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VW pulls Lamborghini and Bentley from the Paris Motor Show

It's been slightly more than a year since the news that Volkswagen had intentionally cheated on diesel emissions testing broke. Since then, the company's reputation and image have suffered and it has struggled to regain its footing and composure. The automaker is shelling out billions in fines, so cost cutting is inevitable. Today, Reuters reports that Volkswagen subsidiaries Lamborghini and Bentley won't bring their elaborate displays to the Paris Motor Show next week. Auto shows can cost automakers millions of dollars, especially for supercar and luxury car brands that constantly try to compete and one-up with each other. Much of the money and fanfare goes to catering the media, and if an automaker has nothing new to reveal it can be difficult to justify the expense. The company told Reuters that it plans to attend smaller events that focus more on potential buyers. The Volkswagen group as a whole has shifted it's focus, both when it comes to products and auto shows like Paris. Next week, the automaker will be focusing on electric vehicles and electromobility. The company plans to reveal a new EV with 373 miles of range, eclipsing both the Tesla Model 3 and Chevy Bolt. Volkswagen has plans for 30 new electric vehicles by 2025. Lamborghini and Bentley aren't the only major automakers skipping Paris. Ford, Volvo, and Aston Martin have all decided to save money and focus their efforts elsewhere. Related Video:

Another Lamborghini Veneno for sale, this time for only $8m

There are some cars you expect to see coming up for sale often in the used car listings. Civics, RAV4s, F-150s... you know, the kind of car that they build by the thousand, build to sell, and build to last. More attention-grabbing for us, though, is when we see multiples of a rarer model coming up time and again in the same place. Like the Lamborghini Veneno, for example. The factory in Sant'Agata only made three of these coupes for public consumption, and each of them sold for about $4 million. So we were surprised when we saw one pop up on Mobile.de with a whopping $11 million price tag. But we were even more surprised to see another one for sale on the same site, just weeks later. Pictured with red details (instead of white like the last one), this example is listed as the first of the three made, with only 100 kilometers (62 miles) on the odometer. Its owner is asking ˆ7.1 million – equivalent to nearly $8 million at current exchange rates. That's about twice what Lamborghini charged in the first place, four times what it charged more recently for the new Centenario, and twenty times the price of the Aventador on which they're all based. But it's still a heck of a lot less than the $11 million asked for the last one. Of course, the seller can ask for however much he or she wants, but actually getting that price is quite another matter. Part of us gets the feeling that if someone were really that interested, the listings wouldn't still be up for weeks now. The other part is surprised some squillionaire somewhere in the world hasn't ponied up an even $20 million to take both home already. Related Video:

Lamborghini will introduce a mysterious new model tomorrow

As the global automotive industry gradually emerges from months of COVID-19-related lockdowns, carmakers are beginning to unveil the models they should have shown us at the auto shows that were canceled during the first half of 2020. Lamborghini published a close-up of a mysterious new model on its official Twitter page, and it announced plans to unveil the car on its various social media channels on July 8 — that is, tomorrow.  "The future is here, and it is unlike anything the world may have seen before," the company wrote. While that's not a lot to start with, the winglet shown in the preview image looks suspiciously like the ones fitted to the limited-edition Sian FKP 37 introduced at the 2019 Frankfurt auto show. It stood out as Lamborghini's first production-bound hybrid model, and the V12-electric system's 819-horsepower output made it the firm's most powerful car. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Lamborghini can take the Sian in a number of directions. It could make the coupe lighter and more track-focused, for example. Alternatively, unverified rumors claim a convertible model is around the corner. Or, considering stylists put a huge emphasis on customization, it could merely show us the first customer-bound example. Although it's less than a year old, the Sian has already spawned several surprising derivatives, including a 3,696-piece Lego Technic kit that's over 23 inches long, and a 53,000-pound twin-engined yacht with 4,000 horsepower. Intrigued? So are we. Lamborghini will stream the event live on its official website and on its social media channels starting on July 8, 2020, at 6 p.m. in Bologna, which is 12 p.m. in New York City and 9 a.m. in Los Angeles. Regardless of what we'll discover, there is a high chance it will be sold out by the time it's unveiled.  Green Lamborghini Convertible Coupe Future Vehicles Hybrid