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Lamborghini confirms Le Mans Daytona hybrid entry for 2024

Last August, Racer magazine reported that Lamborghini had green-lit a project to put a car in global endurance racing's Le Mans Daytona hybrid (LMDh) class, but wasn't ready to announce it yet. The brand's head of motorsport for the U.S. said at the time that work on a factory endurance program was "90 percent of the way there." Now, the last 10 percent has been completed, and the Sant' Agata Bolognese carmaker announced its LMDh car will start racing in 2024. The class, developed by the U.S. IMSA organization in collaboration with France's ACO, begins competing next year. Here's the refresher on the top to endurance racing categories, LMDh and Le Mans Hypercar (LMH), both of which are allowed to run in the FIA World Endurance Championship and the IMSA WeatherTech SportsCar Championship. LMDh cars use a spec chassis provided by one of four suppliers, Dallara, Ligier, Multimatic or Oreca. LMDh teams can use any engine and electronics they want, but they will all fit a spec hybrid unit supplied by Bosch, a spec lithium-ion battery from Williams Engineering, and a spec gearbox from Xtrac. Max horsepower is limited to about 680. VW sister brand Porsche opted for a Multimatic chassis powered by a turbocharged V8. Sportscar365 believes Lamborghini will buy a Ligier chassis. Since the R8 and its V10 are headed for the dustbin, Lamborghini could use a V8 as well. Every team creates its own bodywork, the limit being a 4:1 ratio of drag to downforce and a single aero package for the year to keep costs down. As the teaser shows, Lamborghinis on the track will be known by their Y-shaped DRL signatures, too.  Audi had been planning an LMDh entry, but dropped out when it confirmed its eventual entry into Formula 1. So for the moment, Lamborghini will join other LMDh manufacturers Acura, Alpine — which will switch from its current LMH car to LMDh in 2024, BMW, Cadillac, and Porsche. That latter brand is also going into F1, but hasn't axed any other programs. The LMH class is based on roadgoing hypercars, a manufacturer required to sell 20 of the retail hypercars over a two-year period to qualify. Although output's capped to around 680 hp as with LMDh, manufacturers can develop their own engines, gearboxes and hybrid systems. Discrete bodywork is allowed, held to the same drag-to-downforce ratio limit. The current LMH entries are Alpine, our own Scuderia Cameron Glickenhaus, and Toyota.

Watch 14 hot rides take over concept car lawn at Pebble Beach

The Pebble Beach Concours d'Elegance is an annual celebration of the beautiful, old cars that grace Monterey Car Week. But Monterey – and Pebble – features lots of newer metal, too, and that includes the concept lawn at Pebble Beach. Now, "concept lawn" isn't a totally accurate name anymore, and you'll see why in the list below. This year especially, plenty of production cars can be found in the area once reserved for the conceptual. Still, we're happy to see them. Here's what's featured this year: Alfa Romeo 4C Spider Audi R8 BAC Mono Bentley EXP 10 Speed 6 BMW 3.0 CSL Hommage R Buick Avenir Galpin-Fisker Rocket Speedster Hyundai HCD-16 Vision G Coupe Icona Volcano Infiniti Q60 Lamborghini Asterion LPI 910-4 Maserati Ghibli McLaren 570S Rolls-Royce Wraith By our count, that's seven concepts out of fourteen cars. But it still makes for one hot group of metal. Check 'em out in the gallery above. Related Video: Related Gallery 2015 Pebble Beach Concept Car Lawn View 38 Photos Image Credit: Copyright 2015 Drew Phillips / AOL Design/Style Alfa Romeo Audi Bentley Buick Infiniti Lamborghini Lincoln McLaren Porsche Concept Cars Videos Original Video Pebble Beach

Lamborghini has been developing an IPO strategy 'for a long time'

Porsche AG isn’t the only Volkswagen AG brand that has been quietly preparing for a potential initial public offering. Italian luxury-car maker Lamborghini has been developing a strategy how to present itself to stock-market investors since well before Volkswagen asked each of its brands to come up with virtual equity stories, according to the unitÂ’s Chief Executive Officer Stephan Winkelmann. “WeÂ’ve been working on this with other agencies in order to create clarity,” Winkelmann said. “As a brand, weÂ’ve done so for a long time, to show what worth, what value we have. Up until a little while ago, it wasnÂ’t so well known.” Porsche became EuropeÂ’s most valuable automaker last month, when its market capitalization overtook that of VW a week after its IPO in Frankfurt. The debut of the 911 maker was a bold move into public markets, which have been largely shut for most of the year. VW CEO Oliver Blume has said he sees the listing as a blueprint to unlock more value from the groupÂ’s brands that also include Audi and Bentley. “An IPO drill is exactly what you do to show the public how solid you are and what is in progress for the future,” Winkelmann said. “We have a clear story and strategy for that.” Audi, which oversees VWÂ’s premium brands, said last month there are no concrete plans for an IPO of Lamborghini. A previous push to potentially spin off the carmaker and motorcycle brand Ducati ran into opposition from labor leaders. Still, LamborghiniÂ’s recent profit gains -- including a 31.9% operating margin in the first half of this year -- make a solid case for a stock-market listing, said Michael Dean, an analyst at Bloomberg Intelligence. “An IPO is something that could potentially happen in the next 18 months, depending on market conditions,” Dean said. “A ˆ15 billion valuation is entirely justifiable and could be even higher, given the margin metrics.” LamborghiniÂ’s deliveries rose 8% to 7,430 vehicles in the first nine months of the year. Operating profit climbed 69% to ˆ570 million ($567 million). Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Lamborghini teases Huracan Sterrato tackling terrain