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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 Tecnomar 63 yacht: Raging boat

A year after being announced, the Tecnomar for Lamborghini 63 express cruiser is in the water with its first owner. The co-creation of Lamborghini Centro Stile and Italian boat maker Tecnomar, the water-borne speedster makes the most obvious nod toward the limited-edition Sian FKP 37 introduced in 2019, but gathers cues to the automaker's entire history. The Verde Gea paint matches the Sian's launch color. The helm seats come from the Huracan Evo and are fitted with Sparco seatbelts. The steering wheel, minus airbag and paddle shifters, migrated from an Aventador, the gauge cluster behind sparkling with graphics recognizable from current Lamborghinis. The throttle levers mimic the shift selector in the Urus, the same fighter-plane-style cover hovering over the engine start button. The windows, meanwhile, channel the hexagonal shapes that have ornamented vehicles from Sant'Agata Bolognese since 1963.   Oh, the irony that the heaviest and most powerful Lamborghini ever created fits into the ultra-lightweight class, a segment never graced by one of the automaker's cars. A weight-shaving carbon fiber superstructure slides into a glass-reinforced plastic (GRP) hull to keep weight down to about 53,000 pounds. Two MAN V12 diesel engines — MAN is another Volkswagen Group brand — work together to blow 4,000-hp bubbles into the water. They get the Tecnomar to a top speed of 60 knots (69 miles per hour). Burning about 100 gallons per hour at cruising speeds between 40 and 45 knots (46 and 52 mph), there's enough fuel to run for about 360 miles. That's long distance moving.   This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Occupant spaces include the galley and dinette behind the helm, and sunpads on the fore and aft decks, that latter one with a pop-out television. Accommodations below deck are dressed in leather, Alcantara, and carbon fiber, with Y-shaped motifs most familiar in Lamborghini lighting signatures. There's a master suite forward, its bed overlooked by a sunlight shaped like a Lamborghini badge, and a guest cabin with two twin berths.  There will be just 63 Tenomar for Lamborghini 63 cruisers built, and we know one of them has already been spoken for by UFC fighter Connor McGregor. Reps at Lamborghini and Tecnomar wouldn't say how many of the roughly $3.5 million craft have been sold, but they did admit that production through the end of 2022 is sold out.

VW Group plan puts Porsche in charge of a 'super-premium' division

An Automobile report looks into what's happening on the organizational and technical sides of the Volkswagen Group, and what those changes could mean for the premium brands. The wide-angle view is that Porsche appears to have been anointed to "coordinate the future activities" at Audi, Bentley, Bugatti and Lamborghini. Audi would cede Lamborghini guardianship to Stuttgart, and Ducati — via a new concern called Ducati Enterprises — would become the shepherd for VW's other Italian investments. Executives target Jan. 1, 2019, to complete the reshuffle. VW wants to save a boodle by tying up four of its five top-tier brands, and putting the one with the highest ROI in charge. Porsche, within its own house, wants to reduce expenditures by $2.3 billion per year over for four years, the savings already earmarked for improving internal processes like R&D and production. Having Porsche share those gains as well as lead development of platforms, components and future-tech strategies for the sister sports car brands could benefit everyone. In the near-term, the brands have their own plans: Bugatti CEO Stephan Winkelmann is said to want a Chiron Superleggera, a roofless and "completely reskinned" Chiron Aperta, and a track-only Chiron SS. The Superleggera could take the Chiron Sport's and Divo's Jenny Craig routines even further. The Aperta seems a natural successor to the Veyron Grand Sport, a natural evolution of the recently introduced Sky View roof, and a reskin might include numerous Divo cues. It's also said Bugatti's considering "an all-electric high-end model" in conjunction with Porsche, Rimac, and Dallara, but name one supercar or hypercar manufacturer that isn't considering a lightning-fast EV. Lamborghini, deep into work on follow-ups for the Huracan and Aventador, might get a bit of a bump with the new plan. The carbon "monofuselage" for the next V12 flagship is said to be too far developed and too complex to scrap. It puts two electric motors on the front axle, batteries in the middle, and a naturally aspirated V12 with around 770 horsepower plus another e-motor with 402 horsepower in back. The Huracan is said to get a version of the same carbon architecture at the moment, but the corporate reorganization might press pause on it. Automobile says options include continuing the Huracan/ Audi R8 twinning, but that depends on Audi saying "Ja" to a third-gen R8 with Lamborghini bones.