SANT'AGATA BOLOGNESE, Italy -Italy's Lamborghini will always make cars in Italy as it plans to launch its first electric model only in 2029, amid a market for luxury sports cars which is not ripe for full electrification, CEO Stephan Winkelmann said on Monday."We do not think 2029 is late to have an electric car.
Winkelmann said Lamborghini was not in a hurry to push for electrification. The company also is waiting for a clearer regulatory outlook in the European Union, as a review of the bloc's ban on the sale of new internal combustion engine cars from 2035 is currently scheduled in 2026. Winkelmann, who reiterated there were no plans for a Lamborghini spin-off from the Volkswagen group, said Lamborghini cars would always be produced in Italy.