2023 Lamborghini Huracan Tecnica 60th Anniversary Edition on 2040-cars

Auto blog

Lamborghini's Lock out as American COO

It looks like Lamborghini is going to need a new executive to run its North American operations, as the man who's held the job until now has parted ways with the exotic automaker.
That man is Michael Lock, who has held the position of Chief Operating Officer at Automobile Lamborghini America LLC for nearly two years now. We don't know what the reasons are for his departure, or for that matter whether the departure was instigated by Lamborghini or Lock. However, Lamborghini's official notice released yesterday does state rather flatly: "as of today the collaboration with Michael Lock, COO of Automobili Lamborghini America, is terminated" even as it thanks the executive for his efforts and wishes him the best moving forward.
For the moment, Lock's post will be assumed by Thomas Felbermair, Commercial Director at Automobili Lamborghini, while site operations will be handled by Rene? Sueltzner, who is also in charge of after sales at Automobili Lamborghini America.

$1.3B worth of classic cars were auctioned in 2014

The collector auto market in the US just continues to expand with the values of vehicles seemingly only growing in the past years, especially if they have a prancing horse on the hood. This year was no different. According to data compiled by classic car insurance agency Hagerty, there were about $1.3 billion worth of vintage rides auctioned in North America in 2014, up just slightly from $1.2 billion crossing the block in 2013. If you want an idea of just how big a role the Monterey Car Week plays in the North American collector hobby, Hagerty's stats illustrate it perfectly. The company recorded $430 million in auction sales during the week – about a third of the entire market for the year. The event also hosted the biggest seller of 2014 when the hammer fell on a 1962 Ferrari 250 GTO (pictured above) for $38.115 million at Bonhams. In fact, vintage Ferraris in general were among the top buys in the classic auto world in 2014. Eight of the ten most expensive vehicles sold at auction were Prancing Horses (the other two were Ford GT40s). Also, the insurance company's price index for these Italian stallions showed a 43-percent gain in value for the year. The market for another Italian supercar is exploding, as well. The Lamborghini Countach showed a staggering 175-percent growth in auction value in 2014. According to Hagerty, the average price when they crossed the block was $736,599. Judging by Hagerty's numbers, there were still some places to look for those hoping to spend a bit less money. The Aston Martin Lagonda showed a strong gain in value with a 32-percent increase in auction price, but they still averaged $47,078. In addition, the company's index for '50s American cars showed only one-percent growth for these classics. These huge leaps in collector car value might be winding down, according to Hagerty. It predicts growth in the market to slow to an estimated five percent gain in 2015. Maybe a few of these classics might actually become a bit more affordable to fans without such deep pockets sometime in the future. Featured Gallery Bonhams Maranello Rosso Collection: Monterey 2014 View 21 Photos News Source: HagertyImage Credit: Copyright 2014 Drew Phillips / AOL Aston Martin Ferrari Lamborghini Auctions Car Buying Performance Classics aston martin lagonda ferrari 250 gto Lamborghini Countach collector cars 1962 ferrari 250 gto auto auction

Watch Tesla Model X P100D drag race Lamborghini Aventador SV

It's always fun to see the performance capabilities of electric vehicles, and we haven't yet tired of watching Teslas go up against supercars, street racers, even airplane s, win or lose. DragTimes fed the world another Tesla drag race video this week, pitting a Tesla Model X P100D with Ludicrous+ against a Lamborghini Aventador SV powered by a 6.5-liter V12 (and worth $530,000) in a quarter-mile challenge at Palm Beach International Raceway. The Model X gets a better start off the line, and ends up finishing just 0.05 seconds ahead of the Lamborghini (which was quickly catching up at the end). While the Lamborghini was technically faster (with an elapsed time of 11.281 seconds and a speed of 129.38 miles per hour), the Model X finished the quarter mile in 11.418 seconds at 117.95 miles per hour, which DragTimes notes is a world record for an SUV. The difference in the sound between the two vehicles is striking, as we find from the separate camera views. The Lamborghini absolutely screams, while the Tesla just whistles in the wind a bit. After the Model X, the Lamborghini takes on a Model S P100D. It almost looks like the Aventador jumps the gun a bit (but it doesn't get a red light, and shows a reaction time of just .008 seconds with some well-timed wheel spin), and ends up finishing 0.15 seconds ahead of the Model S. The Tesla's elapsed time was 10.947 seconds at 119.71 mph, while the Lamborghini's ET was 11.164 seconds at 129.08 mph. These races showcase the mighty acceleration of the P100D Teslas. While the traditionally powered supercar is faster at the high end, the low-end shove of the EVs prove them to be great drag cars, even weighing over 5,000 pounds. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. News Source: YouTube: DragTimes via Teslarati Green Motorsports Lamborghini Tesla Green Automakers SUV Electric Supercars Videos world record drag race lamborghini aventador sv p100d