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Rare U.S.-spec 1990 Lamborghini LM002 fetches $467,000 at auction

A rare "Rambo Lambo," an American-spec 1990 LM002 that was Lamborghini's first SUV and arguably the first high-performance sport utility, has sold at auction in New York for $467,000. RM Sotheby's says the luxury ute, which has 19,153 miles on the odometer, underwent a comprehensive five-year mechanical and cosmetic restoration and was originally priced at $158,000 when it arrived in the U.S. through a Florida port of entry. The auction sale price is more than twice the cost of the new Urus, the sleek new crossover that Lamborghini unveiled earlier this week. The LM002 traces its lineage to the Cheetah, a rear-engine-mounted 4x4 that Lamborghini made with an American defense contractor for the U.S. Army, which did not reward the automaker with a contract. It was Lamborghini's first production SUV, based on the Cheetah's basic engineering, and it added luxurious wood and leather to the interior, a spacious cargo area and the 5.2-liter Countach V12 engine that took it from 0-60 in 7.7 seconds. Only 301 examples were ever made between 1986 and 1993, with just 48 of them built to the LM/American specs and delivered to the U.S. Sotheby's notes that the exotic car market of the early '90s "was in full flourish thanks to a new generation of millionaires and billionaires seeking the ever-greater 'toy' — and nothing was bigger or better than the LM002." It boasts a massive 76-gallon fuel tank, and the model that just sold was equipped with specially designed Pirelli Scorpion run-flat tires. Jay Leno took an LM002 of the same model year for a spin two years ago on an episode of "Jay Leno's Garage." The restoration effort was valued at $325,000 and covered the Countach engine, new exhaust and a full, new interior, adding an Alpine stereo head unit and integrated Bluetooth to bring things up to modern speed. It also features the rare rear cargo toolbox, tonneau cover, and correct LM/American floor mats and chrome bumpers. The owner also got correct tools, keys, books, jack, full receipts and photographic documentation of the restoration process, plus two OEM ECU computer units.Related Video:

Lamborghini expands Huracan range with rear-wheel-drive convertible

The Lamborghini Huracan LP580-2 Spyder completes the game of fill-in-the-blanks in the Italian's automaker's V10-powered lineup. With the brand already having proved its customary formula of "Remove the roof, retain the awesome," we expect this to be another uncommonly pleasing convertible from Sant' Agata Bolognese. The three-layer roof and mechanism migrate from the all-wheel-drive spyder. Taking 17 seconds to lower, the bodywork springs various tricks to maintain the appropriate cabin atmosphere. Two fins emerge from the B-pillar to preserve the car's profile, with narrow ducts in those fins managing wind flow through the engine compartment. Keeping the rear window up also calms the cockpit, lowering it invites the breeze and the wail of the engine. Additional zephyr management measures come in the form of removable mesh windguards that can be fitted next to the headrests. View 26 Photos Minor adjustments to the front and rear are the only visible differences between the RWD coupe and Spyder. The 5.2-liter V10 rocks the same 572 horsepower and 398 pound-feet of torque and top speed holds steady at 198 mph, but the 0-60 mile-per-hour time creeps up by two tenths of a second to 3.6 seconds. Dry weight clocks in at 3,320 pounds, a 258-pound jump over the coupe, but 330 pounds less than the all-wheel-drive Huracan Spyder we sampled - and loved - earlier this year. Lamborghini says the Huracan rear-wheel-drive spyder price will slot in between the MSRP of the two- and four-wheel drive coupes when the car goes on sale in January 2017. Before then, you can view it for the much more reasonable price of "free" when it's unveiled at the LA Auto Show. Related Video: Image Credit: Live photos copyright 2016 Drew Phillips / Autoblog LA Auto Show Lamborghini Convertible Luxury Performance Supercars Videos Original Video

Lamborghini files for trademark on Egoista name

Lamborghini has reportedly filed to register a trademark for the name Egoista. The name was previously used on an outrageous one-off, single-seater concept revealed in 2013. While the trademark application doesn't necessarily mean the concept will be put into production, it certainly bodes well. Fans of the marque will recall that the Lamborghini Egoista surfaced in May 2013 as a birthday present from the automaker to itself on the occasion of its 50th anniversary. The radical design penned by Walter De Silva was inspired by helicopter gunships and featured a single solitary seat under a canopy, giving the one-of-a-kind creation its "selfish" name. Motivation (were it ever let out onto the street) came from a 5.2-liter V10 like the one in the Gallardo and Huracan, optimized to the tune of 600 horsepower. The Egoista was never displayed at any auto shows, going straight to the museum in Sant'Agata Bolognese at the entrance to the company's factory and headquarters. At the time of its creation, Lamborghini said that "the Egoista is pure emotion, Never Never Land, which no one can ever possess, and which will always remain a dream, for everyone." The reported filing of the trademark application would ostensibly suggest a change of heart on Lambo's part, or at least that it could be entertaining the use of the name for some application beyond the concept that's now two and a half years old. One can dream, at any rate. Related Video: