- Italy is one of the hardest areas by the Coronavirus.
- The plant will remain closed until March 25th.
Lamborghini, a property of Volkswagen, will idle its Bologna plant following Italian Prime Minister Giuseppe Conte’s order to close all shops in the country. As all Lamborghini vehicles are built here, delays in deliveries are inevitable.
This news story, which is a direct result of the COVID-19 coronavirus, also means that Ferrari and Pagani, among other shops and assembly plants, will be idled until March 25th, at the very least. Only four days ago, Ferrari stated that everything was business as usual – clearly, this is no longer the case.
Lamborghini, in the Bloomberg story, says that demand for the supercars and SUV have plummeted in China. Last year, China was the second most important market for the exotics, at 770 delivers, after only the US’ 2,374.
More than likely, China is also a huge market for Ferrari and other supercar manufacturers around the globe. China’s enormous financial power was a reliable source of growth for many carmakers but the Coronavirus has thrown an enormous wrench in all of these plans.
We don’t think we’ve heard the last about assembly plants being temporarily stopped.