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Audi reportedly shoots down $9.2 billion investor bid for Lamborghini

Volkswagen is open to divesting some of the brands in its portfolio, but it hasn't put a "for sale" sign on in front of Lamborghini's lawn yet. The firm allegedly shot down a big offer for the brand from a group of investors. Quantum Group SA, a newly-established holding company based in Zurich, Switzerland, made the non-binding offer in May 2021, according to anonymous sources who spoke to WardsAuto. The publication adds the group is ready to spend 7.5 billion euros (around $9.2 billion at the current conversion rate) to buy the entire Lamborghini division from Audi. The sale would include the brand, its intellectual property (like its trademarks and patents), its historic factory in Sant'Agata Bolognese, and its racing division. Full details about the proposed acquisition were closely examined by top Volkswagen executives, including company CEO Herbert Diess and Audi boss Markus Duesmann. While the offer sounds like it's neatly packaged, Volkswagen replied that it's not having a garage sale. "Lamborghini is not for sale. This is not the subject of any discussion within the group," a company spokesperson told industry trade journal Automotive News. These comments are in line with the ones made in December 2020. Quantum's aim wasn't to sever all ties with Volkswagen. It planned to turn Lamborghini into "a spearhead for innovation by consistently implementing new clean drivetrain technologies" across the range, a strategy that's already in the pipeline; Lamborghini announced it will electrify in the 2020s and launch its first series-produced EV. Investors also hoped to sign a five-year supply agreement with Audi, and to create what they called an Advanced Automotive Innovation Center headquartered somewhere in Lower Saxony, the German state Wolfsburg is in. In late 2020, when rumors about an imminent Lamborghini spin-off were rampant, Volkswagen stressed it had no plans to sell the Italian supercar manufacturer or to find a new home for Ducati, which Lamborghini owns. Unverified reports claim a chunk of the company could be listed on the stock market in a bid to raise revenue, however. Bugatti is another part of the Volkswagen empire that Diess and his team allegedly wanted to trade in to fund the group's pivot towards electric powertrains. In September 2020, reports claimed top executives had approved swapping the storied French carmaker and its assets for a significant stake in Croatia-based Rimac that would be transferred directly to Porsche.

Lamborghini restores two 50-year-old classics to mark their anniversary

Front-engined Lamborghinis are a thing again, thanks to the Urus SUV. For decades, the company built nothing but mid-engined vehicles, perhaps for a good reason. But 50 years ago, Lamborghini introduced two cruisers with front-mounted V12s, and to commemorate the anniversary, the company's historical Polo Storico division has now restored examples of both. Before the era of Diablos, Murcielagos and Gallardos, the Espada was the strongest seller in the Lamborghini stable. Between 1968 and 1978, Lamborghini built 1,226 Espadas, all of them with a 4-liter V12, and some of them with an automatic transmission — a Lamborghini first. Depending on the version, the Espada's power output ranged from 325 hp to 350, and it could exceed 150 mph while seating four. Taking its cues from earlier concept cars, the Espada's Gandini design can be remembered from the near-horizontal rear deck, and the 47-inch tall cars are very low for four-seaters. What about the Islero? For Lamborghini, it was a more conventional approach to a GT, as it was a further development of the earlier 400GT — itself a continuation of Lamborghini's first production car, the 350GT. A handy way to tell the cars apart is that the Islero has hidden headlights, unlike the two earlier models. Compared to the Espada, the Islero's production run was markedly shorter: It was built for only two model years, with a total of 225 cars. The engine was the same V12 as in the Espada, but while the Islero S also had 350 hp, it was notably faster, and able to reach 161 mph. Lamborghini's Espada/Islero celebrations include a special tour of the Umbria region in early September. There's a 400-mile tour of central Italy Sept. 7-11 for Lamborghini enthusiasts, arranged by Lamborghini Polo Storico. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Featured Gallery Lamborghini Espada/Islero 50th Anniversary Lamborghini Classics lamborghini espada

The Mansory Venatus is a widebody Lamborghini Urus that could scar your retinas

Nothing says, "I am a person of exquisite taste with an appreciation for subtlety" quite like the purchase of a Lamborghini Urus, but there are some in the world for whom that is not enough, people who need just a little bit more if they're to be properly satisfied.  From the extensive use of carbon fiber in crafting new exterior parts, to the hours spent painstakingly poring over every detail of the interior to make sure it was as blue as possible, it's clear the Mansory Venatus is nothing if not more. It's also not new, strictly speaking. With the 2020 Geneva Motor Show deteriorating into a sort of chaos, we've been perhaps a bit over-vigilant in looking for anything that may have fallen through the cracks in coverage. While researching Mansory's new Bentley Continental GT offering, we spotted this gem and quickly realized that it slipped under our scopes last year. Either that, or the sight of it alone inflicted so much trauma that we've blocked it out; it could easily have gone either way.  The Venatus is essentially a collection of wide body panels and other exterior parts from Mansory's growing Urus catalog. Everything from the individual pieces of the fender flares to the front of rear bumpers can be ordered individually, or as part of Mansory's three available Urus packages: Soft Kit, Wide Body and this one.  This is far from the first time Mansory has thrown carbon fiber at a Lamborghini. We're frankly surprised that it isn't even more extreme, either visually or in terms of performance, as the German tuner has gone down both roads before.  Related Video: