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Luxury - China - Automaker Lamborghini to open dealership in Shanghai
SHANGHAI, China - The Detroit News -8 Nov 2005: -- Auto icon Lamborghini opened a dealership Tuesday in China's commercial capital of Shanghai, looking to the country's newly affluent to weather slowdowns elsewhere. Lamborghini, owned by Germany's Volkswagen AG, says market research showed Shanghai, the country's biggest city and a virtual citadel to conspicuous consumption, to be the most promising market for its vehicles, which cost $330,000 and more. The dealership, located along the city's main east-west thoroughfare, will carry the company's complete model lineup, the company said in a statement. Luxury sports cars are still way outnumbered by standard Volkswagen and Buick sedans on China's jammed city streets, but foreign luxury car makers are still racing to boost sales. General Motors Corp. makes Cadillacs in Shanghai and European brands such as BMW and Mercedes-Benz also operate assembly lines in the country. ..
posted by Unknown @ 3:36 PM
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