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Ferdinand Piech (1937-2019): The man who made VW global

Towering among his peers, a giant of the auto industry died Sunday night in Rosenheim/Upper Bavaria, Germany. Ferdinand Piech, a grandson of Ferdinand Porsche, who conceived the original Volkswagen in the 1930s, was the most polarizing automotive executive of our times. And one who brought automotive technology further than anyone else. Ferdinand Porsche had a son, Ferdinand (called "Ferry"), and a daughter, Louise, who married the Viennese lawyer Anton Piech. They gave birth to Ferdinand Piech, and his proximity to two Alfa Romeo sports cars — Porsche had done some work for the Italians — and the "Berlin-Rome-Berlin" race car, developed by Porsche himself, gave birth to Piech's interest in cars. After his teachers in Salzburg told his mother he was "too stupid" to attend school there, Piech, who was open about his dyslexia, was sent to a boarding school in Switzerland. He subsequently moved on to Porsche, where he fixed issues with the 904 race car and did major work on the 911. But his greatest project was the Le Mans-winning 917 race car, developed at breathtaking financial cost. It annihilated the competition, but the family had had enough: Amid growing tension among the four cousins working at Porsche and Piech's uncle Ferry, the family decided to pull every family member, except for Ferry, out of their management positions. Piech started his own consultancy business, where he designed the famous five-cylinder diesel for Mercedes-Benz, but quickly moved on to Audi, first as an engineer and then as CEO, where he set out to transform the dull brand into a technology leader. Piech killed the Wankel engine and hammered out a number of ambitious and sophisticated technologies. Among them: The five-cylinder gasoline engine; Quattro all-wheel drive and Audi's fantastic rally successes; and turbocharging, developed with Fritz Indra, whom Piech recruited from Alpina. The Audi 100/200/5000 became the world's fastest production sedan, thanks to their superior aerodynamics. Piech also launched zinc-coated bodies for longevity — and gave diesel technology a decisive boost with the advent of the fast and ultra-efficient TDI engines. Less known: Piech also decided to put larger gas tanks into cars. Customers loved it. Piech's first-generation Audi V8 was met with derision by competitors; it was too obviously based on the 200/5000.

Florida Man accused of buying Lamborghini with coronavirus relief funds

We'll preface this by saying that when things work as they're meant to, we don't hear about them. When it comes to the Paycheck Protection Program, created as part of the CARES Act in March to provide loans to businesses to pay employees during the coronavirus lockdown, that means many jobs were saved but we also get stories of honest businesspeople unable to get loans or blackguards abusing the program. This story is the latter. David T. Hines, a 29-year-old Miami man with four businesses, applied for PPP funds in May. He received about $3.9 million in loans, and blew about $500,000 of that before the government began investigating and his bank froze his accounts. Instead of applying for loans to cover monthly expenditures of about $200,000 among his four moving-related companies, the feds say, Hines' four applications through Bank of America claimed combined monthly expenses of $4 million to pay 70 employees. BofA approved three of the four submissions. After the government made its first of three planned deposits of $3,984,557 into Hines' Bank of America account, Hines continued requesting more money, authorities say, ultimately seeking $13.54 million.  The spending began almost immediately after the PPP disbursement. As far as the government could tell by going through Hines' records, none of the money was spent on employees who "either did not exist or earned a fraction of what Hines claimed in his PPP applications.” Instead, officials say, Hines picked up a blue Lamborghini Huracan Evo for $318,497. He paid a person he listed as "Mom" $60,000. Saks Fifth Avenue got another $4,000. In June, $8,500 went to the Graff jewelry boutique, and $7,000 went to Miami's Setai hotel. The disbursement problem has arisen because the Small Business Administration that backs the PPP loans doesn't verify the claims in the applications, according to Assistant U.S. Attorney Michael Berger. How did Hines get caught, then? He got into a hit-and-run accident in his blue Lamborghini in July, and Miami police impounded the car. That eventually attracted investigation from no less than six governmental departments: the FDIC-OIG, USPIS, IRS-CI, the SBA-OIG, the Board of Governors of the Federal Reserve System, and the Bureau of Consumer Financial Protection-OIG. The U.S.

Next-gen Lamborghini Aventador to get batteries and active aero?

Sportscar makers at the pointy end of class flout what appear to be inevitable business decisions the same way their offerings flout what appear to be inevitable physical limitations. Questions we've asked for years include: How long until Ferrari builds an SUV? (Next year.) How long until Chevrolet reveals a mid-engined Corvette? ( Soon?) And how long until Lamborghini must perform hybridised open heart surgery on its nonpareil V12? According to Motor Authority, as part of an interview with Lamborghini R&D honcho Maurizio Reggiani at the Detroit Auto Show, the answer to that last question is likely with the next generation. Reggiani told MA that the next-gen Aventador will definitely come with a V12. After that, the man who makes the bulls said "we must decide what will be the future of the super sportscar in terms of electric contribution," the principle issue of that contribution not being performance, but weight and power delivery. The 4,085-pound Aventador makes scales weep, explaining why Reggiani is so grave about weight implications that even a dual-clutch transmission - a seeming shoo-in for the next-gen car - won't get a pass until it justifies its extra heft over the present, hoary, single-clutch gearbox. Carbon fiber already forms the Aventador's tub, so engineers in Sant' Agata can't evaporate hundreds of pounds with that conversion. Lamborghini's been working on the new car's platform a for more than a year, no doubt with batteries in mind, yet stuffing a load of Triple As into the chassis could turn a battleship into a dreadnought. That formula works for Bugatti, but won't serve Lamborghini nor its clientele. Reggiani isn't opposed to some sort of electric assistance when the next-gen car bows in 2020 or 2021, and at the Frankfurt Motor Show last year said he sees plug-in hybrid tech as the next step, but we won't be surprised if the V12 song remains the naturally-aspirated same at launch. Still, the question of electrification - and turbocharging - remains one of "When?" There's so much writing on the wall that the writing is the wall: two years ago, Reggiani admitted that turbos will get bolted on "sooner or later," as did Lamborghini's commercial officer Federico Foschini last year, the Urus will dial up a hybrid powertrain soon, reports declare the next-gen Huracan will go hybrid in 2022, and Euro 6 emissions aren't getting less stringent. No matter how the coming flagship makes its power, expect more of everything.