The latest from Reuters.
Lamborghini has given notice to Mercury, Russia’s biggest luxury group, that it will end their partnership because it is not satisfied with its services and sales performance, the Italian sports car maker said. Mercury, which has been working with Lamborghini for more than four years, said it was trying to find solutions with the Italian company, and stressed that the financial crisis was more to blame for low sales than its strategy as a car dealer. The fall-out between the two companies, while part of everyday business, highlights the difficulty for foreign luxury car makers of doing business in Russia, known for its Byzantine legal system. – from Reuters