2006 Gallardo Se, Arancio Borealis! #170 Of 250! Only 10,092miles! $119,888!!! on 2040-cars

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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.

Petrolicious cruises with a high-mile Lamborghini 400 GT

When a sports car is as beautiful as a 1967 Lamborghini 400 GT 2+2, it belongs on the road for people to see, and Jack Riddell definitely gives folks plenty of opportunities to check out his red Lambo. He has owned the grand tourer since 1972 and put well over 200,000 miles on the odometer in that time. They earn the spotlight in the latest clip from Petrolicious after previously appearing on Jay Leno's Garage. Riddell's constant use of the coupe is exactly what Ferruccio Lamborghini would have wanted. The company made the 400 GT to eat up huge stretches of road at high speed through Europe. The beautiful sound of the 4.0-liter V12 beckoned the driver to keep going just a little more. Riddell got lucky when he found the 400 GT and refused to let it go. Now the Lambo is like an old pal to him. He jokes about a few of the coupe's foibles, but after hundreds of thousands of miles together, they clearly have a deep connection. Related Video:

Valet Crashes Lamborghini Outside Of Hotel

Security cameras were rolling as a valet at a swanky hotel in India crashed a Lamborghini Gallardo while trying to pull forward into a crowded driveway. In the video, the $187,000 supercar lurches forward and hits several cars and a hotel worker before careening into a wall. The hotel worker was taken to the hospital for minor injuries and released the same day, according to The Telegraph. Police are investigating the crash to determine if the hotel or the valet owes the car's owner damages. This seems like an egregious error in judgement, but valets are people too and they make mistakes. Earlier this year, a valet forgot to put the parking brake on a vehicle, which allowed it to roll into the ocean. Another valet accidentally allowed an SUV to roll down a ramp and into a wall in a parking garage. Related Gallery These Pricey Rides Are Among The Best Of The Best Weird Car News Lamborghini Safety valet