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Why Italians are no longer buying supercars

Italy is the wound that continues to drain blood from the body financial of Italian supercar and sports car makers. The wound was opened by the country's various financial police who decided to get serious about superyacht-owning and supercar-driving tax cheats a few years ago, by noting their registrations and checking their incomes. When it was found that a rather high percentage of exotic toy owners had claimed a rather low annual income - certain business owners were found to be declaring less income than their employees - the owners began dumping their cars and prospective buyers declined to buy.
Car and Driver has a piece on how the initiative is hitting the home market the hardest. Lamborghini sold 1,302 cars worldwide in 2010, 1,602 cars in 2011 and 2,083 cars in 2012 - an excellent surge in just two years. In Italy, however, it's all about the ebb: in 2010, the year that Italian police began scouring harbors, Lamborghini sold 96 cars in Italy, the next year it sold 72, last year it sold just 60. The declines for Maserati and Ferrari are even more pronounced.
Head over to CD for the full story and the numbers. What might be most incredible isn't the cause and effect, but where the blame is being placed. A year ago the chairman of Italy's Federauto accused the government of "terrorizing potential clients," this year Luca di Montezemolo says what's happening has created "a hostile environment for ­luxury goods." Life at the top, it ain't easy.

Chinese automaker readies a Lamborghini Urus fake

Do you love the absurd angular looks of the Lamborghini Urus, but don't have anywhere near the $200,000 needed to buy one? We have good news, then. A Chinese automaker is building a knockoff that costs about a tenth the price. Of course, you'll probably have to go to China to own and drive it. According to carnewschina.com, the vehicle in question comes from Huansu, one of several brands under major Chinese automaker BAIC. The company's name translates to "Magic Speed" according to the news outlet, as well as a Google translated version of PCAuto, a Chinese car news website. The model name is reportedly called C60, but it also has the name Hyosow on the back. It certainly hits the design on the head. Or at least 90 percent of the head. The silhouette of the grille is nearly identical, but it picks up a quartet of LED foglights on each side. The massive hexagons in the Lamborghini's grille are replaced with slats. The headlights are similar with individual LEDs, but the shape is much simpler. Continuing around the side, the Lambo's triangular fender vents have morphed into something that looks more like a shovel. The doppelganger lacks some of the sharp creases of the Italian car, and the resemblance really starts falling apart at the back. The large taillights of the Huansu have some of the angular lighting designs of the Lamborghini, but they aren't nearly as striking as the Lambo's narrow elements. There aren't any big vents, and the diffuser is far more boring on the Huansu. All that being said, though, this sucker is a blatant knockoff, regardless of how accurate it is or isn't. Despite a name like "Magic Speed," we don't expect this C60 Hyosow will have much of it, since it will reportedly have just a 2.0-liter turbocharged four-cylinder making 195 horsepower. At least it will be practical, housing between 5 and 7 people depending on how it's equipped. And of course, it's way cheaper. Converting Car News China's price estimate to U.S. dollars, the Huansu will only cost between $15,000 and $24,000. It may be a shameless knockoff, but we have to admit it probably isn't going to cost Lamborghini sales. People with Toyota Corolla money aren't on the verge of buying a supercar anytime soon. The official reveal of the SUV will be on June 6 at the Chongqing auto show, according to PCAuto. Related Video: News Source: China Car News, PCAuto Lamborghini Crossover SUV chinese copy

Lamborghini hired 192 new employees in 2014

If you took a census of boyhood bedroom walls... well, first of all, you'd probably be arrested, so we wouldn't recommend it. But if you did, before they'd cart you off and put you on some list, you'd likely come to the conclusion (based purely on the posters of exotic supercars) that Lamborghini was one of the biggest, most important automakers in the world. But in fact it's quite small: just a year ago it had less than 1,000 employees on the payroll. That number is rapidly expanding, though. The Bolognese automaker reveals that just over the course of 2014, it expanded its workforce by "192 highly qualified technicians and specialists," bringing its roster up to 1,175 employees. That's a large share of the 500 new staffers it has hired over the last four years, and the company plans to hire more in 2015 "with equally significant numbers." Just as impressively, while unemployment is booming in Italy, especially among the younger generation, about half of those new recruits at the factory in Sant'Agata are under 30. Human resources isn't the only part of the company that's expanding, though. The Raging Bull marque is participating in motorsports more than it ever has before, but the biggest achievement can be seen in its sales figures. The company sold a record 2,530 units last year, which is a good hundred more than its previous record from 2008 and about ten times the numbers it was moving when Volkswagen and Audi took over in the late '90s. The arrival of the new Huracan promises to drive its sales even higher, and if Wolfsburg ever gives it the green light, a third model line (like the Urus crossover) would shoot its numbers through the roof. Automobili Lamborghini: A record hiring of of nearly 200 new employees in 2014 Sant'Agata Bolognese, 28 January 2015 - 2014 was an extraordinary year for Automobili Lamborghini: not only from the standpoint of sales (2,530 cars delivered to customers), but other indicators also demonstrate the growth of the House of the Raging Bull. In 2014, the company hired 192 highly qualified technicians and specialists, bringing the total number of permanent employees to 1,175. Over the last four years, nearly 500 new employees have been hired, all with open-ended contracts. Further recruitment is planned in 2015 with equally significant numbers. Stephan Winkelmann, President and CEO of Automobili Lamborghini, commented: "Lamborghini is undergoing a strong phase of growth in both sales and in terms of recruitment.