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Lamborghini CEO on tariffs: 'For us, free trade is the right approach'
CNBC Television· 2025-08-21 22:30
But in general I have to say we have a free trade world. This is uh what uh is important for us because we were born to act globally. This is one of the the things being a small brand a high-end u exclusive brand which has the the DNA of the made in Italy uh which has to sell worldwide because the the segment we are in is spread all over the globe. So this is one of the things uh then we are have no competitors outside uh uh or inside the US.Now we are small manufacturer. We will never put um a production s ...
Lamborghini CEO on tariffs: 'For us, free trade is the right approach'
CNBC Television· 2025-08-21 11:55
Market Trends & Strategy - Lamborghini emphasizes regionalization over globalization, recognizing the growth in high-net-worth individuals globally, including in previously untapped markets like China [7][8] - The company aims to avoid market saturation by maintaining a global sales view across its 56 markets and 186 dealers, given the context of 80 million cars delivered annually worldwide [9] - Lamborghini is strategically expanding its model lineup from two to three models, with the Urus SUV contributing significantly to volume growth [5][10] - The brand is considering a fourth model, a Gran Turismo (GT) car, to fill a gap in the supercar market [14] - Lamborghini is delaying the all-electric vehicle timeline due to flattening EV demand, opting for a plug-in hybrid Urus successor [29][30] Brand & Customer Profile - Lamborghini sales have increased at least fivefold in the last 20 years, driven by unique brand elements and limited-edition cars that appreciate in value [5][6] - The company's clients, predominantly male entrepreneurs, value the "made in Italy" heritage and typically own at least five cars, with Reuelto owners averaging ten cars [16][17] - The average Lamborghini buyer is under 45 years old, with a significant portion in Asia around 30 years old, including both second-generation wealth and self-made entrepreneurs [18] - Lamborghini is actively working to attract more female buyers through targeted events like "She Drives a Lambo" and by leveraging the Urus's broader appeal [20][21] External Factors - Lamborghini emphasizes the importance of free trade for its global operations, given its small size and exclusive brand positioning [23][24] - The company acknowledges the complexities of tariffs but remains committed to finding a balance between its interests and customer value [26]
X @Bloomberg
Bloomberg· 2025-08-13 10:06
In a world of free trade and market competition, US dynamism should beat planning and economic statecraft. We aren’t in that world. https://t.co/qP6Hk54wdk ...
How Lamborghini is handling tariff costs.
Yahoo Finance· 2025-08-08 14:30
Pricing Strategy & Tariff Impact - Lamborghini aims to maintain stable pricing for its Urus and other models [1] - The company acknowledges absorbing a portion of tariff costs on new cars [1] Global Trade & Market Access - Free trade is crucial for Lamborghini's global sales success [2] - "Made in Italy" is a key differentiator, limiting competition and emphasizing production location [2] Future Strategy & Investment - Lamborghini prioritizes profitability for reinvestment in future technologies [3] - The company focuses on brand awareness and image to cultivate a loyal customer base [3] - Staying ahead of trends is essential for Lamborghini's continued success [4]
Walter Isaacon: I applaud a push to move manufacturing back to America
CNBC Television· 2025-08-07 12:30
President Trump and Apple CEO Tim Cook announcing an additional uh 100 billion dollar manufacturing deal. Joining us now CNBC contributor Walter Isacson. He's written books on Steve Jobs, Elon Musk. You know, when when we intro you, Walter, and we start talking about who you've written books, I I want to keep going uh because you it I mean the list is like mindboggling. Who else? So, Da Vinci, who else? You know, Jennifer Dow is the one you got to watch because she's the one who created the gene editing tec ...
'A tariff curtain around America': Trump begins final tariff countdown
MSNBC· 2025-08-01 04:15
NIGHT. GOOD EVENING ONCE AGAIN I'M STEPHANIE RUHLE AND IT IS DAY 193 OF THE SECOND TRUMP ADMINISTRATION. AND WE ARE STARTING TONIGHT.YOU GUESSED IT WITH MONEY POWER POLITICS FOR WEEKS NOW. MIDNIGHT TONIGHT WAS SET TO BE TRUMP'S BIG DEADLINE FOR COUNTRIES TO EITHER REACH A TRADE DEAL OR FACE THE BIG TARIFFS HE ANNOUNCED MONTHS AGO. JUST YESTERDAY, THE PRESIDENT POSTED, QUOTE, THE AUGUST 1ST DEADLINE STANDS STRONG AND WILL NOT BE EXTENDED.BUT TODAY, JUST HOURS BEFORE THAT DEADLINE HIT, HE'S BLOWING UP THOSE T ...
