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Lamborghini has been developing an IPO strategy 'for a long time'
Mon, Nov 7 2022Porsche 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
Maurizio Reggiani talks racing, forced induction, and Lamborghini V12s
Fri, Nov 4 2022Maurizio Reggiani deserves his own chapter in Lamborghini's history. He joined the Italian company in 1995 and rose to the position of chief technical officer in 2006; he notably led the development of some of Lamborghini's greatest modern-day engines, including the 6.5-liter V12 that powers the Aventador. His time as the head of Lamborghini's research and development department ended earlier in 2022 and he now serves as vice president of motorsport. His successor, Rouven Mohr, is tasked with implementing an ambitious and far-reaching electrification strategy called Direzione Cor Tauri and outlined in 2021. As Lamborghini prepares to enter a new era, I sat down with Reggiani for a behind-the-scenes look at nearly 30 years of V12 development. [The following has been edited for clarity.] RG: Lamborghini has made other engines and other companies have made V12s. Why is the V12 so often associated with Lamborghini? MR: In a time when everybody started talking about downsizing and reducing cylinder count, we continued to say that the V12 is the flagship of the super-sports car. We were born with this: Lamborghini has made a V12 during every year of its history. We also did V8s in the time of the Jalpa, for example, but the V12 was every time the main pillar of this company. If you want to be considered the pinnacle of super-sports cars, no other engine can really speak to purists like a naturally-aspirated V12 can. In terms of power, in terms of sound, in terms of emotion, and in terms of, let me say, the coolest engine that's possible in terms of engineering definition. RG: What projects have stood out to you during your time at the head of Lamborghini's R&D department? MR: When I started my career, 40 years ago at Maserati, I worked in engine development. At Bugatti, I was responsible for powertrain, which of course includes the engine. For me, an engine is kind of like a first love, and you remain in love for all of your life. To look at an engine, to look inside, to discuss the components, to have an opinion, and to give a suggestion was my way of working every time. One of the projects that excited me the most was the Diablo GT. For the first time, we decided to put a single throttle per cylinder, and it was a level of sophistication that was more or less never used before by Lamborghini. You take experience from the past and try to apply it to [the present]. This improved a lot the performance, and it was really super exciting.
Lamborghini Urus recalled for screen defect
Tue, Nov 1 2022The Lamborghini Urus has become the latest Volkswagen family vehicle to fall victim to malfunctioning displays. A hardware defect that can render the entire unit permanently inoperable. Lamborghini says replacement head units will be shipped to customers who took delivery of vehicles with improperly-specified infotainment components. The total population of the recall is just 48 vehicles produced for model year 2022, which is good news for owners of the popular new Lamborghini SUV. The bad news? It's a hardware problem that results in the screen being permanently disabled, not a mere software issue that can be resolved by rebooting the infotainment system or restarting the car. "Under certain conditions during shutdown of the infotainment main unit, an error in one of the voltage regulators may lead to damage to various components within the control unit causing a loss of all functions including the screen display. In this case, the infotainment main unit is damaged permanently and needs to be replaced," VW's report to NHTSA said. "Upon start-up, the driver will notice that the infotainment screen in the center console is not working and not displaying an image which should prompt the driver to pay extra attention for objects behind the vehicle when reversing." Customers should receive notifications starting in December. All hardware will be replaced free of charge for the customer. Related Video This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Recalls Lamborghini Safety SUV Luxury Performance
Lamborghini Huracan STO Road Test: If death metal was a car
Thu, Oct 13 2022MALIBU, Calif. — If heavy death metal music were a car, it would be the Lamborghini Huracan STO. This is not your run-of-the-mill Lamborghini. It doesnÂ’t have all-wheel drive. The floor and doors are essentially bare carbon. It has a complex clamshell front end/hood you manually open with a plastic prong — under it, thereÂ’s barely room for a racing helmet. There are only three drive modes, a pittance for a modern supercar. A super-low, zero-forgiveness full carbon fiber front bumper/splitter is fitted that will torment your mind on every grade change. Its dry weight (the only one Lamborghini quotes) is only 2,942 pounds. That last bit — its low-for-a-Lambo weight — is the secret ingredient in what makes this STO drive like a special machine. Forget any stereotypes you may have about todayÂ’s Lamborghinis being the porky, easier-to-drive Italian supercar. The STO is pure, old-school Lambo. It looks those preconceived notions in the face and slaps them aside as quick as the 5.2-liter V10 can rev to its 8,500 rpm redline. That is, very, very quickly. The death metal begins as soon as you drop into the carbon buckets. In proper race car fashion, there are no traditional grab handles on the bare carbon door. Instead, a flexible piece of fabric is fashioned as a pull, and it works quite well. Getting out could be confusing for those new to track-focused machines like the STO, as the red strap suspiciously poking out of the door is actually a handle that you pull to activate. Adjusting the seat is all manual work — every extra electric anything would just add weight. YouÂ’ll quickly learn that thereÂ’s a reason carpeting is the floor material of choice for every car out there, as the optional $4,600 carbon fiber floor mats optioned on this STO make for a SlipÂ’N Slide-themed pedal box. It can be acclimated to (your shoe choice has never mattered more), but good old-fashioned carpeting canÂ’t be beat. Everyday functionality was the last thing on LamborghiniÂ’s mind when creating the STO, though. One quick look at the rearview mirror makes this abundantly clear. While youÂ’ll see flashes of trailing traffic in between the louvers of the STOÂ’s engine cover, this design largely limits rearward visibility to the side mirrors. And before you ask, no, it doesnÂ’t have blind-spot warning.
