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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.

Lamborghini Urus to get twin-turbo V8

The Lamborghini Urus won't use one of the Italian supercar brand's familiar V10 or V12 engines upon its arrival around 2018, but will instead pack a Lambo-exclusive twin-turbo 4.0-liter V8. Company boss Stephan Winkelmann and research chief Maurizio Reggiani confirmed the powerplant selection to Autocar, which verified earlier rumors. The choice of turbocharging rather than the brand's usual naturally aspirated mills comes returns lower carbon dioxide emissions and a greater breadth of torque from the powerband. Even if Urus owners never take the CUV off-road, Lamborghini's engineers want it to be possible. They feel that significant grunt at low revs is necessary for the vehicle to excel in the dirt, and the company only plans to offer the Urus with all-wheel drive. Winkelmann also promises the model to live up to the automaker's huge performance reputation. "This engine is not used by anybody else, only for Lamborghini. To be the most powerful in the class it must have something that is dedicated to our brand," he said to Autocar. For buyers looking for even more exclusivity from their Lamborghini crossover, the company could offer multiple variations of the Urus after the initial launch. Winkelmann re-confirmed to Autocar that both a plug-in hybrid version and high-performance Superveloce are under consideration; there also could be a luxury-focused edition. The company hasn't signed off on any of these yet, though. Lamborghini will build the Urus in a new factory near its headquarters in Sant'Agata Bolognese, and the brand will hope to deliver around 3,000 of them annually. Expect the final model to look like an evolved version of the earlier concept. Autocar claims prices for the UK market similar to the Aventador, which starts at around $400,000 in the US. Related Video:

Rare early Lamborghini Countach sells for record $1.2 million

Lamborghini may have made headlines with the highly exclusive, $4.5-million Veneno and the even more expensive Veneno Roadster that followed, but when it comes to classics sold at auction, their prices seldom approach the kind of figures attained by rare classics made by arch-rival Ferrari. Early 350 GTs and rare Miuras (like the SV prototype Gooding sold a few years ago for a record $1.7 million) have been known to breach the seven-figure mark, but now the Countach is making its way into the big leagues as well.
Pictured here is a rather exceptional early example sold by Bonhams in Connecticut last week. This 1975 Lamborghini Countach LP400 "Periscopica" - so dubbed for the unique rearview mirror fitted to the first 150 examples made - has just over 10,000 miles on the odometer. With flawlessly retouched Blu Tahiti (read: French racing blue) paint and an immaculate deep tan leather interior, the Periscopica was the subject of feverish bidding before selling for $1.2 million to a buyer present at the auction, beating out a dozen or so telephone bidders.
The record price for a Countach trumps the previous record, also set by Bonhams at the Quail Lodge last August, where another '75 Periscopica sold for $836,000. The rising prices surely reflect the coming of age for the Countach, now nearly 40 years since its introduction - particularly for the generation that grew up idolizing it as the prototypical supercar. Scope it out in the artful gallery of 76 high-resolution images above and the details of the auction below.