Tuesday, October 16, 2012

Lamborghini and Bentley may delay upcoming SUVs

The luxury Lifestyle blog (the home of luxury Lifestyle) presents Lamborghini and Bentley may delay upcoming SUVs.

The ongoing economic crisis in Europe might lead to VW Group’s decision of postponing the launch of the Lamborghini Urus and the Bentley EXP 9 F.

The EXP 9 F was unveiled at the 2012 Geneva Auto Show and the Lamborghini Urus at the 2012 Beijing Auto Show.

The Bentley created controversy for its extravagant styling, while the Lamborghini was criticized for being too far removed from the supercars that define the brand.

The two VW divisions aim to replicate Porsche’s success with the Cayenne SUV, which now accounts for half the sports car maker’s deliveries.

But exorbitant pricing, fierce competition and a limited pool of buyers in markets such as China may restrain their sales, according to research firm IHS Automotive.

Reuters, citing unnamed sources, is reporting that VW may postpone the models as it reviews its spending in other crucial areas such as equipment and factory upgrades, as well as development of other higher volume models.

The spending review is expected to be ratified by VW’s supervisory board on November 23, the sources revealed.

Source luxuo.com

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