Lamborghini Urus S adds Performante power and new styling
Thu, Sep 29 2022The Lamborghini Urus just got a new performance variant in the Performante, but now the standard Urus is going through a mid-cycle upgrade of sorts and being renamed the Urus S. So, for the time being there won’t be any Urus models beyond the S and Performante. The Urus S is being treated to the same power upgrade and powertrain calibration as the Performante. That means itÂ’ll have the more potent 4.0-liter twin-turbo V8 that produces 657 horsepower and 627 pound-feet of torque — that is 16 ponies more than the base Urus itÂ’s replacing. The 0-62 mph time lags behind that of the PerformanteÂ’s by a couple tenths at 3.5 seconds. However, thatÂ’s 0.1 second quicker than the old Urus. The S gets a re-tuned exhaust system that Lamborghini says is “more distinct” at startup and has a “sharper note” in each drive mode. And speaking of drive modes, you get seven in the Urus, including four on-road modes and three off-road modes for any possible scenario. What the Urus S doesnÂ’t get from the Performante is that modelÂ’s fixed suspension. Instead, Lamborghini carries over its air suspension from the pre-refresh Urus that allows for a wider breadth of use cases than the singular-minded Performante. A number of minor design updates give the Urus S a fresh look. It gets a new front bumper and a new matte black-painted stainless steel front skid plate. The hood is now made of carbon fiber and has matte black-painted air vents, and a new optional carbon fiber roof brings even more sportiness to the table. Lamborghini says its new rear bumper design is meant to make the car look more “streamlined and elegant.” Plus, the updated exhaust system features a new twin-pipe exhaust exit design. Additional wheel options are available in 21-inch, 22-inch and 23-inch flavors. More customization options abound, too, as Lamborghini says itÂ’s greatly expanded its options list of colors, trims, wheels, style packages and “special details.” The same can be said for interior customization, as the Urus S offers all new colors and trims. The Urus S is set to start at ˆ195,538, but U.S. pricing wasnÂ’t provided at reveal time. Expect it to arrive soon and be sold alongside the Performante model here in America. Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.
