According to the most recent report coming from Automotive News Europe, Lamborghini, the Italian supercar maker owned by Volkswagen AG, is going to announce it would produce its upcoming sport utility vehicle, previewed by the Urus concept, at home in Italy.
The sources, which talked to the media under the condition of anonymity because the news is not yet official, said the automaker managed to negotiate an agreement with the Italian government to obtain some tax breaks. According to the people that have knowledge of the proceeds, both Lamborghini chief executive officer Stephan Winkelmann and Rupert Stadler, the CEO of Audi AG – the parent company – will be on site for a press conference in Rome on Wednesday. The new deal would also be announced by Italy’s Prime Minister Matteo Renzi. The government has agreed to subsidy Lamborghini with up to 80 million euros ($87 million) in tax breaks and other benefits to increase Italian production, with the automaker in turn agreeing to create as many as 500 new work positions.
Audi, the parent company of Lamborghini, in turn owned by Germany’s Volkswagen AG, the second largest automaker in the world and the biggest in Europe, has been tasked to expand the supercar manufacturer’s lineup – which currently consists of the Huracan and Aventador models. The only two supercar offerings have limited growth for Lamborghini, especially in emerging markets such as China, where perfect roads can be hard to find. The production version of the Urus concept would be the second Lambo SUV after the so-called Rambo Lambo – the LM002.
Via Automotive News Europe