Helped by its drive to cut costs, VW Group owned Italian supercar Lamborghini managed to report a 27.4 percent increase in pretax profits in 2008 over 2007 despite the fact that its sales remained virtually the same.

More specifically, turnover increased from €467,1 million. to €78,8 million in 2008 (+2,5%) while pretax profits rose from €47,1 million to €60,0 million. In terms of sales, the brand with the raging bull logo sold 2,430 cars worldwide in 2008, or 24 vehicles more than 2007 which represents a 1 percent increase.

Not surprisingly, the Italian brand saw a significant decrease in sales in the U.S. with 741 units sold compared to the 930 sold the year before - that's a 20.3% drop. In Europe, the firm's sales remained stable.

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Lamborghini's Profits Skyrocket 27.4% For 2008

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