Lamborghini CEO Stephan Winkelmann has predicted that the global demand for ultra-luxury sports cars will fall this year, owing to the continuing European debt crisis and the slowdown of the Chinese economy. But their loss seems to be our gain. To compensate for falling sales in Europe and China, Lamborghini is now looking to expand in Asian markets and has opened a second dealership in India, where the number of millionaires are expected to more than double by 2015.
Another big announcement from the house of Lamborghini is its decision to cease production of its V10 Gallardo. Credited with reviving the brand after it was sold to the Volkswagen Group in 1998, the iconic Gallardo went on sale in 2003, racking up over 10,000 sales and making it the most popular Lamborghini of all time. It was on the streets, and extensively covered by popular media (even Akon rapped about it).
Although the model is as good as any of its contemporaries in terms of power and looks, the decision to discontinue production came after its Italian makers felt it was lagging in terms of technology. With a replacement already waiting in the wings, watch out for the new kid on the block.
