Billionaires 'Know What They're Doing,' Lamborghini CEO Says As Trump Tariff Uncertainty Pauses Luxury Car Orders - Volkswagen (OTC:VWAGY)

Billionaires 'Know What They're Doing,' Lamborghini CEO Says As Trump Tariff Uncertainty Pauses Luxury Car Orders - Volkswagen (OTC:VWAGY)

Lamborghini Automobili CEO Stephan Winkelmann said tariff uncertainty under President Donald Trump has prompted even billionaire customers to postpone supercar purchases, with the Italian luxury brand currently paying 27.5% duties on U.S. exports. Luxury Automaker Faces 27.5% Import Duties as Customers Wait “Some are waiting because they want to be sure that this is the final number that is going to be in place,” Winkelmann told CNBC. “They are …

Lamborghini CEO warns tariffs have even forced its wealthiest consumers—who have an average of 5 cars in their garage—to waver on buying a new ride

Lamborghini CEO Stephan Winkelmann said some of its moneyed customers are holding back on new car purchases as tariffs remain unstable between the U.S. and EU. The U.S. is the company’s biggest market, and despite recent record results and an order backlog that provides some cushion against a sales slowdown, Winkelmann said tariffs have the potential to deal the company a blow.  President Donald Trump’s tariff instability is putting the economy …

Even Millionaires Cry When Lamborghini Slaps Them With Tariff Bills

Lamborghini faces a 27.5% U.S. tariff, prompting its buyers to wait. CEO Stephan Winkelmann says even millionaires watch costs closely. The new $3.5M Fenomeno hypercar launches amid tariff uncertainty. One would have thought that clients of super-luxury brands like Lamborghini are immune to things that frighten the hell out of us mere mortals – like, say, rising costs due to the newly imposed US tariffs on imports. But that assumption would be w…