Speaker 1: Bloomberg Audio Studios, podcasts, radio.
Speaker 2: News from Miami is the CEO of Lamborghini, Stephan Winkelman. Stephan,
Speaker 2: thanks so much for your time today. Talk to me
Speaker 2: first about you know, your results are another record now
Speaker 2: in twenty twenty four and I imagine that just continues
Speaker 2: through the end of the year. Are you going to
Speaker 2: post the best year you ever.
Speaker 3: Have so far?
Speaker 1: It seems like it. It seems that we are going
Speaker 1: to be again on a record. I as you said,
Speaker 1: no in terms of deliveries, in terms of operating fit
Speaker 1: and also for sure in terms of turnover. What we're
Speaker 1: always looking into is not running for the pigs. We
Speaker 1: are looking into the fact that we need to have
Speaker 1: a solid order bank now which should last between one
Speaker 1: and one and a half years. And this is paramount
Speaker 1: for the success also for the twenty twenty five And
Speaker 1: also on the other hand, we have good of very
Speaker 1: high residual values, which is said now giving us the
Speaker 1: peace of mind that the things are going into the
Speaker 1: right direction. And the last, but not least, is the
Speaker 1: fact that we have a balanced distribution over the major
Speaker 1: regions in this world. And not to forget that now
Speaker 1: we have the youngest lineup in terms of products we
Speaker 1: have ever had in the history of Lamborghini and also
Speaker 1: in my opinion, the best one. Yeah, you.
Speaker 2: Are sold out, I think at least until the end
Speaker 2: of twenty twenty six, so I can't buy a new Lamborghini.
Speaker 2: That's part of the reason why prices in the aftermarket
Speaker 2: are even higher than MSRP. Are you planning a fourth
Speaker 2: model You've previously shown the Asteria concept PATV pays the
Speaker 2: way for a front engine competitor to for RSGT vehicles.
Speaker 1: Is that on the cards, but our idea is to
Speaker 1: have the three cards we have today is plugging hybrids,
Speaker 1: which is the first step of our strategy we call Portori,
Speaker 1: so to have more performance by less your two emissions.
Speaker 1: And by the end of this decade we are looking
Speaker 1: into a force model which we showed already as a
Speaker 1: concept car last year in Pebble Beach, the Lansador, And
Speaker 1: this is something which is going to happen by the
Speaker 1: end of this decade and would be the first full
Speaker 1: electric car. And I think as an add on, this
Speaker 1: could be a good step for us in terms of
Speaker 1: closing the circle because the GT card, this is what
Speaker 1: it is now an elevated GT car. So a two
Speaker 1: door two plus two is what is missing today in
Speaker 1: the lineup of Lamborghini.
Speaker 3: Really curious about how you would categorize what's happening with
Speaker 3: hybrids right now. If you think about the demand moving forward,
Speaker 3: how much of it is coming from the US, How
Speaker 3: excited are US consumers? Where is the hesitancy? To what
Speaker 3: extent do you believe that this could be the model
Speaker 3: of the future.
Speaker 1: I think we are very well positioned with the plug
Speaker 1: in hybrids. The important thing is that you have to
Speaker 1: keep the promise being us a common affecture which is
Speaker 1: not selling mobility but dreams. On one endside, the design
Speaker 1: has always to be new. We have cutting a technology
Speaker 1: and we have to keep the promise that this generation
Speaker 1: is more performing than the generation before and at the
Speaker 1: same time we are emitting less CO two emissions. If
Speaker 1: this comes together and this is happening, then the customers
Speaker 1: buy in and this is equally distributed into the region
Speaker 1: of the world. And we are very carefully looking into it.
Speaker 1: And the US is by far the biggest market we have.
Speaker 1: And now I'm here in southern flo Florida, and the
Speaker 1: Florida is the second largest in the US, so it's
Speaker 1: important to be here as often as we can.
Speaker 2: Being the biggest market that you have. I wonder how
Speaker 2: you're preparing for looming tariffs. I realize that your product
Speaker 2: is at a price level which makes buyers maybe slightly
Speaker 2: less elastic. But are you importing, for example, more cars
Speaker 2: now to get in under the wire? Did people make
Speaker 2: more purchase decisions post election due to the certainty?
Speaker 1: No? No, we are doing business as we know it.
Speaker 1: We are for a free trade world and we are not,
Speaker 1: let's say, doing speculations about the future. We do our
Speaker 1: job and we are here to stay.
Speaker 3: Speaking of challenges, I also want to talk about your
Speaker 3: parent company, because of course Volkswagen is pushing four factory closures,
Speaker 3: wage cuts, layoffs in Germany to profitability. How will the
Speaker 3: cuts impact you and the synergies that you enjoy with Volkswagen.
Speaker 1: You know, the Folks One Group is very good in
Speaker 1: dealing with brands, so we have our responsibility in terms
Speaker 1: of for sure the operating profit. We have our responsibility
Speaker 1: of research and development, producing cays and also setting cars.
Speaker 1: So there is no effect or no negative effect on
Speaker 1: our plans for the future. In the Folks Long Group,
Speaker 1: all right.
Speaker 2: Stefan, we really appreciate your time. Very exciting to see
Speaker 2: the products that you're putting out, and I'm hopeful that
Speaker 2: we'll hear more about a two plus two model in
Speaker 2: the future. Stefan Winkelman there, the CEO of Lamborghini.