Boss Winkelmann predicts sales gloom until 2011
10 June 2009

Lamborghini boss Stephan Winkelmann has reported a sales drop of 30 per cent in the first five months of this year - and has predicted markets won't recover until 2011.

Lamborghini boosted pre-tax profit 27 per cent in 2008 to 60 million euros (£51.5 million) on revenue up 2.5 per cent to 479 million Euros (£411 million). A serie sof cost savings in particular boosted profits.

"In the first five months we are minus 30 per cent," Winkelmann told the Reuters Global Luxury Summit in Paris.

"We could stay profitable with sales that are dropping at 40 percent (in 2009). We are foreseeing a scenario that is staying on the same level next year and coming back in 2011."

Lamborghini is part of Audi AG, which is owned by Europe's biggest carmaker, Volkswagen AG.

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