Lamborghini Aventador Ultimae Roadster ends non-hybrid V12 production
Wed, Sep 28 2022To quote Hall & Oates: "She's gone," the "she" here being the Lamborghini Aventador. The last of the scissor-doored supercars with a naturally-aspirated V12 rolled off the line in LP 780-4 Ultimae Roadster form colored an Ad Personam light blue, headed for a quiet life in Switzerland. That also closed the chapter on the 350 coupes and 250 roadsters made in Ultimae spec. This is a belated end-of-life, the Italian concern restarting production lines after 85 Lamborghinis, 15 of them Aventador Ultimaes destined for the U.S. market, got torched on the cargo ship Felicity Ace in March of this year. The final tally for the latest V12 spreadsheet counts 11,465 cars delivered in 11 years, more than doubling the entire sales count of its predecessor, the Murcielago, and exceeding the combined sales of every one of Lamborghini's V12 models since the 3.5-liter V12 in the 350 GT in 1964. What began with the 6.5-liter 12-cylinder with 691-horsepower and 509 pound-feet of torque in 2022 ended with that engine making 760 hp and 531 lb-ft in the Ultimae. The official 0-to-62 mile per hour dash came down a tenth of a second in that time, depending on where you look, from 2.9 seconds to 2.8. Top speed rose from 217 mph to 220. Plenty fast then, plenty fast now. Between those yardposts there have been more than 10 one-offs and limited editions. The former group includes the Jota, SVJ Xago, and the SC18 Alston track car. The latter group counts the Anniversario, Veneno, Centenario, and Sian FKP 37. There were also innovations like the enclosed carbon fiber monocoque supported by "flying doctors" that traveled the world to help diagnose and repair damage that benefited owners. There was the pushrod suspension that turned a heavyweight into a flickable canyon runner, benefiting all drivers. There was the Independent Shifting Rod (ISR) single-shift transmission, which Lamborghini says was "chosen for lightweight compactness and the most emotive shift." Given its tidal shifting motion and occasionally clumsy changes under partial throttle or when trying to figure out what the driver wanted in changing conditions, we never figured out who that benefited. What comes next will be a hybrid V12 powertrain wrapped in looks that, based on spy shots, will evolve the latest design language with details like new lights, bladed B-pillars, and high-rise exhaust. Shouldn't be long to wait now.
Lamborghini announces twin-turbo V8 for LMDh racing
Thu, Sep 22 2022The car that replaces the Lamborghini Huracan is rumored to get a twin-turbocharged hybrid V8 possibly making something like 850 horsepower. The engine's origins and details remain in the shadows, but it's possible we'll get a preview of some of its components in Lamborghini's LMDh prototype racer. The Italian brand announced its entry for the Le Mans Hypercar (LMH) class of the FIA World Endurance Championship and the GTP class of the IMSA WeatherTech SportsCar Championship would be powered by a twin-turbo V8 developed in-house by the Squadra Corse motorsports division. All we know for now about the competition mill is that it will be a 90-degree V8 with an output of around 670 horsepower, midway between the 644 and 697 ponies allowed in the regulations. Partners in the enterprise include Bosch, which will develop the electric motor in the energy recovery system, Williams Advanced Engineering will supply power management software and the energy storage unit, while Xtrac will provide the seven-speed hybrid transmission. The engine will weigh at least 396 pounds, the minimum required by regulations, and enable a top speed of 210 miles per hour or thereabouts. This is the first time Squadra Corse has developed an engine for Lamborghini, and various race media have said it's not only different to the V10 used in Lamborghini's current Huracan GT3 and Super Trofeo cars, it's distinct from the twin-turbo 4.6-liter V8 going into the Porsche 963. The Huracan successor is thought to get an evolution of the 4.0-liter twin-turbo V8 in the Urus. However, it is impossible to believe Squadra Corse is expending the whopping amounts of time and money required for a race-winning engine for an internal-combustion powerplant that will only ever be used on track. The point of IMSA, the ACO, and the FIA coming together on mutual regulations for LMDh and LMH was to support road-applicable technology able to race in the premier sports car series' around the world. We should get our first look at Lamborghini's new race car by next year's Rolex 24 at Daytona at the latest. A year of testing in 2023 will lead to official competition outings in 2024, the teams running the car yet to be announced. Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.
Lamborghini Huracan replacement reportedly gets twin-turbo V8
Mon, Sep 19 2022Lamborghini is planning on electrifying its entire lineup by the end of the 2020s. One of the hybrid models in the pipeline is a supercar that will replace the popular Huracan. Its name hasn't been revealed yet, but an unverified report allegedly outlines what it will be powered by. Without citing sources, Motor Trend wrote that the Huracan's successor will downsize from a naturally-aspirated V10 to a twin-turbocharged V8. If true, that's a big deal: Lamborghini has proudly eschewed forced induction for its line of supercars, and the only turbocharged member of its lineup is the Urus SUV. The eight-cylinder will reportedly be related to the unit that powers the Urus, but the two engines won't be identical. Motor Trend learned that the turbos will be programmed to spool up between 7,000 and 10,000 rpm, which is high in the rev range. An electric motor installed between the V8 and the transmission will add a hybrid component to the drivetrain, though figures such as horsepower and torque haven't been published. An earlier report pegs the total output at 850 horsepower, but it's not official. We also don't know if the car will be a standard hybrid or if it will get a plug-in system, and whether it will use mechanical or through-the-road all-wheel-drive. Motor Trend believes that the model will be longer than the Huracan to accommodate the electrified parts of the powertrain, however, and we're curious to find out how Lamborghini will offset the hybrid system's mass. The battery pack and the motor will inevitably add weight. Lamborghini hasn't commented on the rumor, and it hasn't revealed what will power the Huracan's successor. In fact, it's not done with the Huracan: the final road-going version of the car is due out by the end of 2022 as a hot-rodded off-roader (we're not kidding!) called Sterrato. Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.