I've never been a 'free trader', says Jim Cramer
CNBC Television· 2025-07-28 23:41
We've now got two trade deal wins on our hands. Last week's deal with Japan and this weekend's deal with the European Union. Despite the market's muted response, Dow slipping 64 points as me inching up 0.02%.NASDAQ advancing.3 33%. I think our country ran the table on both. First, let me just say I play with an open hand.I've never been a free trader. Never. That didn't work for a whole group of angry people in this country who saw their jobs export into other lands.I know the era of free trade brought down ...
Trump on what he wants to hear from Powell: 'I'd love him to lower interest rates'
CNBC Television· 2025-07-24 21:15
things. Are there things the chairman can say to you today that would make you back off some of the earlier criticism. >> Well, I'd love him to lower interest rates.Other than that, what can I tell you. Uh, the country is doing really well. I just briefed the chairman on the deal we made with Japan.Japan is putting up $550 billion in order to lower their tariffs a little bit. That way, they have a little bit lower tariff. And they also opened their country to free trade, which nobody thought was even a poss ...
Dutch Finance Minister on US-EU Trade Negotiations, EU Budget, Support for Ukraine
Bloomberg Television· 2025-07-20 05:00
Trade Negotiations & Tariffs - The EU aims to secure a trade deal with the US before August 1st, emphasizing that free trade benefits both parties [1][4] - The EU is prepared to retaliate if a deal isn't reached, highlighting its position as a major trade bloc [4][5] - The Netherlands advocates for free trade and fiscal consolidation instead of tariffs, viewing tariffs as a tax on American consumers that increases inflation [8] - Concerns exist in Europe regarding increased capacity from trade barriers between the US and China, threatening European competitiveness [9] - Trade wars are not in anyone's interest, exemplified by concerns over Chinese product dumping in Europe and potential surplus issues for the US [10] - The Netherlands is against tariffs on semiconductors and emphasizes the importance of free trade for the semiconductor industry [6][7][8] EU Budget & Fiscal Policy - The proposed EU budget of €2 trillion is considered too high and "dead on arrival" by the Netherlands, which advocates for a smaller budget and reprioritization [11][12] - The Netherlands believes the focus should be on spending less rather than increasing taxes, especially corporate taxes [12][13][14] - The Netherlands prioritizes security and innovation within the EU budget [15] Support for Ukraine - The EU needs to continue supporting Ukraine through military, budgetary, and sanction measures against Russia [16] - Europe should pay for weapons to Ukraine [18] Multilateralism & Free Trade - Participants at the G20 meetings are vocal about the importance of free trade and reducing tariffs [20]
Wine Woes as President Trump’s Tariffs Loom
Bloomberg Television· 2025-07-19 14:09
Trade & Tariffs Impact - The U S could impose a 30% tariff on imported wine from the European Union if no deal is struck by August 1 [2] - A 20% tariff could significantly impact the wine industry, where net profits might only be 5% to 10% [3] - Tariffs could lead to higher prices for consumers, potentially making a $20 wine cost $25 [4] - Major domestic wine producing organizations are against tariffs on imported wine because their domestic growers rely on healthy wine distributors for access to market [8] - Some domestic producers need protection from multinational companies bringing in cheap, subsidized imports [9] Market Dynamics & Consumption - In 2023, the U S consumed just under 900 million gallons of wine, valued at over $107 billion, with more than 1/3 shipped from abroad [7] - Distributors and importers derive about 75% of their revenue from imported wine [8] - California wineries, which produce nearly 90% of U S wine, had over 500,000 excess tons of grapes last year, with 77 million gallons of wine in storage [13] Unfair Trade Practices - The European Union spends over 2 billion annually in EU and member state money propping up their wine sector, including subsidies and market promotion [12] - 24 million gallons of bulk wine are poured into California at super low prices, undercutting California grape growers [16] Potential Economic Consequences - American businesses make almost $23 billion from the sale of European wines in the United States, despite importing about $5.3 billion worth of wine from the European Union [21] - Tariffs could lead to contraction in the wine business, potentially causing American businesses to close and fire employees [22]