Netflix’s Bid for Warner Bros Discovery Aims to Cut Streaming Costs and Reshape the Industry 
Dollar Holds Steady as Markets Shift Focus to 2026 Rate Cut Expectations 
Microchip Technology Boosts Q3 Outlook on Strong Bookings Momentum 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Wikipedia Pushes for AI Licensing Deals as Jimmy Wales Calls for Fair Compensation 
Airline Loyalty Programs Face New Uncertainty as Visa–Mastercard Fee Settlement Evolves 
USPS Expands Electric Vehicle Fleet as Nationwide Transition Accelerates 
Lamborghini supercars will never be the same by the end of 2024 as the carmaker said that by that time, all of its vehicle models would have been fitted with electric motors. The Italian brand and manufacturer of luxury sports cars may not be fully electric yet in three years but this is the first step.
The plug-in hybrid Lamborghinis
Lamborghini’s chief executive officer, Stephan Winkelmann, announced this week their plans for its range of car models to be a plug-in hybrid. This model features a combination of electric motors and batteries but will still have common internal combustion engines.
CNN Business reported that the luxury automaker’s target customers for its upcoming plug-in hybrid sports cars are individuals who spend hundreds of thousands of dollars for their cars to go fast, sound fast and look good at the same time.
The Lamborghini chief said that this type of car owners would definitely go for and accept this kind of hybrid technology. Winkelmann added that their plug-in hybrids will still offer the usual feel and sound of an internal combustion engine while also allowing the vehicle to run under pure electric power.
It was mentioned that Ferrari, Lamborghini's rival in the luxury sports car business, is already offering similar plug-in hybrid units and Britain's McLaren is also said to be introducing its own version and it will be around soon too.
The investment for the shift to electric motors
In any case, Lamborghini will be investing $1.83 billion or €1.5 billion for this plug-in hybrid project, as per CNBC. With this investment that will be allocated in the next four years, the company is hoping to help reduce carbon emissions in its cars by as much as 50% by 2025.
“Lamborghini’s electrification plan is a newly-plotted course, necessary in the context of a radically changing world, where we want to make our contribution by continuing to reduce environmental impact through concrete projects,” Winkelmann said in a statement. “In 2023 Lamborghini will launch its first hybrid series production car, and by the end of 2024 the entire range will be electrified.”
