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Volkswagen may 'carve out' Lamborghini to list on the stock exchange

FRANKFURT — Volkswagen is drawing up plans to set up Lamborghini as a more independent unit, and is discussing long-term supply deals that could make it easier to list it on the stock exchange, two sources familiar with the matter told Reuters. "Volkswagen is in the process of carving out Lamborghini, and to organize future supply and technology transfer deals," one of the sources familiar with the matter told Reuters. The Italian sportscar brand, which is currently a division of Audi, could be partially listed, with Volkswagen retaining a controlling stake, the first person familiar with the talks said. There is no formal decision to divest Lamborghini, a second source said, adding that the timetable of any deal remained unclear. "This is a first step which gives VW the option to list the unit further down the line," the second source told Reuters. A third source familiar with the discussions said the future of Bugatti, Lamborghini and Ducati was discussed during a supervisory board meeting last Friday. The possibilities for how to electrify the Lamborghini and Bugatti brands through partnerships and investors was discussed, the third source said. Bankers and potential cornerstone investors in an IPO have been approached by the carmaker, the sources said. Volkswagen declined to comment. Volkswagen Group's Chief Executive Herbert Diess on Wednesday said the carmaker will announce "important steps" about the company's future before the close of the year. Volkswagen is reviewing what role its high-performance brands Lamborghini, Bugatti and Ducati will play within the multi-brand carmaker as part of broader quest for more economies of scale, senior executives told Reuters. A global clampdown on combustion-engined vehicles has forced carmakers to accelerate development of low-emission technology for mainstream models, leaving Volkswagen managers struggling to find resources to electrify low volume sportscar models. Related Video:

1933 Duesenberg tops Mecum Auctions' Monterey results at $3,850,000

Mecum Auctions had three Duesenbergs on offer at the Monterey Car Week's auction event, and the most valuable of the three was the achingly beautiful, one-of-one Bohman and Schwartz-built Model J Disappearing-Top Roadster in white over red, for $3,850,000. Duesenberg reportedly utilized as many as 32 coachbuilders to build custom Model Js, and this one with Hollywood history is unique thanks to its bodywork. In comparison, a 1929 Murphy-bodied Model J Convertible Sedan brought in "just" $1,155,000. The second highest price in Mecum results was achieved by a practically undriven, 307-mile 2014 Ferrari LaFerrari. The Rosso Corsa example slotted in neatly compared to its $3,000,000 to $3,300,000 estimate, finishing at $3,190,000. Another LaFerrari, a yellow one with 419 miles, remained unsold at $3,200,000. Number three is also a Ferrari, an Enzo at that. The 3,150-mile 2003 Enzo, in red over red, finished at $2,860,000. After a string of street cars, the fourth highest Mecum auction price was achieved by the 1989 Daytona 24 Hours, 1989 Palm Beach Grand Prix and 1989 Porsche Cup USA winning Porsche 962. The list of drivers with stints behind the Busby Racing 962's wheel is impressive reading: Derek Bell, John Andretti, Mauro Baldi, Jochen Mass and Brian Redman just to mention a few. Chassis 962-108 had the honor of claiming the 50 th win for a 962 in international competition, at Daytona 24 Hours, and that victory was also Derek Bell's final 24-hour endurance win. As Mecum notes, Bell has called this 962 as his favorite Group C Porsche. It has been in collector hands since 1989, and the selling price reached $2,200,000. The fifth car is a very significant Lamborghini Miura: an unrestored original with its factory coat of red, it is the second Miura P400S model built, and the earliest known S survivor. It has just 28,613 miles on its odometer, and it still wears the Pirelli Cinturatos it was given at the factory. Among all Miuras, this 1969 car is certainly a unicorn, and as a result it sold for $1,155,000. The rest of the top 10 sellers from the Mecum auction follow: 1929 Duesenberg Model J Murphy Convertible Sedan, $1,155,000 2012 Dallara DW12 Honda Indy Car, $1,127,500 2017 Ferrari F12tdf Coupe, $1,045,000 1936 Auburn 852 Supercharged Speedster, $1,017,500 1973 Ferrari 365 GTB/4 Daytona Coupe, $825,000 Related Video: Featured Gallery Mecum Auctions Monterey 2018 View 10 Photos News Source: Mecum AuctionsImage Credit: Mecum Auctions Misc.

Lamborghini weighs first factory-backed Le Mans entry

Lamborghini could expand its racing program by competing in the World Endurance Championship (WEC). The Italian company has never been able to justify funding the development of an LMP1-spec prototype from the ground up, but the hypercar category the WEC will launch in 2020 makes competing in high-profile races like the 24 Hours of Le Mans much more affordable. The new class created to pick up where LMP1 will leave off has piqued the interest of Lamborghini boss Stefano Domenicali. He told British magazine Autocar that his team is taking a careful look at the regulations, and company officials will decide whether to go racing by the end of 2019. The hypercar category will replace LMP1 during the 2020/2021 season, and its guidelines call for racers that look like production models. They'll need to weigh under 2,160 pounds, and they'll be allowed to use active aerodynamic technology, which Lamborghini already uses on production models like the Aventador SVJ, the Huracan Performante, and the Huracan Evo. Domenicali hinted a car similar to the one-off, Aventador-based SC18 (pictured) introduced in late 2018 could take Lamborghini racing. It shows the company has "a base for what could be an interesting approach," he told Autocar. Created at the request of a customer, the SC18 delivers 770 horsepower and 531 pound-feet of torque thanks to the Aventador's naturally-aspirated, 6.5-liter V12. If Lamborghini chooses to race, it will need to fend off competition from Aston Martin and Toyota, among others. Aston Martin confirmed it will compete in the hypercar category with an evolution of the 1,160-horsepower Valkyrie, while Toyota is busily transforming the Super Sport concept into a hypercar-spec racer. Unverified reports suggest McLaren and Ferrari could also join the fray sooner or later. While Lamborghini's history isn't rooted in racing, and it has never operated a full, factory-backed WEC program, its cars have competed in the 24 Hours of Le Mans and other endurance events on several occasions. Die-hard fans will remember the Murcielago R-GT that raced at Le Mans between 2006 and 2009. It was more show than go, and it finished near (or at) the bottom of the pack. Auto News Motorsports Lamborghini Le Mans lmp1