With global stock markets surging, it's no small surprise that supercar maker Lamborghini is fresh off another strong year of sales.
Lamborghini said this week that worldwide sales rose a solid 10% in 2017, marking the seventh straight year of gains. Europe was the hottest market for Lambo, notching a sales gain of 18%. Asia and America saw sales increases of 9% and 4%, respectively.
"It's a great moment [for us]," Lamborghini chairman and CEO Stefano Domenicali told TheStreet when asked how the stock market is helping lift supercar sales.
It may be a great time for Lamborghini right now, but that doesn't mean it will be plowing its profits into developing a driverless car. "I don't see a driverless Lamborghini happening," Domenicali said, adding that Lamborghini is instead investing in making its cars more intuitive for its fearless drivers. "The experience of driving a Lamborghini is a must for its customer base."
Domenicali did confirm that Lamborghini's next step is a hybrid, a necessary move before unleashing a fully electric model.
"In life, you don't underestimate anyone," said Domenicali.
Subscribe to TheStreet on Youtube and enjoy more videos!
Check out TheStreet's Other Influencer Interviews
- Federal Reserve's Neel Kashkari: Why the Banks Don't Like Our New Research
- PayPal CEO Says Bitcoin 'Unsuitable' - Here's What He's Really Excited About
- Canada Goose CEO: The Whole Year Has Been Exhilarating
- General Mills CEO: We Are Doing What We Said We Would Do
- CME Group CEO: What Our Bitcoin Futures Trading Launch Really Means
- Why Walmart's CEO Is Excited About His Order of New Tesla Semi Trucks
- Walmart CEO: We Are Changing and Wall Street Is Taking Notice
- Former NY Yankees Slugger Alex Rodriguez Reveals One Homerun Investment Tip
- Kiss Rocker Gene Simmons Has Made Amazing Calls on Stocks -- Here's His Newest
- What Rapper, TV Star Ice-T Learned From Two Powerful Business Moguls