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Lamborghini Veneno could be yours for just $11 million
Thu, Mar 10 2016How could an automaker charge over three million euros for a single automobile, no matter how rare or extreme? That's what we wondered when Lamborghini took the wraps off the Veneno at the Geneva Motor Show, with a price tag working out to over $4 million US using exchange rates at the time. But that suddenly seems downright reasonable when you see how much this owner is asking for one. Listed for sale on a German website by a broker in Japan, this particular Veneno is accompanied by an asking price of ˆ9.98 million. That works out to over $11 million at current rates, or a good three times what it originally cost when new, depending on which currency you're going by. Either way, that's one heck of a markup for a car now three years old, even if it only has about 840 kilometers (522 miles) on the odometer. You'd think, considering its lofty asking price, the seller could have provided some decent pictures, but apparently not. Lamborghini made only three examples of the Veneno coupe for public consumption, and this example is said to be the second. With the other two sold to owners here in the United States (in Long Island and Miami), this appears to be the one sold to a customer in China, and was previously spotted in Hong Kong on its way to Macau. No matter which way you look at it, the Veneno is a rare beast... even counting the nine roadsters that followed with an even more bullish price tag. Put in that context, the ˆ1.75m-euro ($1.9m) sticker price worn by the Centenario revealed in Geneva this year – also based on the Aventador with a more extreme design – seems like a relative bargain. Related Video:
Lamborghini has been developing an IPO strategy 'for a long time'
Mon, Nov 7 2022Porsche AG isn’t the only Volkswagen AG brand that has been quietly preparing for a potential initial public offering. Italian luxury-car maker Lamborghini has been developing a strategy how to present itself to stock-market investors since well before Volkswagen asked each of its brands to come up with virtual equity stories, according to the unitÂ’s Chief Executive Officer Stephan Winkelmann. “WeÂ’ve been working on this with other agencies in order to create clarity,” Winkelmann said. “As a brand, weÂ’ve done so for a long time, to show what worth, what value we have. Up until a little while ago, it wasnÂ’t so well known.” Porsche became EuropeÂ’s most valuable automaker last month, when its market capitalization overtook that of VW a week after its IPO in Frankfurt. The debut of the 911 maker was a bold move into public markets, which have been largely shut for most of the year. VW CEO Oliver Blume has said he sees the listing as a blueprint to unlock more value from the groupÂ’s brands that also include Audi and Bentley. “An IPO drill is exactly what you do to show the public how solid you are and what is in progress for the future,” Winkelmann said. “We have a clear story and strategy for that.” Audi, which oversees VWÂ’s premium brands, said last month there are no concrete plans for an IPO of Lamborghini. A previous push to potentially spin off the carmaker and motorcycle brand Ducati ran into opposition from labor leaders. Still, LamborghiniÂ’s recent profit gains -- including a 31.9% operating margin in the first half of this year -- make a solid case for a stock-market listing, said Michael Dean, an analyst at Bloomberg Intelligence. “An IPO is something that could potentially happen in the next 18 months, depending on market conditions,” Dean said. “A ˆ15 billion valuation is entirely justifiable and could be even higher, given the margin metrics.” LamborghiniÂ’s deliveries rose 8% to 7,430 vehicles in the first nine months of the year. Operating profit climbed 69% to ˆ570 million ($567 million). Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Lamborghini teases Huracan Sterrato tackling terrain
The Lamborghini Trumpventador is gonna be huge
Tue, May 10 2016Some voters may choose to declare their support for their favorite candidate with bumper stickers, while others keep their preferences more private (or at least off of the surface of their cars). And then there's this Lamborghini Aventador. No matter how you feel about the 2016 election, can we all agree that a candidate-themed car is a bad idea? This (hopefully) one-of-a-kind Lambo began as a 691-horsepower Aventador. It now features a special wrap prepared by the folks at Superior Auto Design and emblazoned with Donald Trump's likeness and slogans. Star-spangled in red, white, and blue, this Aventador features The Donald's face on the nose and phrases like "you're fired!", "Trump Train" and "Make American GR8 Again!" all over the bodywork. Now if it strikes you as a little odd declaring one's support for Trump on a Lamborghini and not, say, a Jeep Wrangler, you may not be alone. The GOP front-runner has, railed against manufacturing automobiles abroad and repeatedly lambasted Ford for its factories in Mexico. Lamborghinis are, of course, built in Italy. But then again, Trump has owned at least one Lambo himself over the years. The Trumpventador is slated to take part in the 2016 Gold Rush Rally that's scheduled to leave Boston on May 13 and end in LA on the 21st, with stops in Washington, Charlotte, Nashville, Colorado Springs, Salt Lake City, and Las Vegas in between. So keep your eyes open if you're in one of those cities and want to catch a glimpse, or keep 'em shut if you don't. Related Video:
