Filed under:
Concept Cars,
SUV,
Europe,
Crossover,
Bentley,
Lamborghini,
Volkswagen,
Earnings/Financials,
Luxury
After surveying the European economic scene,
Volkswagen may have decided now is not the time to launch utility vehicles with
Bentley and
Lamborghini badges. Bentley officials say they will continue to push for support for the
EXP 9 F and Lamborghini CEO Stephan Winkelman has said planning for the
Urus will continue until VW tells it to stop.
That decision could come on November 23, when VW's board will vote on the company's budget for equipment, factories and vehicles. With VW's sales slowing and the Euro economy slumping further, some industry watchers say the company is more likely to build its cash reserves than to introduce super-expensive luxury SUVs or crossovers.
"Such vehicles are anything but obligatory during a crisis," says Frankfurt-based Equinet AG analyst Tim Schuldt in a new
Automotive News Europe story. "Delaying their launch would be no drama but help save costs."
Lamborghini and Bentley may hold off on SUVs so VW can conserve cash originally appeared on
Autoblog on Thu, 11 Oct 2012 14:16:00 EST. Please see our
terms for use of feeds.
Permalink |
Email this |
Comments
More...
Report: Lamborghini and Bentley may hold off on SUVs so VW can conserve cash
