Lamborghini Gallardo Both Ecus Ets Stage 1 Turbo Tune Is Loaded on 2040-cars

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Lamborghini shows off beautifully restored 350 GT

It might not look much like Lamborghini's latest creations, such as the Aventador S, but this gorgeous grand tourer is a very important model in the company's history: its first production car. And this is an early one, one of the first 15 examples to roll off the line. It's getting some attention at the Retromobile Show in Paris thanks to its full restoration by Lamborghini's in-house restoration arm, Polo Storico. Polo Storico is a little like the Heritage divisions of Jaguar and Land Rover, and similar divisions at Mercedes-Benz, Porsche, and others. The unit, based in Sant'Agata, gives customers the opportunity to have their classic Lamborghinis restored by the company's expert staff. It is, as you might imagine, expensive. Polo Storico has previously restored a Miura, an LM002, and a Countach. This particular 350 GT is chassis No. 0121, and it received 1,150 hours worth of bodywork and 780 hours of mechanical restoration – in particular, the cooling system for the 3.5-liter V12 was thoroughly checked over. The car was repainted with an original-type paint, and recreation Pirelli Cinturato tires were fitted to match what the car originally had. It'll be on display in Paris if you're in the neighborhood. Related Video:

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.

VW Group to split brands under four holding companies

The Volkswagen Group is planning a tremendous shift in its internal structure that will decentralize operations by splitting its 12 brands into four different holding companies. Here's the breakdown. Things will be split logically, considering the inter-sharing of parts, platforms, and engines. The Volkswagen brand, Seat, and Skoda make up a passenger vehicle division led by former BMW man Herbert Diess. Audi, which is tightly intertwined with Lamborghini and motorcycle manufacturer Ducati, will be managed by current Audi exec Rupert Stadler. Porsche and Bentley, which are already quite close, will be joined by Bugatti and run by Matthias Mueller. Finally, a commercial vehicles division will include Volkswagen Commercial, Scania, and Man. Former Daimler exec Andreas Renschler will take care of the big vehicles. The massive move, according to Automotive News Europe, is part of an internal VAG effort to move away from the structure established by ousted Chairman Ferdinand Piech, who favored a compact, but highly centralized, management structure to oversee the independent actions of the company's brands. Criticism of Piech's arrangement stemmed from the company's slow responses to changes in the market, ANE reports. The new structure should make for a more efficient, streamlined company that's better able to make crucial decisions. What are your thoughts? Should VAG decentralize, or did Piech have the right idea? Have your say in Comments.