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Lamborghini CEO says Urus brings lots of new customers from Russia and India

The new Lamborghini Urus might turn out to be a golden goose for Lamborghini. The twin-turbo V8 SUV is finding new customers for the Italian supercar manufacturer, and in an interview with CNBC, Lamborghini's CEO Stefano Domenicali says the reception for the $200,000 vehicle has been unexpectedly "fantastic." The outlook for Lamborghini's 2018 sales is projected at 5,000 cars, and the Urus could account for over a thousand of those. By 2020, Lamborghini would be building some 8,000 cars per year, and over a half of those would be Urus sales. Domenicali says that would be a point where Lamborghini would restrict its growth, as does rival Ferrari, to keep its supercar brand exclusive. The head of Lamborghini's Asia Pacific sales, Andrea Baldi also says the manufacturer will "always make sure" that demand for its cars is higher than the supply. If making SUVs turns out to be a success for Lamborghini, the key might be hidden in the nameplate of the Urus. It's indeed Russia that looks to be a fertile land for Urus sales, since it's a country with both demanding roads and demanding customers. Domenicali says Russian roads have made it hard to sell traditional Lamborghini products, but the SUV should find a strong customer base there. India is another significant new market for the Urus, for similar reasons. And as for the influx of new Lamborghini customers: a growing part of them are cryptocurrency investors. It looks like bitcoin bros will only accept a Lamborghini as the token of their newfound success. "These are young people that want to become very rich with a high-risk investment," said Domenicali. "And our customers are young as well, and very aspirational. They are not shy. So I think there is a connection." Related Video: News Source: CNBCImage Credit: AOL/Drew Phillips Lamborghini Crossover SUV Luxury Performance stefano domenicali

Last Lamborghini Diablo of the 20th century heads to auction

Even among rare sports cars, some examples are simply more special than others because of their place in history, and for Lamborghini fans this 1999 Diablo SV might be something truly exceptional. Silverstone Auctions claims this is the final Diablo SV and arguably the last "true" Lambo before Volkswagen Group's complete takeover. This Diablo SV left the factory on December 21, 1999, which made it the final Lamborghini of the 20th century. At that point, VW Group already had financial control over the Italian sportscar maker, but Silverstone Auctions claims the German company really asserted its power starting in 2000. Whether you want to consider this the final "true" Lamborghini or not, it's still a fantastic looking sports car. This right-hand drive example has covered about 32,200 miles and underwent a chassis and suspension restoration in 2013. Silverstone Auctions believes this is the only Diablo to wear this three-coat Pearl Red/Orange exterior color, and the interior upholstery is a mix of black leather and Alcantara. Silverstone Auctions will sell the Diablo at the Practical Classics Restoration and Classic Car Show in Birmingham, England, on March 6. The company expects the sportscar to sell for 150,000 to 170,000 pounds ($218,000 to $247,000 at current rates). We're curious to see if the car's place in Lamborghini history has any effect on the sale price. LAST 'TRUE' LAMBORGHINI FOR AUCTION A special 1999 Lamborghini Diablo SV, believed to be the very last Lamborghini to leave the Sant'Agata factory before Volkswagen took full ownership, will be auctioned at Silverstone Auctions' sale at the Practical Classics Restoration and Classic Car Show. An important piece of Lamborghini history, the car is also believed to be the last Diablo imported into the UK as well as the last Diablo SV off the production line. It is estimated at between GBP150,000 and GBP170,000 and will be offered in the sale taking place at the NEC, Birmingham on 6th March. 'V12 SVR' left the factory on the 21st of December in 1999 immediately before Lamborghini shut down for the Christmas break and their celebrations to mark the end of the Century. For the previous few months the Volkswagen Group had been in financial control of the company but the end of that year marked a turning point. From the beginning of 2000 Teutonic efficiency began to replace the magic of Italy in terms of the bloodline, style and general madness of the Italian supercars.

Tourist in Dubai nets more than $47,000 in speeding fines in four hours

Before I went to Dubai last fall, I imagined a sea of supercars running rampant with few repercussions. I couldn't have been more wrong (at least when it comes to the repercussions bit). Speed cameras in Dubai are no joke. The drivers, though occasionally erratic, steadfastly follow speed limits. And the penalties for breaking the law in the United Arab Emirates are quite severe. Apparently, a 25-year-old British tourist was expecting more freedom when he racked up more than $47,000 in fines in a rented Lamborghini Huracan in fewer than four hours. The list of fines is impressive in its own way. All the infractions occurred between 2:31 a.m. and 6:26 a.m. on July 31, the day after he rented the car. He was caught driving between 78 and 143 mph on two stretches of road — 32 times on Sheikh Zayed Road and once on Garn Al Sabkha Road. That's nearly twice the legal limit in some areas. Several of the fines were fewer than two minutes apart. Once, he managed to rack up two fines in under a minute. Rather than waiting for a ticket in the mail, the fines were immediately sent to the registered owner, in this case Saeed Ali Rent a Car. The tourist paid just over $1,600 to rent the Lamborghini for two days. He left his passport with the rental agency as a guarantee. The tourist listed his address as a hotel. Because there's a disagreement over who pays the fees, according to The National, he's still in possession of the car, and the rental agency has his passport. The rental company doesn't want to take the car back because it knows it will be stuck with the bill to get it out of impound. The impound fees totaled more than $27,000, more than the cost of the speeding fines themselves. The rental company filed a motion for a travel ban, but it was denied. It has since contacted the British embassy, letting the embassy know that the passport is in their possession in case the tourist claims it's lost. One way or the other, someone is going to have to pay. Related Video: