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Rare U.S.-spec 1990 Lamborghini LM002 fetches $467,000 at auction

A rare "Rambo Lambo," an American-spec 1990 LM002 that was Lamborghini's first SUV and arguably the first high-performance sport utility, has sold at auction in New York for $467,000. RM Sotheby's says the luxury ute, which has 19,153 miles on the odometer, underwent a comprehensive five-year mechanical and cosmetic restoration and was originally priced at $158,000 when it arrived in the U.S. through a Florida port of entry. The auction sale price is more than twice the cost of the new Urus, the sleek new crossover that Lamborghini unveiled earlier this week. The LM002 traces its lineage to the Cheetah, a rear-engine-mounted 4x4 that Lamborghini made with an American defense contractor for the U.S. Army, which did not reward the automaker with a contract. It was Lamborghini's first production SUV, based on the Cheetah's basic engineering, and it added luxurious wood and leather to the interior, a spacious cargo area and the 5.2-liter Countach V12 engine that took it from 0-60 in 7.7 seconds. Only 301 examples were ever made between 1986 and 1993, with just 48 of them built to the LM/American specs and delivered to the U.S. Sotheby's notes that the exotic car market of the early '90s "was in full flourish thanks to a new generation of millionaires and billionaires seeking the ever-greater 'toy' — and nothing was bigger or better than the LM002." It boasts a massive 76-gallon fuel tank, and the model that just sold was equipped with specially designed Pirelli Scorpion run-flat tires. Jay Leno took an LM002 of the same model year for a spin two years ago on an episode of "Jay Leno's Garage." The restoration effort was valued at $325,000 and covered the Countach engine, new exhaust and a full, new interior, adding an Alpine stereo head unit and integrated Bluetooth to bring things up to modern speed. It also features the rare rear cargo toolbox, tonneau cover, and correct LM/American floor mats and chrome bumpers. The owner also got correct tools, keys, books, jack, full receipts and photographic documentation of the restoration process, plus two OEM ECU computer units.Related Video:

Original Lamborghini Countach designer wants no association with 2021 remake

The designer of the groundbreaking 1974 Lamborghini Countach, Marcello Gandini, has issued a remarkable statement to the press regarding the recently released Countach LPI 800-4. In it, he repeatedly affirms that he had nothing to do with the revived Countach that Lamborghini revealed at Monterey Car Week on the occasion of the model's 50th anniversary. Gandini alleges that Lamborghini may have misled the public into thinking he had something to do with the Sian reskin, and he wants to make it clear that he had nothing to do with it. "The external public, seeing and reading what has been communicated by Automobili Lamborghini and consequently by the media during recent weeks, may be led into believing that Marcello Gandini was a part of, or was involved with, or the project may have had his blessing. It is therefore appropriate to clarify the facts and reiterate that he did not participate in, nor was he aware of the project in any way."   Rarely has a designer of Gandini's stature and repute so publicly refuted a company they've worked for. Though Gandini penned cars from the humble Renault 5 to the masterful E12 BMW 5 Series to the incredible Lancia Stratos, it is Lamborghini — where he was responsible for the legendary Miura, Espada, Marzal and Countach, among others — that Gandini is historically most closely associated with.  Some of the confusion Gandini references stems from a video published by Lamborghini earlier this year. In it, Gandini talks about his design philosophy (which, ironically, includes breaking new ground with every design) and current Lamborghini head of design Mitja Borkert presents Gandini with a scale model of the then-upcoming Countach LPI 800-4. The latter believes that his presence in the video equates to tacit approval of the new design. "Neither earlier, nor during the interview was it stated that the car was scheduled for limited series production. With the elegance and kindness that have always distinguished Marcello Gandini, when Mitja Borkert presented the scale model during the interview, the former did smile and acknowledge as would be customary to do so."   Gandini believed that the model was the end of it, but after Lamborghini pulled the wraps off of the LPI 800-4, he says he received "countless requests for clarification" from press and colleagues in the auto design field. He decided to issue the statement to make clear he had nothing to do with the remake.

Lamborghini Huracan Sterrato and GMC Acadia driven | Autoblog Podcast #837

In this episode of the Autoblog Podcast, Editor-in-Chief Greg Migliore is joined by Senior Editor, Electric, John Beltz Snyder. They're both jazzed after driving the off-road-ish and totally sublime Lamborghini Huracan Sterrato. John recently drove the new GMC Acadia, Greg spent some time in the Toyota Camry, and they also discuss Autoblog's long-term Subaru WRX. In the news, the Porsche 918 Cayman and Boxster are reportedly ending production, while it's officially the end of the road for the Nissan GT-R and Volvo S60. Fisker has officially filed for bankruptcy. Cadillac has shown off a couple cool Blackwing special editions in honor of Le Mans. Finally, we reach in the mailbag and help a listener pick a sporty convertible in this week's Spend My Money segment. Send us your questions for the Mailbag and Spend My Money at: Podcast@Autoblog.com. Autoblog Podcast #837 Get The Podcast Apple Podcasts – Subscribe to the Autoblog Podcast in iTunes Spotify – Subscribe to the Autoblog Podcast on Spotify RSS – Add the Autoblog Podcast feed to your RSS aggregator MP3 – Download the MP3 directly Rundown Cars we're driving: 2024 Lamborghini Huracan Sterrato 2024 GMC Acadia 2025 Toyota Camry Long-term 2023 Subaru WRX Porsche 718 Cayman and Boxster allegedly end production in October 2025 2024 Nissan GT-R the final year for the U.S. market 2025 Volvo S60 the last model year for the sedan in the U.S. Fisker files for Chapter 11 bankruptcy 2025 Cadillac CT5-V Blackwing 'Le Monstre' and CT4-V Blackwing Petit Pataud limited editions celebrate Le Mans Spend My Money Feedback Email – Podcast@Autoblog.com Review the show on Apple Podcasts Autoblog is now live on your smart speakers and voice assistants with the audio Autoblog Daily Digest. Say “Hey Google, play the news from Autoblog” or "Alexa, open Autoblog" to get your favorite car website in audio form every day. A narrator will take you through the biggest stories or break down one of our comprehensive test drives. Related video: Podcasts Cadillac Fisker GMC Lamborghini Nissan Porsche Subaru Toyota Volvo Coupe Crossover SUV Electric Hybrid Luxury Off-Road Vehicles Performance Supercars Sedan