Lamborghini may be on the verge of constructing a new factory to build the Urus SUV if a deal with the Italian government comes through.
According to Bloomberg, Italy is willing to fork over €100 million ($113 million) in tax incentives if Lamborghini agrees to hire “as many as 300 people.” The details were leaked from a meeting in Rome on Tuesday, although there is no official confirmation of any deal or a separate plant aside from the one and only Sant’Agata.
“We have not yet decided about the series production of the Lamborghini Urus,” Lamborghini said in a statement. “Only when this is fixed, the question of the location for the production arises.”
Low-hanging millions—and the long wait that accompanies any federal process—may be a big reason why Lamborghini is still undecided about the Urus three years after its concept debut. From everything we gathered recently with Lamborghini CEO Stephan Winkelmann, Lamborghini wants to add more jobs despite maintaining a trim and comparatively tiny size next to Ferrari. Lamborghini hired 192 people last year and now has 1175 full-time employees, or about twice as many as when Winkelmann took over a decade ago.
Any new Lambo factory would likely feed off Prime Minister Matteo Renzi’s €1.8 billion stimulus plan. Along with €28 billion in planned spending cuts through 2016, the Italians have yet to overcome the 2009 global recession and reduce debt levels in accord with EU mandates. Unemployment is above 12 percent, many of Italy’s wealthiest citizens cheat their tax bills, and enough younger workers have been so fed up they’ve emigrated permanently to neighboring countries.
Italy’s employment picture took a further beating after FCA registered its corporate headquarters outside Turin. With Ferrari considering the same and Pirelli selling off to the Chinese, a 200-mph SUV built in Italy by taxpaying Italians couldn’t come at a more opportune moment. And Mr. Winkelmann, if you need another pair of skilled hands on the assembly line, we know a guy.
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