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Lamborghini's first EV will be a sports car with usable rear seats

Lamborghini's first series-produced electric car will make its debut by the end of the 2020s. We know the EV will arrive as a fourth model line, not as a battery-powered version of an existing car, and the brand revealed some of the areas it's focusing on during the design phase. Company boss Stephan Winkelmann recently confirmed the yet-unnamed EV will arrive as a grand tourer with a 2+2 seating layout, so it will bring Lamborghini back to a segment it left many decades ago. Federico Foschini, the firm's chief marketing and sales officer, revealed that the rear seats won't be merely for show: He told Motor Authority that they'll be "comfortable." Reading between the lines suggests that the EV will fill the gap between Lamborghini's two-seater super-sports cars, such as the new Revuelto flagship, and the family-friendly Urus SUV. Foschini added that two adults will be able to travel in the EV's back seats. This is fairly rare in 2023: most of the 2+2s currently on sale, including the Porsche 911, have rear seats that are best left to small kids. One of the few exceptions is the new, second-generation Maserati GranTurismo, which is surprisingly spacious for its segment. The Bentley Continental GT is also big enough to accommodate four adults. It's too early to provide technical specifications because the EV isn't scheduled to land in showrooms until 2028 at the earliest. Regardless of what the model is powered by, Foschini noted that the development team is shooting for over 300 miles of range. "This is what you need, because it's a full electric vehicle. You have no alternative range," he told Motor Authority. Note that "over 300 miles" is the best-case scenario; the executive clarified that the total number will depend on the driving mode selected, which is also true for combustion engines. More details about Lamborghini's upcoming electric model will emerge in the coming months. In the meantime, the Italian brand is preparing to electrify its entire range by 2024. The first step on this path is the aforementioned Revuelto, which uses a gasoline-electric hybrid system built around a new, 6.5-liter V12 engine. Next is the successor to the Huracan, which will reportedly use plug-in hybrid technology as well.

Lamborghini has been developing an IPO strategy 'for a long time'

Porsche AG isn’t the only Volkswagen AG brand that has been quietly preparing for a potential initial public offering. Italian luxury-car maker Lamborghini has been developing a strategy how to present itself to stock-market investors since well before Volkswagen asked each of its brands to come up with virtual equity stories, according to the unitÂ’s Chief Executive Officer Stephan Winkelmann. “WeÂ’ve been working on this with other agencies in order to create clarity,” Winkelmann said. “As a brand, weÂ’ve done so for a long time, to show what worth, what value we have. Up until a little while ago, it wasnÂ’t so well known.” Porsche became EuropeÂ’s most valuable automaker last month, when its market capitalization overtook that of VW a week after its IPO in Frankfurt. The debut of the 911 maker was a bold move into public markets, which have been largely shut for most of the year. VW CEO Oliver Blume has said he sees the listing as a blueprint to unlock more value from the groupÂ’s brands that also include Audi and Bentley. “An IPO drill is exactly what you do to show the public how solid you are and what is in progress for the future,” Winkelmann said. “We have a clear story and strategy for that.” Audi, which oversees VWÂ’s premium brands, said last month there are no concrete plans for an IPO of Lamborghini. A previous push to potentially spin off the carmaker and motorcycle brand Ducati ran into opposition from labor leaders. Still, LamborghiniÂ’s recent profit gains -- including a 31.9% operating margin in the first half of this year -- make a solid case for a stock-market listing, said Michael Dean, an analyst at Bloomberg Intelligence. “An IPO is something that could potentially happen in the next 18 months, depending on market conditions,” Dean said. “A ˆ15 billion valuation is entirely justifiable and could be even higher, given the margin metrics.” LamborghiniÂ’s deliveries rose 8% to 7,430 vehicles in the first nine months of the year. Operating profit climbed 69% to ˆ570 million ($567 million). Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Lamborghini teases Huracan Sterrato tackling terrain

Massive barn find auction with classic Lamborghinis, Porsches, Jaguars happening in France

If it's the right make and model, a single classic car found in a barn can make headlines. This discovery was much bigger. Eighty cars bigger, and now they're going up for auction in France. Brought to our attention by Road & Track, this diverse collection of 81 classic cars from the 1950s, '60s, '70s, and '80s was originally found months ago. The cars were strewn about in the weeds, as seen in the weirdly calming and nicely filmed video seen below. It's not as shockingly impressive as the French barn find from a few years back, but the variety in the lot of rare vehicles is remarkable, nonetheless. Some of the most notable cars included in the auction are a highly coveted Lamborghini Miura P400, a Porsche 356 coupe, a Series 1 Jaguar E-Type coupe, and a Citroen 2CV. Other interesting vehicles include a Chrysler Imperial C14, an Autobianchi Bianchina 110FB, a C3 Corvette T-Top, a Ford Anglia, a Rolland Pilain B22, and a Stutz Speedway Six. The collection is nearly a dictionary of different auto makes: Renault, Alfa Romeo, Cadillac, Lancia, Simca, a Delage, Panhard, Lincoln, Packard, Oldmobile, a Hotchkiss, Graham Paige, Vauxhall, Opel, Peugeot, Trabant, Volkswagen, Audi, Buick, Fiat, Talbot, Mercedes-Benz, and a random Ferrari GTO body kit. There are also some random pieces and parts of cars, including some loose engines. Some of the cars can be secretly bid on right now, but the main auction will occur Sunday, January 20. Full pictures and details can be found here. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. News Source: intrencheres, Road and Track Chrysler Jaguar Lamborghini Porsche Auctions Automotive History Classics barn find