2012 Bugatti Veyron on 2040-cars

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EU Parliament allows low-volume automakers to sell ICE cars after 2035

Bloomberg recently ran a piece about how new cars are "just for the rich" thanks to constraints — real and artificial — that have boosted prices and profits. It's possible internal combustion engines will end up behind the same paywall. The European Parliament has been laying out the regulations that will guide the transport industry to and beyond 2035, when the EU will forbid sales of new ICE-powered passenger cars and vans. The latest step in the process was to approve a carveout for automakers that register fewer than 1,000 cars per year. Basically, every independent hypercar maker on The Continent plus Bugatti would be allowed to sell 1,000 units annually. The vote was probably closer than some expected, with 340 votes in favor, 279 against, and 21 abstentions, meaning just 40 parliamentarians made the provision possible. We're sure we haven't heard the end of it, either. Italy and its super sports car makers have publicly stated their desires for an exception to the ban. Never mind that outfits like Pagani, Bugatti, and Koenigsegg have barely made 1,000 cars apiece throughout their lifespans, if the rules would allow 1,000 new Jeskos on the road every year, why not allow 1,000 ICE Lamborghinis out of Sant'Agata's total annual production?   As Autocar noted, the carveout doesn't apply to the UK, the island nation also banning new ICE sales in 2035. Autocar reports that government officials there are considering such a measure. It would be vastly more important in the UK where cottage industry carmaking — Ariel, BAC, Ginetta, Morgan, and so on — is a national point of pride.  For the rest of the enthusiast public, carbon-neutral synthetic fuels or Toyota's hydrogen-fueled ICE efforts might be the best currently known bets to save the ICE soundtrack. 2035 is around the corner from a development standpoint but ages away from a tech standpoint, so who knows what kind of world we'll be looking at on the other side. It's still going to sound like hypercars, though. Government/Legal Bugatti Koenigsegg Pagani

Volkswagen may 'carve out' Lamborghini to list on the stock exchange

FRANKFURT — Volkswagen is drawing up plans to set up Lamborghini as a more independent unit, and is discussing long-term supply deals that could make it easier to list it on the stock exchange, two sources familiar with the matter told Reuters. "Volkswagen is in the process of carving out Lamborghini, and to organize future supply and technology transfer deals," one of the sources familiar with the matter told Reuters. The Italian sportscar brand, which is currently a division of Audi, could be partially listed, with Volkswagen retaining a controlling stake, the first person familiar with the talks said. There is no formal decision to divest Lamborghini, a second source said, adding that the timetable of any deal remained unclear. "This is a first step which gives VW the option to list the unit further down the line," the second source told Reuters. A third source familiar with the discussions said the future of Bugatti, Lamborghini and Ducati was discussed during a supervisory board meeting last Friday. The possibilities for how to electrify the Lamborghini and Bugatti brands through partnerships and investors was discussed, the third source said. Bankers and potential cornerstone investors in an IPO have been approached by the carmaker, the sources said. Volkswagen declined to comment. Volkswagen Group's Chief Executive Herbert Diess on Wednesday said the carmaker will announce "important steps" about the company's future before the close of the year. Volkswagen is reviewing what role its high-performance brands Lamborghini, Bugatti and Ducati will play within the multi-brand carmaker as part of broader quest for more economies of scale, senior executives told Reuters. A global clampdown on combustion-engined vehicles has forced carmakers to accelerate development of low-emission technology for mainstream models, leaving Volkswagen managers struggling to find resources to electrify low volume sportscar models. Related Video:

Is a wrecked Bugatti worth $250k?

When a Bugatti Veyron crashed on a highway in Austria a few months ago, insurance company AXA estimated the cost of repairs at upwards of $800,000. Of course, there were worries that even after all the repairs the car may never drive quite the same. So rather than try, the insurance company evidently wrote it off and paid the owner the insured value of the car. But now it's got the wrecked Bugatti on its hands, and is looking to offload it.
This early model, built in 2008, has the original version's 987-horsepower 8.0-liter quad-turbo W16 engine, a fixed roof and a blue and black livery - unlike some more recent examples that have adopted a removable roof panel, employed a more powerful 1,184-hp engine and moved away from the original two-tone paint schemes. It's got nearly 20,000 miles on the odometer and would still require the better part of a million bucks to get it running again... at which point it could be worth more in spare parts, which surely don't come cheap from the manufacturer in Molsheim.
Alternatively, with bidding currently hovering around a quarter million, you could just get yourself a brand spankin' new Ferrari 458 Italia, Lamborghini Huracán or McLaren 650S and actually get to drive it without spending eight hundred grand on repairs. But if you were looking to pick up a Veyron on the cheap, regardless of condition, this could be your chance.