2004 Lamborghini Gallardo Base Coupe on 2040-cars

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New Lamborghini Urus variant sets SUV record at Pikes Peak

Lamborghini has dethroned sister company Bentley and set a new record for SUVs on the track used for the Pikes Peak International Hill Climb. The next evolution of the Urus — which hasn't been unveiled yet — beat the time set by the Bentayga in 2018 by over 10 seconds. Draped in camouflage, the mysterious Urus raced up the 156-turn course in 10 minutes and 32.06 seconds. For context, the Bentayga that just got knocked off the podium's top spot set a time of 10 minutes and 49.9 seconds in June 2018. Lamborghini doesn't want to give away too many details before it unveils the record-setting Urus but it noted that the model was largely stock. The only modifications made were required to comply with safety regulations; the list includes a roll cage, race seats with six-point harnesses, and a fire extinguishing system. If you're wondering "wasn't Pikes Peak held in June?," you're absolutely right. Lamborghini clarified that the Urus was not entered in the official hill climb that celebrated its 100th edition in 2022. Its time was recorded by the event's official time-keepers, however, and the course was evidently closed to traffic for the occasion. Italian racer (and Pirelli test driver) Simone Faggioli set the record. We won't have to wait long to find out what's behind the camouflage. Lamborghini will unveil the next Urus evolution in August 2022. Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.  

1998 Lamborghini Diablo SV Roadster, a unicorn bull, heads to auction

  Lamborghini made only two Diablo SV Roadsters, and RM Sotheby's is putting this one up for sealed auction running December 13-15. It's not only a rarity, it's a throwback to a time just 23 years ago that people who were there have to make an effort to remember. A time when Lamborghinis barely sold; Chrysler put the Lamborghini Diablo on the market in 1990, Audi took it off the market in 2001, Lambocars puts the entire Diablo run over those 11 years at around 2,500 cars including prototypes and factory specials. Today's Lamborghini moved more than double that number in the first half of this year. The products back then also weren't all that good; yes you could enjoy them, but you were going to sweat and work for it, and a yellow example was driven only by a tycoon or the loosest of cannons. This SV Roadster in Giallo over Nero "Torpedo" Alcantara with yellow piping has undoubtedly seen more pearls clutched than Oyster Bay.  In 1995, just after Chrysler sold the Italian outfit, Lamborghini launched the Diablo VT Roadster, a convertible version of the all-wheel-drive Diablo VT, and the Super Veloce (SV) Coupe, a pared-back rear-driver with more power from the 5.7-liter V12 than in the standard Diablo VT. The new Malaysian and Indonesian owners wanted to lure more American buyers, so they funded development of an SV Roadster to be a lighter, lither RWD version of the AWD VT Roadster. Three years later, a Pearl Orange SV Roadster show car went on display at the Geneva Motor Show in 1998. U.S. dealers wanted the car. However, the Malaysian and Indonesian owners sold Lamborghini to Audi the same year, and Audi canceled all rear-wheel-drive projects. A Milanese Lamborghini dealer asked Lamborghini's CEO to make one more example; the CEO agreed. Having created market demand then stiff-armed it, Lamborghini dealers and distributors in various regions removed the AWD system from some VT Roadsters to create something like an SV Roadster. However, the SV Roadster show car and the example for the Milanese dealer are the only two factory-official SV Roadsters in existence.  This one's been in the hands of four European collectors and shows 42,842 kilometers (26,621 miles) on the odo. Its V12 makes 530 horsepower and 446 pound-feet of torque. Lots of spendy options on this one, including exposed carbon fiber for the roof and intake blades, the optional rear wing also in exposed carbon fiber, the front suspension lift system, and the sports exhaust.

Volkswagen posts quarterly profit despite drop in sales

Volkswagen returned to profit in the third quarter as surging Chinese demand for luxury cars helped offset a 1.1% drop in vehicle deliveries due to the pandemic, sending its shares as much as 3% higher on Thursday. The German automaker's return to the black comes amid spiking coronavirus cases in Europe that led governments in France and Germany to order their countries back into strict national lockdowns on Wednesday. "The coronavirus remains a central problem," Volkswagen Chief Financial Officer Frank Witter said in a conference call with reporters. "This situation now is anything but relaxed." But Witter said the group expected the economic recovery to continue and did "not anticipate any nationwide lockdowns in larger markets." Witter said the takeover of U.S. truck maker Navistar International by Volkswagen's trucking unit Traton was an important acquisition, but the "current economic climate will not make this easy." Volkswagen reiterated it expects to post a profit for the full year, saying its business "recovered noticeably" in the third quarter as sales in China of premium vehicles, including Audi and Porsche sports cars, rose 3%. The quarterly performance was also aided by a series of cost-cutting measures launched earlier this year. Volkswagen said its net liquidity rose to 24.8 billion euros from 18.7 billion at the end of the second quarter. Excluding one-time items, third-quarter operating profit was 3.2 billion euros ($3.8 billion), down from 4.8 billion euros a year earlier, but up from a second quarter loss of 1.7 billion. In a note to clients, Jefferies analyst Philippe Houchois described the results as a "solid performance with strong cash, but relatively muted in the context of the (auto) sector recovery." Last week, German rival Daimler reported a record 24% jump in Chinese demand for its Mercedes-Benz cars, boosting its margins in the third quarter. Italian-American Fiat Chrysler Automobiles and Peugeot manufacturer PSA Group both also posted solid results this week. Witter said Volkswagen could not say for sure whether it would meet EU CO2 emissions targets this year, adding "it will be a tough race." At 1030 GMT, Volkswagen shares were up 2.9% at 129.20 euros. Related Video: Earnings/Financials Audi Bentley Bugatti Lamborghini Porsche Volkswagen