Ducati Streetfighter V4 Lamborghini is a two-wheeled Italian mashup
Fri, Sep 2 2022Ducati has revealed its new two-wheeled mashup with parent manufacturer Lamborghini. The Ducati Streetfighter V4 Lamborghini follows in the footsteps of the 1260 Diavel, this time drawing on the Huracan STO, bringing together two Italian icons with common stylistic elements for a limited run of bikes designed for those who need as many romantic ponies as possible in their garage. For the latest tie-up, Ducati says it applied its well-known “Fight Formula” to the existing Panigale V4 S (the latest Streetfighter makes 208 horsepower and 90 pound feet of torque) and then took it a step further, integrating styling elements that are "unmistakably Lamborghini." Depending on which generation of Lamborghini you grew up with, that could mean just about anything. Remember the '80s? Like, all of them? But in this case, Ducati and Lamborghini settled on a mix of modern styling and heritage inspiration. Just about every part on the bike was at least breathed on if not outright redesigned. From the wheels, which are bespoke to this model, to the fender design meant to evoke the STO's air intakes, virtually everything you see is unique. Many of the smaller bits are made from carbon fiber (including the tail, tank cover and toe caps) and the STO emblem is displayed subtly (believe it or not) on its flanks. The livery includes the #63 (as on the Diavel) in a nod to the year of Automobili Lamborghini's founding. That's also the number Ducati used to determine the number of units it would produce: divide 630 by 10 and voila. Ducati says it will also offer an even more-limited series of one-off designs for (you guessed it!) 63 lucky Lamborghini customers who will get the opportunity to match their bikes to their existing (or forthcoming) cars. Related Video This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.
Performance doesn't matter anymore, it's all about the feel
Wed, Aug 24 2022We've just had a week of supercars and high-end EVs revealed. Many of them boast outrageous performance specs. There were multiple vehicles with horsepower in the four-figure range, and not just sports cars, but SUVs with 0-60 mph times under 3.5 seconds. And it's not just a rarified set of supercar builders, comparatively small tuners are also building this stuff. Going fast is easy nowadays and getting easier. So what will distinguish the greats from the wannabes? It's all about how a car feels. This may seem obvious. "Of course it matters that a car should have good steering feel and a playful chassis!" you say. "Why are you being paid for this stuff?" But a lot of automakers have missed the memo. This past week I spent some time in a BMW M4 Competition convertible, and it's a perfect example of prioritizing performance over experience. It boggles my mind how a company can create such dead and disconnected steering; the weight never changes, there's no feel whatsoever. The chassis is inflappable, but to a fault, because it doesn't feel like anything you're doing is difficult or exciting. The car is astoundingly fast and capable, but it feels less like driving a car and more like tapping in a heading on the Enterprise-D. I also happened to drive something of comparable performance that was much more enjoyable: a Mercedes-AMG GT. It was a basic model with the Stealth Edition blackout package, and even though it had a twin-turbo V8 instead of a six-cylinder, it only made 20 more horsepower. The power wasn't the big differentiator, it was (say it with me) the feel. While not the best example, the steering builds resistance as you dial in lock, giving you a better idea of what's happening up front. Pulses and vibrations come back to you as you move over bumpy pavement in corners. The chassis isn't quite as buttoned down, either, providing a little bit of body roll that tells you you're pushing it. It's also easier to feel when the car is wanting to understeer or oversteer, and how your throttle and steering inputs are affecting it. The whole thing is much more involving, exciting and fun. 2021 Mercedes-AMG GT Stealth Edition View 8 Photos That's also to say nothing of the Merc's sounds. That V8 is maybe not the best sounding engine, but its urgent churn through the opened-up exhaust gets your heart racing. It also seems like it's vibrating the whole cabin, so you feel it as much as you hear it.