off road wheels and just an absolute blast to drive.
Speaker 2: Are any of these other cars going to get the
Speaker 2: Strato treatment? Would you envision, for example, a Tamorario s Toirato.
Speaker 1: You know, we are, let's say, starting the new era
Speaker 1: with older cars and the lineup completely new, so we
Speaker 1: will have a clear dairy reid strategy. But it's a
Speaker 1: bit too early now to speak about a possible Serrato.
Speaker 1: There are others which are in front of this type
Speaker 1: of car, so there will be open versions, faster versions,
Speaker 1: and then we will see what we're going to do
Speaker 1: if we're going to do a Stato. But as I said,
Speaker 1: we have a lot in our pipeline in terms of deiotization.
Speaker 2: What about a smaller Ura s Portia has you know,
Speaker 2: the Cayenne, and then they've come out with the Maccon.
Speaker 2: I'm seeing a lot more of those on the road,
Speaker 2: and there is still demand for I guess a four
Speaker 2: door sedan if it's lifted, you know, a compact s
Speaker 2: u V. Is there room for another vehicle in the
Speaker 2: Lamborghini lineup?
Speaker 1: So when we looked into the lineup of Lamborghini and
Speaker 1: of the super sports card business in general, two supercars
Speaker 1: enough and one suv is very well fitting to Lamborghini
Speaker 1: because in the past we already hit one and what
Speaker 1: is missing is a Grand Turismo or GT car, and
Speaker 1: this is what we're going to do. So we'll be
Speaker 1: a two door two plus two sit and this is
Speaker 1: going to be a model number four.
Speaker 2: All right. I am always probing probing you for future
Speaker 2: product news, and you're very good at holding it back.
Speaker 2: But I'm glad you at least let that go that
Speaker 2: there's going to be a two plus two, a GT
Speaker 2: out of Lamborghini. Very much looking forward to that and
Speaker 2: the Lonesador as well. Stefan, thanks very much. I have
Speaker 2: a fantastic car week. Stefan Winkelman. There the CEO of
Speaker 2: Lamborghini at Monterey