Lamborghini chief Stefano Domenicali says the Italian manufacturer will not be entering Formula 1 in the short term.
It had been suggested the supercar specialists were considering joining the sport and some reports even claimed the 2021 campaign could have been a potential start date.
However, Domenicali, who left his role as Ferrari team principal in 2014 before being appointed chairman and CEO at the Italian sports car brand in 2016, says the planned changes set to be brought into effect in three years time have halted any potential plans.
In an interview with the official F1 podcast ‘Beyond the Grid’, he said: “I would say [it’s] difficult in this moment because the level of investment that Formula 1 needs, not to be competitive but to compete, is very high.
“Today Lamborghini needs to invest in other priorities. In new product, in the network, in the dealers. We are consolidating a big group, a big growth. Therefore, in the short-term, I don’t see that possible. But in life never say never.”