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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.

Weekly Recap: Autonomous driving goes commercial in Nevada

Nevada granted Daimler Trucks North America the first license to run an autonomous commercial vehicle on public roads in the United States Tuesday, marking another milestone in the technology's rapid advancement. Gov. Brian Sandoval and Daimler truck chief Wolfgang Bernhard promptly used the license to lap Highway 15 near Las Vegas in a newly revealed Freightliner Inspiration Truck. It was a clear signal that autonomous driving is big-rig reality, though it's still a long way from widespread use. Nevada certified two of Daimler's Freightliner Inspiration Trucks, which use the company's Highway Pilot system with a stereo camera, radar, and lane-keeping collision-prevention features to regulate the brakes and steering. The radar component has a long-range sensor that can cover 820 feet at an 18-degree angle and a shorter-range unit that stretches 230 feet at a 130-degree angle. The Inspiration trucks are based on the existing Freightliner Cascadia Evolution model used on US roads. In addition to the autonomous technologies, it also has futuristic design cues, including blue lighting in the front and a new hood and grille. While there are only two Freightliner Inspiration trucks in existence, Daimler expects to bring the Highway Pilot system into mass-produced big rigs by 2025, in time to capitalize on the market's predicted growth. The German truckmaker predicts the global hauling market will triple by 2050, and the United States will be a key part of that growth. Trucks carry 69.1 percent the nation's domestic freight tonnage and hauled 9.7 billion tons of freight in 2013, according to the American Trucking Association. Daimler expects autonomous driving to augment this growth, and perhaps evolve the role of the truck driver. Still, the company points out autonomous tech is not meant to replace drivers, but to assist them and relieve fatigue and monotony on long hauls. The driver has to stay in control for passing, in city traffic, and when hooking up the trailer. The company said autonomous driving also offers the potential for improved fuel economy – tests showed a five-percent gain – and lower maintenance costs. Daimler also said the technology could reduce congestion on the road. Much of this is attributable to the constant flow of traffic, which is aided by autonomous driving. While the benefits are becoming increasingly apparent, autonomous technology is still met with skepticism.

Lamborghini gives us a peek at its racing arm's next standalone car

Lamborghini's racing division, Squadra Corse, is preparing to unveil its second standalone model. It published a short video that gives us a visual and audible peek at the car, which looks like an evolution of the Huracan. We're not quite sure what the second Squadra Corse car is powered by, and we have no idea what it's called, but we can already tell it will look more menacing than any of Lamborghini's regular-production models. Posted on YouTube, the 32-second video shows enough of the track-bound coupe to whet our appetite. It's considerably wider than the Huracan, much lower, and fitted with a specific body kit that includes vents chiseled into the quarter panels, a huge wing, and an intriguing periscope that presumably channels cooling air to the engine bay. The silhouette and the proportions hint at the Huracan underpinnings, though nothing is official yet and a majority of the exterior parts look newly-developed. The bigger Aventador is near the end of its life cycle, its successor is expected to break cover in the next 12 months, and it already received the Squadra Corse treatment in 2018. Squadra Corse's involvement suggests we're looking at a Lamborghini developed exclusively for track use, and footage of the interior supports this theory. Instead of an instrument cluster, the driver will face a screen that presents key information about the car and its surroundings with a simple, easy-to-read layout. There's a full roll cage, too, and the side windows have been replaced with Plexiglas units to keep weight in check. Lamborghini hasn't announced when it will unveil its Squadra Corse's next new model, but the unveiling will almost certainly take place online. We're guessing production will be strictly limited, and it's not too far-fetched to speculate every build slot will be spoken for by the time we see the car in the metal in spite of a six- or seven-digit price tag. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.