Helped by its drive to cut costs, VW Group owned Italian supercar Lamborghini managed to report a 27.4 percent increase in pretax profits in 2008 over 2007 despite the fact that its sales remained virtually the same.
More specifically, turnover increased from €467,1 million. to €78,8 million in 2008 (+2,5%) while pretax profits rose from €47,1 million to €60,0 million. In terms of sales, the brand with the raging bull logo sold 2,430 cars worldwide in 2008, or 24 vehicles more than 2007 which represents a 1 percent increase.
Not surprisingly, the Italian brand saw a significant decrease in sales in the U.S. with 741 units sold compared to the 930 sold the year before - that's a 20.3% drop. In Europe, the firm's sales remained stable.
2009 New York Auto Show Photo Gallery
If you want to see your photos running on our homepage photo ticker,
be sure to upload your photos on the go by sending them to Mobile@AutoSpies.com
There are photos and then there are AutoSpies.com photos!
AutoSpies.com is ranked number one on Google search for auto shows
Read Article