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After Ferrari Luce backlash, Lamborghini CEO says canceling its own EV was the right choice

From cnbc.com

After intense backlash following the reveal of Ferrari’s first all-electric vehicle, the Luce, the CEO of rival luxury vehicle maker Lamborghini said canceling his company’s EV plans was the correct choice. Lamborghini CEO Stephan Winkelmann said on Wednesday the automaker’s decision to kill the all-electric Lanzador and a version of its Urus SUV to focus on plug-in hybrid electric vehicles was “the right way to go” for his company, but said “every brand, every company has to decide for themselves.” “Our decision to go from [traditional internal combustion engine] to plug-in was a very important one for us, and it ... (full story)

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  • Category: Fundamental Analysis