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Ringo64

RSS Italy to offer Lamborghini 100 million euros to build Urus

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<p>Filed under: <a href="http://www.autoblog.com/category/earnings-financials/"rel="tag">Earnings/Financials</a>, <a href="http://www.autoblog.com/category/government-legal/" rel="tag">Government/Legal</a>, <a href="http://www.autoblog.com/category/plants-manufacturing/" rel="tag">Plants/Manufacturing</a>, <a href="http://www.autoblog.com/category/lamborghini/" rel="tag">Lamborghini</a>, <a href="http://www.autoblog.com/category/crossovers-cuvs/" rel="tag">Crossover</a>, <a href="http://www.autoblog.com/category/sports/" rel="tag">Performance</a></p><img src="http://o.aolcdn.com/dims-shared/dims3/GLOB/crop/1280x720+0+54/resize/800x450!/format/jpg/quality/85/http%3A%2F%2Fo.aolcdn.com%2Fhss%2Fstorage%2Fmidas%2F2b914050516ab8108d8e107c223b1e8a%2F201950361%2F03-lamborghini-urus-concept-monterey.jpg">Lamborghini is reportedly being offered as much as 100 million euros ($112 million) by the Italian government to hire 300 new workers to build the Urus crossover in Italy.<p><a href="http://www.autoblog.com/2015/05/05/lamborghini-urus-italy-incentives/" rel="bookmark">Continue reading <em>Italy to offer Lamborghini 100 million euros to build Urus</em></a></p><p style="padding:5px;background:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.autoblog.com/2015/05/05/lamborghini-urus-italy-incentives/">Italy to offer Lamborghini 100 million euros to build Urus</a> originally appeared on <a href="http://www.autoblog.com">Autoblog</a> on Tue, 05 May 2015 10:45:00 EST. Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href="http://www.autoblog.com/2015/05/05/lamborghini-urus-italy-incentives/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/forward/21179798/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/2015/05/05/lamborghini-urus-italy-incentives/#comments" title="View reader comments on this entry">Comments</a>

http://www.autoblog.com/2015/05/05/lamborghini-urus-italy-incentives/

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Wait a minute.....wasn't Italy in with Greece and on the financial rocks.

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Where is all this "money" coming from. What, is Cypress all better now, a thriving economy. Let's tax more taxes, when the tax bracket is 40% plus from the people, so a car company can build a car. Here's a crazy, radical idea,, how about a business uses it's own money that it makes and borrows to do something that they want to do, Something they think is worth.


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The Lamborghini Urus' prospects for production may have just received the impetus they need as the Italian government is preparing to offer significant incentives to produce the high-end SUV in the country.

According to a report from Bloomberg, Prime Minister Matteo Renzi's government is prepared to extend as much as 100 million euros (approximately $112 million) – but not in cash. That'd be a bit much for the borderline bankrupt national government. Instead the motivation is reportedly being offered in the form of tax breaks and other such incentives. In exchange, Lamborghini would pledge to hire 300 new workers to build the crossover.

The Urus, for those who may not recall, was a crossover concept which Lamborghini presented way back at the 2012 Beijing Auto Show. We caught a closed-door glimpse of it in New York shortly before its debut and saw it again in Monterey the following summer. Ever since, the Bolognese automaker has been petitioning its patrons at Audi and Volkswagen to give it the green light, but the Germans have been dragging their feet at the prospect of investing the necessary capital to pull it off.

Lamborghini is reportedly hoping to get a final decision next month, and the government incentives could help it make the business case to its parent company. While the Italy's terms would require final assembly to take place in that country, much of the work could end up being done at the same plant in Bratislava, Slovakia, where the Volkswagen Touareg, Audi Q7, and Porsche Cayenne are built. Bentley is expected to undertake a similar process for its new Bentayga, with assembly to be finalized in the UK.

Since the original post is just coming out as html garble for me

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