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Lamborghini Gallardo LP 570-4 Squadra Corse brings one-make series to the road

Lamborghini announced a new Gallardo model today, the all-wheel-drive LP 570-4 Squadra Corse, and it's almost identical to the LP 570-4 Super Trofeo single-series race car. Its world premiere will be held at the Frankfurt Motor Show in September.
The street-legal Squadra Corse shares key components with the Super Trofeo - both of which are based on the Gallardo Superleggera - including the 570-horsepower V10, carbon fiber rear wing and removable engine hood made in the same material. The rear wing produces up to three times more downforce than what's found on the LP 560-4. Through the generous use of weight-saving materials and components, the Squadra Corse weighs in at 2,954 pounds, which is 154 pounds lighter than the LP 560-4. To stop all of that mass, standard production carbon-ceramic brakes are used.
Carbon fiber bucket seats with Alcantara center inserts replace the regular seats, though buyers can option them back in. Alcantara also covers the underside of the dashboard. The door panels, center console cover, handbrake frame and lower section of the steering wheel are all made in carbon fiber.

Volkswagen Group names Paefgen head of classics program

You may remember the name Franz-Josef Paefgen. Until recently, the German engineer and executive was head of both Bentley and Bugatti. Before that he was chief executive of Audi, after working for several years at Ford. He technically "retired" earlier this year, but like the cars he helped create, an executive like Paefgen could never really retire. So it should come as little surprise that the Volkswagen Group has named Dr. Paefgen head of its Classic program.
In his new capacity, Paefgen will oversee the historic automobile activities of the entire VW Group, including those of Volkswagen, Seat, Skoda, Audi, Lamborghini, and of course Bentley and Bugatti. It strikes us as a suitable semi-retirement for the man responsible in no small part for the Bugatti Veyron and Bentley Mulsanne, to name just two, and who was decorated in 2006 by the ACO as the "Spirit of Le Mans" for his contribution to endurance racing. Read the official announcement after the break.

Rare early Lamborghini Countach sells for record $1.2 million

Lamborghini may have made headlines with the highly exclusive, $4.5-million Veneno and the even more expensive Veneno Roadster that followed, but when it comes to classics sold at auction, their prices seldom approach the kind of figures attained by rare classics made by arch-rival Ferrari. Early 350 GTs and rare Miuras (like the SV prototype Gooding sold a few years ago for a record $1.7 million) have been known to breach the seven-figure mark, but now the Countach is making its way into the big leagues as well.
Pictured here is a rather exceptional early example sold by Bonhams in Connecticut last week. This 1975 Lamborghini Countach LP400 "Periscopica" - so dubbed for the unique rearview mirror fitted to the first 150 examples made - has just over 10,000 miles on the odometer. With flawlessly retouched Blu Tahiti (read: French racing blue) paint and an immaculate deep tan leather interior, the Periscopica was the subject of feverish bidding before selling for $1.2 million to a buyer present at the auction, beating out a dozen or so telephone bidders.
The record price for a Countach trumps the previous record, also set by Bonhams at the Quail Lodge last August, where another '75 Periscopica sold for $836,000. The rising prices surely reflect the coming of age for the Countach, now nearly 40 years since its introduction - particularly for the generation that grew up idolizing it as the prototypical supercar. Scope it out in the artful gallery of 76 high-resolution images above and the details of the auction below.