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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.

Ciao Bella, Lamborghini's Aventador Roadster looks smoking hot in LA

After having all of the official details dropped a few weeks ago, and judging the significance of the price tag just a bit later, we're finally getting our first look at Lamborghini's newest drool-inducer, the Aventador LP700-4 Roadster. News flash: It's just as good-looking in person as it is in stock shots.
That's right, if our fresh gallery of images from the show floor are any indication, buyers with fat-enough bank accounts to put the 700-horsepower V12 Lambo in the garage will not be disappointed with it aesthetically. The sharply creased supercar bodywork looks, arguably, more impressive in topless form than it does as a coupe, which is really saying something.
You'll find all of the technical detail about the new car in the press release below, should you require fuel for your Italianate dreams.

Lamborghini Huracan is officially sold out through end of production

The Lamborghini Gallardo managed a trick no V8-powered Lamborghini pulled off before, going back to the 1973 Urraco: Act as a thoroughly worthy undercard to the V12 main event. Perhaps the two extra cylinders made the difference, the Italian automaker selling 14,022 examples during the Gallardo's 10 years on sale. That was a massive number, especially when the automaker was selling closer to 1,000 cars per year than the 9,233 it sold last year. The Huracan proved an even sweeter package, selling 14,022 units in just five years. With more than 20,000 on the roads worldwide, the V10 storm is about to come to an end. A single sentence in Lamborghini's summary of Q1 financial performance reveals the V10 is "sold out till the end of production." The results summary doesn't specify the date the last Huracan rumbles off the line. We know it will happen sometime next year, the automaker's production almost entirely accounted for through the end of 2024. Whatever follows the Huracan will make its debut later this year, and somehow, Lamborghini has managed to keep the powertrain secret. It's agreed that the chassis will be a modified version of the platform created for the V12 hybrid flagship Revuelto. Car magazine says the Revuelto's "monofuselage" will be reworked with aluminum to lower the price. As recently as last November, Auto Express wrote about Lamborghini technical officer Rouven Mohr saying, "[the Huracan successor is] not a range-oriented hybrid and there will be no kind of downsizing," the mag saying Mohr conveyed the sentiment "that it’s against LamborghiniÂ’s philosophy to reduce the engine size and then 'compensate' with electrification as some rivals have done."  A twin-turbo hybrid V8 has come up more recently, this engine being of Lamborghini's design. With the company longer having a corporate sibling in the Volkswagen Group stable to share V10 hybrid costs and upkeep with, a hybrid V8 makes much more sense. The Group is awash in V8s and will be using hybridized versions in models from several brands. The scuttlebutt on this engine alleges about 850 horsepower of total output, turbos that don't spool up until 7,000 rpm, and a 10,000-rpm redline. And we already know it's going to sell like hotcakes — or crespolini, rather.  Related: 2023 Lamborghini Huracan Sterrato First Drive: Ridiculous obliteration of boundaries Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.