Lamborghini accepts Renzi's deal and will build the SUV in Italy

Audi and Lamborghini have liked the idea proposed in early May by the Italian government of Matteo Renzi. A few weeks ago, the administration of the Italian country told the manufacturer from Sant’Agata Bolognese that it was willing to grant it substantial tax advantages if it built its new SUV in Italy and, in this way, helped fight unemployment.

The negotiations held throughout this month have finally borne fruit. According to Bloomberg once again, tomorrow the executives of Lamborghini, Stephan Winkelmann, and of its parent company, Audi, Rupert Stadler, are scheduled to attend a press conference in Rome with Renzi, where they will confirm the agreement signed and detail some of its key points.

The source Bloomberg contacted has offered data about this deal. The conditions on which it is based would mean that Lamborghini commits to hiring 500 employees in Italy to increase its production capacity, and the central government would grant the brand incentives such as tax reductions, among others, equivalent to 800 million euros.

Lamborghini has neither confirmed nor denied this information. From the agreement established, which was signed almost at the same time as the renewal this Friday of Lamborghini’s contracts with the unions representing its workers, it can be inferred that Audi has given its approval to this strategy and deviates, at least on this issue, from the line of the Volkswagen Group of cutting costs in large-scale development and production.

Despite this news, as we already commented three weeks ago, the German consortium maintains its intention to assign the production of several parts of the Lamborghini SUV to its factory in Bratislava, Slovakia, where the Porsche Cayenne is assembled. Lamborghini expects an annual production rate of 3,000 units of this model, a figure that will allow it to double the current one.

Via | Bloomberg