Lamborghini company has announced the launch of production of a new vehicle after getting $87-million subsidies from the Italian government, The Huffington Post reported.

The Urus SUV will be produced at a new factory in Italy, and the company expects to create 500 jobs at factory near Bologna, The Huffington Post reported.

A new vehicle is expected to enter the market in 2018 with a production of 3,000 vehicles a year.