Italian sports carmaker Lamborghini’s deliveries to the Middle East have returned to normal levels following previous disruptions as a result of the conflict in the region. The outlook remains uncertain, however, according to Head of Sales Federico Foschini. Reuters reports.
The Middle East accounts for around 450 cars sold per year, corresponding to approximately 5 percent of Lamborghini’s volume, and is a market with high margins.
During the first nine months of the year, operating profit fell 4.8 percent to 564 million euros. The company cited, among other factors, negative currency effects, higher depreciation and US tariffs.
Lamborghini also reiterated that plans for an all-electric model have been put on hold.
Lamborghini is part of the Volkwagen Group.
