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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:

2013 Lamborghini Aventador LP 700-4 Roadster

What Dreams May Come
The Lamborghini Aventador LP 700-4 Roadster left me stupefied. Despite my experience with countless other high-powered exotics on a variety of racing circuits, including nearly all of its Gallardo siblings, the all-wheel-drive, 700-horsepower flagship dropped my jaw to the ground.
Less than 24 hours earlier, I had been sitting on an airplane at 39,000 feet studying press releases about the Italian automaker's newest range-topping convertible. While everything looked spectacular on paper, I was genuinely concerned that its new cylinder deactivation system and open-roof configuration would spoil some of the fun - soften its personality, to be more specific.

Lamborghini reveals more details about the Aventador's hybrid successor

Lamborghini has released additional details about the Aventador's long-awaited successor. Called LB744 internally, the model will stand out as the company's first series-produced hybrid car, and the latest teaser gives us a better idea how the system is set up to behave. Quick recap: Power comes from a gasoline-electric hybrid drivetrain rated at about 1,001 horsepower and made up of a new, 6.5-liter V12, an eight-speed automatic transmission, and three electric motors. This configuration allowed Lamborghini to dial in a 44% front and 56% rear weight distribution; engineers also fitted stiffer anti-roll bars and reduced the steering ratio by 10% compared to the Aventador Ultimae.  Enthusiasts will have four driving modes called Citta, Strada, Sport, and Corsa, respectively, to choose from. They'll also be able to select one of three powertrain modes named Recharge, Hybrid, and Performance. As its name implies, Recharge relies on the V12 to charge the lithium-ion battery pack in a couple of minutes, for example. The LB744 is also capable of driving on electricity alone for short distances. Selecting Strada ("road" in Italian) caps the drivetrain's output at about 873 horsepower. Sport mode unlocks 894 horsepower and brings with it profile-specific settings for the transmission, the suspension system, and the active aerodynamic parts. Finally, selecting Corsa ("race" in Italian) unleashes the drivetrain's full potential and configures the drivetrain's electrified components for maximum performance. Drivers will also have the option of disabling the electronic stability control system, and the LB744 will come with a launch control function. Going hybrid allowed Lamborghini to add electric torque vectoring to the front axle. We're told that slowing down the front wheel that's on the inside part of a corner makes the LB744 more agile while improving stability during high-speed driving. This technology works hand-in-hand with the four-wheel steering and brake-energy recuperation systems; it sounds like there's a lot of electronic wizardry happening here. Details such as the car's weight haven't been released yet. All we know at this stage is that Lamborghini designed the LB744 around a new carbon fiber monofuselage that includes a carbon fiber front structure (in contrast, the Aventador used an aluminum front structure).