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Volkswagen Group names Paefgen head of classics program

You may remember the name Franz-Josef Paefgen. Until recently, the German engineer and executive was head of both Bentley and Bugatti. Before that he was chief executive of Audi, after working for several years at Ford. He technically "retired" earlier this year, but like the cars he helped create, an executive like Paefgen could never really retire. So it should come as little surprise that the Volkswagen Group has named Dr. Paefgen head of its Classic program.
In his new capacity, Paefgen will oversee the historic automobile activities of the entire VW Group, including those of Volkswagen, Seat, Skoda, Audi, Lamborghini, and of course Bentley and Bugatti. It strikes us as a suitable semi-retirement for the man responsible in no small part for the Bugatti Veyron and Bentley Mulsanne, to name just two, and who was decorated in 2006 by the ACO as the "Spirit of Le Mans" for his contribution to endurance racing. Read the official announcement after the break.

Lamborghini LB48H hypercar due next year: You might even say it glows

We know there's a hybrid Lamborghini Aventador successor coming sometime between 2020 and 2022. Due to deleted Instagram posts and a fissures in the rumor-verse, we expect a hypercar codenamed LB48H to preview the next electrified V12 Lamborghini. Autocar reports the next model in the Italian carmaker's series of low-volume specials will cost about $2.6 million, making it just another walk in the hypercar park as for price. The weird part is where Road & Track, referencing "a source familiar with Lamborghini's plans," says the LB48H will glow in the dark. The source didn't elaborate, so not even RT knows what that means. The Lamborghini Terzo Millennio concept from 2017 revealed a smattering of Tron-like light sculpture in its launch video. The wheels and engine bay glow, illuminated Italian flag graphics mark the front fenders, LED piping runs down the centerline. But lights don't come under the traditional definition of "glow in the dark." If the LB48H really does sport some kind of overall incandescence, well, we're about to enter a new chapter in hypercars. Other questions remain about how the LB48H will preview the future of Sant' Agata. The company's head of R&D has bemoaned the weight of batteries, admitting that the best-case scenario for the coming series-production hybrid V12 flagship means an additional 330 to 440 pounds. It's thought that the hypercar will use supercapacitors instead of batteries, providing a lightweight solution that would also showcase future technical potential. The all-electric Terzo Millennio employed nascent supercapacitor tech Lamborghini has been developing with MIT. That solution's upside is lighter size and weight compared to batteries, longer service life, a supercapacitor's fast charge and discharge ability, and the fact that it can discharge and recover energy at the same time. The downside is that supercapacitors have low energy density compared to lithium-ion batteries, so it's possible the LB48H could use a battery and a supercapacitor to work a 49-horsepower motor aiding an 789-hp V12. The production V12 is expected to get a more mundane solution. Lamborghini's looking ahead to cities mandating a minimum all-electric range up to 31 miles. One idea in play is a split hybrid layout, with an electric motor in charge of the front axle. That eliminates a prop shaft, and sharpens front axle response and torque vectoring.

Texas man gets prison for buying Lamborghini with Covid funds

A Texas man who spent coronavirus relief funds to feel a little less bored during lockdown is staring down a nine-year prison term after pleading guilty to wire fraud and money laundering. Lee Price III finagled more than $1.6 million in low-interest relief loans, the Associated Press reports, which he spent to pay off a mortgage and buy a couple of cars: an $85,000 Ford F-350 and and Lamborghini Urus.  According to the Houston Chronicle, Price's scheme involved funneling a little under $1 million through each of two of his businesses (Price Enterprises Holdings and 713 Construction), both of which Price claimed had large payrolls that needed to be covered using emergency funds from the Paycheck Protection Program (PPP). While these were ostensibly loans, they were structured to be forgiven if the funds were distributed within 10 calendar days and the borrower applied for forgiveness within 10 months of taking the loan. Provided those criteria were met, it was essentially free money to cover payroll. Price's employees, however, did not exist.   You'll be forgiven for thinking you've heard this story before. Coronavirus really seemed to bring out the Lamborghini fans. A California man was accused of adding one to his garage (along with a Ferrari and Bentley) and plead not guilty earlier this year to charges that he scammed more than $5 million from the PPP. Last year, a Florida man's scheme to defraud the same program was undone by a hit-and-run accident in the blue Lamborghini Huracan Evo he bought with the proceeds.