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Lamborghini previews electric concept ahead of Monterey unveiling

Lamborghini will preview its first series-produced electric car (and the fourth member of its range) with a concept scheduled to break cover on August 18. It's keeping details about the model under wraps, but it published a dark teaser image that hints at what's in the pipeline. Posted on the Italian brand's social media channels, the picture shows what looks like the top of either a low-slung sedan or a big coupe. We're not 100% sure what we're looking at yet, but we're nearly certain that it's not a crossover. Instead, the silhouette vaguely reminds us of the Estoque, a close-to-production design study that could have morphed into a high-performance sedan but ultimately remained a concept. Keep in mind that this is pure speculation; Lamborghini's image doesn't show shut lines so we don't know whether the concept — whose name hasn't been revealed yet — has two or four doors. Officially, company executives have described the car as "a grand tourer with a 2+2 seating layout" developed to fill the gap between super-sport cars like the Revuelto and the Urus SUV. It will offer "comfortable" rear seats. If it's a coupe, the fourth model will land in a very small segment. While two-door models with a 2+2 layout were reasonably common in the 1960s and the 1970s, even in the Lamborghini range, they've all but disappeared in recent years. Some of the more notable torchbearers left include the second-generation Maserati GranTurismo, which is also offered with an electric powertrain, and the Bentley Continental GT. As for the drivetrain, we'll need to be patient to find out how Lamborghini plans to deliver an electric model that's as engaging to drive as its gasoline-powered cars. The brand has stressed that its fourth model will arrive as a standalone car, so it won't land as an electrified version of, say, the Huracan's replacement. We're betting it will be electric-only; we're not expecting this Bull will offer several powertrain options. More details about Lamborghini's next concept will emerge in the coming days, and its unveiling will take place on August 18. However, note that what you'll see in Monterey in a couple of days isn't necessarily what you'll see in showrooms when production starts later in the 2020s. Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

Tourist in Dubai nets more than $47,000 in speeding fines in four hours

Before I went to Dubai last fall, I imagined a sea of supercars running rampant with few repercussions. I couldn't have been more wrong (at least when it comes to the repercussions bit). Speed cameras in Dubai are no joke. The drivers, though occasionally erratic, steadfastly follow speed limits. And the penalties for breaking the law in the United Arab Emirates are quite severe. Apparently, a 25-year-old British tourist was expecting more freedom when he racked up more than $47,000 in fines in a rented Lamborghini Huracan in fewer than four hours. The list of fines is impressive in its own way. All the infractions occurred between 2:31 a.m. and 6:26 a.m. on July 31, the day after he rented the car. He was caught driving between 78 and 143 mph on two stretches of road — 32 times on Sheikh Zayed Road and once on Garn Al Sabkha Road. That's nearly twice the legal limit in some areas. Several of the fines were fewer than two minutes apart. Once, he managed to rack up two fines in under a minute. Rather than waiting for a ticket in the mail, the fines were immediately sent to the registered owner, in this case Saeed Ali Rent a Car. The tourist paid just over $1,600 to rent the Lamborghini for two days. He left his passport with the rental agency as a guarantee. The tourist listed his address as a hotel. Because there's a disagreement over who pays the fees, according to The National, he's still in possession of the car, and the rental agency has his passport. The rental company doesn't want to take the car back because it knows it will be stuck with the bill to get it out of impound. The impound fees totaled more than $27,000, more than the cost of the speeding fines themselves. The rental company filed a motion for a travel ban, but it was denied. It has since contacted the British embassy, letting the embassy know that the passport is in their possession in case the tourist claims it's lost. One way or the other, someone is going to have to pay. Related Video:

BMW Z8, Lambo LM002 sell for $192,500 apiece in Detroit [w/poll]

Think a car are a bad investment? That all depends on what kind of car you're talking about. Because while most cars depreciate in value as soon as you drive them off the lot, others can do even better than hold their value. The cars that appreciate tend to be pretty high-end exotics, but they don't have to be multi-million-dollar classics to command a premium at auction. Just look at the results from RM Sotheby's Motor City sale in Detroit this past weekend. The auction house moved a solid $7.4 million worth of metal, which is pretty impressive when you consider that – unlike events at Lake Como or Pebble Beach – not one of the lots dipped into seven figures. 1930s-era American classics performed the strongest, with Duesenbergs, Packards, Auburns and the like all fetching hundreds of thousands. But what intrigued us most were the European exotics that rounded the top ten results. Amidst the Depression-era American steel were a BMW Z8 from 2001 and a 1988 Lamborghini LM002, each of which sold for an equal $192,500. Hardly the highest figures paid for European exotics this year, but considering how much they were worth just a few years ago, they've proven solid investments. BMW only made 5,703 examples of the Henrik Fisker-designed retro Z8, of which only 2,543 were brought to the United States, where they originally sold for $128,000. The most anyone had ever paid for one at auction, according to Sports Car Market, was $184,082, just this past March at Silverstone. That makes the price achieved this weekend a new record for one of the slinkiest vehicles the Bavarian automaker has ever made, representing an impressive 50-percent increase in value over the course of fourteen years. This particular example – chassis WBAEJ13481AH60437 for those keeping track – is decked out in silver over black, with less than 15,500 miles on the odometer. This Rambo Lambo was produced early in the 301-unit production run, with the sought-after carbureted engine and 32,000 miles on the clock. It didn't set any records at the same price, other examples of the LM002 having traded over the past few years for over $200k. But considering that Sant'Agata originally charged around $120-130k for the SUV when it was new, its selling price still represents about 50-percent appreciation (leaving inflation aside).