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Mexico to auction Lamborghini, other seized assets to help poor

MEXICO CITY — Mexico's government will auction a Lamborghini, homes and other assets seized from gangsters and at least one former politician, officials said on Tuesday, part of a "Robin Hood" program to use millions of dollars in ill-gotten gains to aid the poor. The first auction, set for Sunday, will seek bids for 77 vehicles with a total starting price of around $1.5 million, Ricardo Rodriguez, head of the newly created Institute to Return Stolen Goods to the People, said at a news conference. "Before, this worked like a reverse Robin Hood ... taking from the people and giving to the corrupt. Not anymore," Rodriguez said. The proceeds will go to two municipalities in the southern state of Oaxaca, which President Andres Manuel Lopez Obrador said are among the poorest in the country. The vehicles up for auction include Porsches, Corvettes, Mercedes-Benzes, a Mustang convertible and a 2007 Lamborghini Murcielago. A 2017 report by the Organisation for Economic Cooperation and Development noted that recent studies estimated Mexico lost between 5% and 9% of its gross domestic product (GDP) to corruption annually. Since taking office in December, Lopez Obrador, a leftist, has rolled out a string of welfare programs for the poor and the elderly, cut salaries for top civil servants and said he is saving public money by eliminating corruption. He announced plans for a "Robin Hood" institute in April. The Mexican president, who has shunned the often luxurious trappings of the country's wealthy elites and was known to drive through the capital in a modest white Volkswagen Jetta, added that two cars and an ambulance donated by the King of Jordan will go to the National Guard, a new security force. One of the auctions will seek to sell three homes worth at least $7 million, including one with an indoor pool in an upscale Mexico City neighborhood. The money will go towards a youth drug rehabilitation program. Proceeds from another auction of jewelry seized from organized crime groups will go to communities in the mountains of Guerrero state, where many families struggle to eke out a living by growing opium poppies. Not all the assets come from drug lords. Rodriguez said one of the homes up for auction belonged to a former politician. Reporting by Daina Beth Solomon.

Lamborghini Veneno makes full appearance before Geneva debut

This is it: The Lamborghini Veneno supercar that will debut later today in Geneva and, along with the the McLaren P1 and Ferrari Enzo successor, give this motor show in Switzerland no less than three world supercar premieres. A number of images of the Veneno have leaked early, which we've assembled in the attached gallery for your slack-jawed, drool-stained perusal.
The Veneno is reported to mark Lamborghini's 50th anniversary, and will be built in a production run of just three, each with a price tag of around $4.6 million and each one bearing a color of the Italian flag (green, white or red). And no, Richie Rich, you can't have one, because all three are already sold.
As for its mechanicals, the Veneno is supposedly based on the Aventador, which makes sense, though it wears a completely different carbon fiber body that's even more extreme than other recent hypercars from Lamborghini, including the Sesto Elemento and Reventon. It will almost certainly be powered by Lamborghini's 6.5-liter V12 producing around 740 horsepower, while a seven-speed single-clutch transmission will carve up that output on the way to the Veneno's reported top speed of 220 miles per hour.

Lamborghini will introduce a mysterious new model tomorrow

As the global automotive industry gradually emerges from months of COVID-19-related lockdowns, carmakers are beginning to unveil the models they should have shown us at the auto shows that were canceled during the first half of 2020. Lamborghini published a close-up of a mysterious new model on its official Twitter page, and it announced plans to unveil the car on its various social media channels on July 8 — that is, tomorrow.  "The future is here, and it is unlike anything the world may have seen before," the company wrote. While that's not a lot to start with, the winglet shown in the preview image looks suspiciously like the ones fitted to the limited-edition Sian FKP 37 introduced at the 2019 Frankfurt auto show. It stood out as Lamborghini's first production-bound hybrid model, and the V12-electric system's 819-horsepower output made it the firm's most powerful car. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Lamborghini can take the Sian in a number of directions. It could make the coupe lighter and more track-focused, for example. Alternatively, unverified rumors claim a convertible model is around the corner. Or, considering stylists put a huge emphasis on customization, it could merely show us the first customer-bound example. Although it's less than a year old, the Sian has already spawned several surprising derivatives, including a 3,696-piece Lego Technic kit that's over 23 inches long, and a 53,000-pound twin-engined yacht with 4,000 horsepower. Intrigued? So are we. Lamborghini will stream the event live on its official website and on its social media channels starting on July 8, 2020, at 6 p.m. in Bologna, which is 12 p.m. in New York City and 9 a.m. in Los Angeles. Regardless of what we'll discover, there is a high chance it will be sold out by the time it's unveiled.  Green Lamborghini Convertible Coupe Future Vehicles Hybrid