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Tourist in Dubai nets more than $47,000 in speeding fines in four hours

Before I went to Dubai last fall, I imagined a sea of supercars running rampant with few repercussions. I couldn't have been more wrong (at least when it comes to the repercussions bit). Speed cameras in Dubai are no joke. The drivers, though occasionally erratic, steadfastly follow speed limits. And the penalties for breaking the law in the United Arab Emirates are quite severe. Apparently, a 25-year-old British tourist was expecting more freedom when he racked up more than $47,000 in fines in a rented Lamborghini Huracan in fewer than four hours. The list of fines is impressive in its own way. All the infractions occurred between 2:31 a.m. and 6:26 a.m. on July 31, the day after he rented the car. He was caught driving between 78 and 143 mph on two stretches of road — 32 times on Sheikh Zayed Road and once on Garn Al Sabkha Road. That's nearly twice the legal limit in some areas. Several of the fines were fewer than two minutes apart. Once, he managed to rack up two fines in under a minute. Rather than waiting for a ticket in the mail, the fines were immediately sent to the registered owner, in this case Saeed Ali Rent a Car. The tourist paid just over $1,600 to rent the Lamborghini for two days. He left his passport with the rental agency as a guarantee. The tourist listed his address as a hotel. Because there's a disagreement over who pays the fees, according to The National, he's still in possession of the car, and the rental agency has his passport. The rental company doesn't want to take the car back because it knows it will be stuck with the bill to get it out of impound. The impound fees totaled more than $27,000, more than the cost of the speeding fines themselves. The rental company filed a motion for a travel ban, but it was denied. It has since contacted the British embassy, letting the embassy know that the passport is in their possession in case the tourist claims it's lost. One way or the other, someone is going to have to pay. Related Video:

Lamborghini has built more Huracans in 5 years than it did Gallardos in 10

Production numbers can be pointless without some sort of context that validates the information. For instance, 14,022 cars built in five years sounds like nothing, but when it's added that those 14,022 units are Lamborghini Huracans, it's more impressive. That specific number is significant because it matches the number of Lamborghini Gallardos produced during its 10-year run, even though the Huracan has only existed for 5 years. Lamborghini has been doing extremely well as of late. Year-over-year sales rose for the eighth consecutive year in 2018, and the Urus SUV is bringing in gobs of new customers. Reportedly, the company might even cap its production for 2020 at 8,000 units in order to maintain a certain level of exclusivity. At the core of the company's identity is the V10-powered Huracan. In the first half of 2019, the Huracan accounted for roughly 26 percent of the 4,553 cars sold, a number that represents a 96-percent increase compared to the same time period in 2018. Since it first debuted as a coupe for 2014, the Huracan line has expanded quite a bit with numerous different styles and performance levels. There's the rear-wheel drive model, the Performante, the EVO, and Spyder variants. The 14,022nd car built is a Huracan EVO coupe wearing a Grigio Titans paint scheme, and it's headed to a customer in Korea. There's no reason to believe Lamborghini demand will slow. The Urus has quickly become a cash-cow in a crossover-hungry market, and the possibility of an electric 2+2 as a fourth model could boost the brand even more.

If VW defaults on loans it may sell Bentley or Lamborghini

If something goes catastrophically wrong with Volkswagen Group's recent $21 billion loan, brands like Bentley or Lamborghini could hit the auction block. According to two insiders to Reuters, the beleaguered German automaker agrees with its creditors to sell assets if the company somehow can't pay back the debt in a year. One of these anonymous people claimed the company hasn't yet deliberated over what to sell. However, the sources were willing to speculate that the power engineering portion of Man could be among the first to go. "Volkswagen may also consider divesting luxury car brands Bentley and Lamborghini or motor bike brand Ducati, although these units don't really move the needle," an insider said to Reuters. VW Group negotiated with the banks earlier this week to get the massive loan. The cash is necessary as a buffer in case the automaker doesn't have enough money on hand to repair vehicles or settle upcoming fines. VW would reportedly issue bonds in the spring to begin paying the debt. The company's bills will start racking up quickly in the new year. German authorities mandate a recall there in early 2016, and repair campaigns in the US for the 2.0- and 3.0-liter diesel engines are inevitable. There are also hundreds of class-action lawsuits to settle. The company needs to resolve its CO2 emissions scandal in Europe, too. In response to these financial threats, VW management created a cost-cutting plan to slash the research and development budget by $1.1 billion next year.