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Rare U.S.-spec 1990 Lamborghini LM002 fetches $467,000 at auction

A rare "Rambo Lambo," an American-spec 1990 LM002 that was Lamborghini's first SUV and arguably the first high-performance sport utility, has sold at auction in New York for $467,000. RM Sotheby's says the luxury ute, which has 19,153 miles on the odometer, underwent a comprehensive five-year mechanical and cosmetic restoration and was originally priced at $158,000 when it arrived in the U.S. through a Florida port of entry. The auction sale price is more than twice the cost of the new Urus, the sleek new crossover that Lamborghini unveiled earlier this week. The LM002 traces its lineage to the Cheetah, a rear-engine-mounted 4x4 that Lamborghini made with an American defense contractor for the U.S. Army, which did not reward the automaker with a contract. It was Lamborghini's first production SUV, based on the Cheetah's basic engineering, and it added luxurious wood and leather to the interior, a spacious cargo area and the 5.2-liter Countach V12 engine that took it from 0-60 in 7.7 seconds. Only 301 examples were ever made between 1986 and 1993, with just 48 of them built to the LM/American specs and delivered to the U.S. Sotheby's notes that the exotic car market of the early '90s "was in full flourish thanks to a new generation of millionaires and billionaires seeking the ever-greater 'toy' — and nothing was bigger or better than the LM002." It boasts a massive 76-gallon fuel tank, and the model that just sold was equipped with specially designed Pirelli Scorpion run-flat tires. Jay Leno took an LM002 of the same model year for a spin two years ago on an episode of "Jay Leno's Garage." The restoration effort was valued at $325,000 and covered the Countach engine, new exhaust and a full, new interior, adding an Alpine stereo head unit and integrated Bluetooth to bring things up to modern speed. It also features the rare rear cargo toolbox, tonneau cover, and correct LM/American floor mats and chrome bumpers. The owner also got correct tools, keys, books, jack, full receipts and photographic documentation of the restoration process, plus two OEM ECU computer units.Related Video:

Lamborghini gets barbecued at St. Louis gas station

Life is good when you're behind the wheel of a bright blue Lamborghini Huracan. Or at least it is up until the moment a forgetful minivan driver drives off with the fuel filler nozzle still attached. The result, at a gas station in St. Louis, was a spray of fuel, spilled directly onto the Lamborghini's engine bay, which instantly ignited and turned the supercar into a fireball. As reported by the Riverfront Times, the blue Huracan was actually one of two Lamborghinis, the other being an orange Gallardo, that had stopped to refuel. This video shows the exact moment when the minivan driver pulls away and the fuel hose separates from the pump. Careful if you're watching this at work, or have kiddies present, because some of the language is, well, also incendiary. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Then again, if you're in the middle of seeing gallons of fuel being sprayed directly onto a supercar's hot-running V10 engine, we doubt you'd wax poetic about the experience. And due credit to the Riverfront Times for its headline proclaiming "Incredible Dumbass Turns Lamborghini into Fireball at St. Louis Gas Station." It might not earn a Pulitzer, but kudos for nailing the story in one line, folks. Apparently and, somewhat amazingly, no one was reported hurt in the ensuing fire. The Lamborghini is definitely a total writeoff, but amazingly, the accompanying red Performante was just covered in ash. And according to this same Facebook post, the minivan driver was quickly found and admitted to being the culprit. Update: A previous version of this post incorrectly identified the blue Lamborghini Huracan as a Gallardo. The text has been corrected. Additional photos and video have also been embedded. Related Video: Weird Car News Lamborghini Minivan/Van supercar wreck gallardo

Celebrating Ferruccio Lamborghini's 100th birthday

A tremendous thorn in Ferrari's side was born 100 years ago today. His name was Ferruccio Lamborghini, and today his company's cars are among the wildest and most desirable on the market. While the people of Sant'Agata Bolognese are probably raising several glasses of vino to Mr. Lamborghini, Hemmings has put together a great read on the man behind the brand. Lamborghini's start in the auto industry is the stuff of legend. Unsatisfied with the cars he bought from Ferrari and infuriated after being snubbed by the company's founder, Enzo, Lamborghini added an eponymous auto manufacturer to his tractor-building efforts. The Hemmings piece chronicles this feud, but digs far deeper into the brand's early days. Did you know part of the reason Lamborghini founded his company in Sant'Agata was because of the absolutely killer deal the local government cut with the company's founder? Seriously, the government gave out interest-free loans and exemptions from corporate taxes for its first ten years. Not a bad deal. From hiring Giotto Bizzarrini to design the company's early V12 engines to the debut of the iconic Miura, there's a lot of information here about the man and the company he built, going up until the 1970s, when he sold his shares and retired at just 58 years of age. Head over to Hemmings for the full read. Related Video: