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What luxury downturn? Lamborghini posts record results

DeFi Daily News by DeFi Daily News
July 29, 2024
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What luxury downturn? Lamborghini posts record results
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There have been some concerns that the luxury consumer may be pulling back on spending. But it looks like Lamborghinis may be an exception. The luxury automaker, which is part of Volkswagen (VOW3.DE, VOW.DE, VWAGY), reported first-half revenue of €1.62 billion and operating profit of €458 million, a record. It also delivered 5,558 vehicles. The results got a boost from the Revuelto hybrid supercar and the Urus SUV. Yahoo Finance autos reporter Pras Subramanian recaps the results in the video above. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime.
#youtube #lamborghini #car

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Tags: BondsbusinessCurrenciesDownturnEquitiesFXInvestingInvestmentLamborghiniluxuryMarketMarketsMoneyNewsNYSEPersonal FinancePoliticspostsRecordresultsSavingsStock marketstocksYahoo FinanceYahoo FInance Premium
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