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Aventador sales drive record revenue at Lamborghini

Let it never be said that there isn't money to be made selling high-end exotic sports cars. Last month Ferrari revealed that it had recorded record profits despite selling fewer vehicles than the year before. Now arch-rival Lamborghini has reported record revenue.
For the 2013 fiscal year, Lamborghini has announced that its revenue has increased for the third year straight - rising from 469 million euros last year (just short of $650 million at today's rates) to a record 508 million euros (over $703 million). Lamborghini reports that it has reinvested 20 percent of that turnover back into R&D.
The increased revenues come despite having discontinued its top-selling model, the Gallardo, which wound up its ten-year production run back in November to make way for the new Huracán. The increased revenues came from a higher proportion of Aventadors sold, a rise of 9 percent from 922 units in 2012 to 1,001 in 2013, representing a record for V12 models sold in the company's history and a waiting list of 12 months for a new Aventador.

In some Italian cities, even fast cars can no longer go fast

There’s so much to love about Italy: spaghetti carbonara, Ferraris, tiramisu, Michelangelo, high speed limitsÂ…. Wait. About those speed limits. In Bologna, a town with enormous character and exceptional cuisine, the city fathers only last month imposed a speed limit in the town of 30 kilometers per hour — about 20 mph — to make it safer and “more livable.” Critics of the measure are not contento. According to a recent story in The New York Times, drivers there argue that Bologna is “slowing to a standstill since it became the first major Italian city” to join a growing group of European municipalities that in the past few years have adjusted speed limits downward by half. The new rules, in place in Paris, Brussels, Copenhagen and cities across Spain, mark an effort to cut pollution, reduce energy use, and disincentivize car use. As reported by the Times, BolognaÂ’s mayor, Matteo Lepore, included the new speed limit among the campaign promises that helped to get him elected in 2021. Referring to the lower limit, he said, “Driving at 30 is part of a vision of a more democratic and more sustainable use of public space,” where neighborhoods put children and older people first, and investments favor bike paths and public transportation to work toward carbon neutrality. Adding fuel to the smolder, Bologna is the capital of a region that is home to Ferrari, Lamborghini and Pagani. The action in Italy has spurred protests, and petitions from some commuters that their daily travels to and from the city have grown substantially longer. And recently, the Times reported, a gathering attracted dozens of cranky citizens and cabbies to the streets, where they drove at a snailÂ’s pace in a makeshift parade, loudly honking horns and snarling traffic. The new speed limit “is impossible” to drive at, said Giorgio Gorza, who heads a citizenÂ’s group. “ItÂ’s like standing still, and no one takes a car if youÂ’re going to stay still, if it takes longer than walking. ItÂ’s illogical.” In 2021, according to the story, Olbia, in Sardinia, became the first Italian city to set a broad limit of 30 klicks an hour.

Autoblog Minute: New Civic, FCA UAW Agreement, Frankfurt

FCA reaches a tentative agreement with the UAW, Honda reveals the all-new 2016 Civic, and the Frankfurt Motor Show dazzles us again. Autoblog senior editor Greg Migliore reports on the Weekly Recap edition of Autoblog Minute. Show full video transcript text [00:00:00] FCA reaches a tentative agreement with the UAW, Honda reveals the all-new 2016 Civic, and the Frankfurt Motor Show dazzles us again. I'm senior editor Greg Migliore and this is your Autoblog Minute Weekly Recap. FCA reached a tentative labor agreement with UAW leadership. The major focus of the new deal reportedly includes: the eventual elimination of the two-tier pay scale [00:00:30] and pooling worker health care. Now that a leadership agreement is in place, the deal will be sent to FCA's rank-and-file. FCA has about 36,000 hourly employees. We got a first look at the interior and exterior of the 10th-generation Civic. Honda expects the new sedan to dominate the C-segment when it hits dealerships later this fall. Civic coupe, five-door hatchback, Si and Type R will all come later. The 2015 Frankfurt Motor Show is in the books and there was a lot of news to get excited about. [00:01:00] Porsche introduced a fully electric concept car in the Mission E. If they make this car, Porsche could give Tesla nightmares. We also saw SUVs from Jaguar and Bentley. There were two beautiful Italian convertibles from Ferrari and Lamborghini. Meanwhile, Mercedes introduced a concept of their own in the IAA - a vehicle that experiments with adaptable aerodynamics. Those are the highlights from the week that was. Be sure to check out my full recap this Saturday. Plus we'll have some added insight on General Motors' deal to [00:01:30] avoid federal prosecution. For Autoblog, I'm Greg Migliore. Autoblog Minute is a short-form video news series reporting on all things automotive. Each segment offers a quick and clear picture of what's happening in the automotive industry from the perspective of Autoblog's expert editorial staff, auto executives, and industry professionals. UAW/Unions Frankfurt Motor Show Bentley Chrysler Ferrari Honda Jaguar Lamborghini Mercedes-Benz Porsche Rolls-Royce Tesla Convertible SUV Concept Cars Electric Supercars Autoblog Minute Videos Original Video porsche mission e concept