Lamborghini’s profits soar during Covid
The supercar maker saw record profits, partly fuelled by China, set to become its second-biggest market.
The supercar maker saw record profits, partly fuelled by China, set to become its second-biggest market.
A government decision to reduce subsidies ‘sends the wrong message’, says the motor industry.
Stuart Garner was ordered to return millions to investors but nothing has yet been paid out.
Industry experts say changes to custom rules will lead to further disruption for the sector.
The company says the move will help to safeguard jobs at the site, which currently employs 1,900 people.
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Union leaders have been meeting managers at the Welsh car plant where 200 jobs are at risk.
A union says the losses are “deeply concerning” and raise questions about commitment to the site.
The luxury car manufacturer says its battery-powered sports cars will be made in Warwickshire.