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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.

Rear-wheel-drive Lamborghini Huracan coming to LA

We've got an invite to attend a "Lamborghini global product debut" in Los Angeles, and if an Autocar report is legit, it looks like that new car will be a rear-wheel-drive version of the Huracan. Despite touting all-wheel drive across its model range, Lamborghini did offer a rear-drive version of the Gallardo – the Huracan's predecessor – so a two-wheel-drive version of the new car makes a whole lot of sense. Autocar believes the RWD Huracan will be a lighter, more hardcore version of the already-good coupe. This new model is also tipped to be a limited-production car. The two-wheel-drive Gallardo was limited to just 250 units worldwide, and the same could be in store for this Huracan. Also, remember that Lamborghini does technically already make a rear-wheel-drive version of the Huracan: the LP 620-2 Super Trofeo racecar. What's more, Autocar says that Lamborghini could offer a rear-drive version of the topless Huracan LP 610-4 Spyder. Seems like an easy thing to do, especially if this RWD Huracan is, in fact, a more powerful, lightweight take on the entry-level Lambo. We'll know more during the Los Angeles Auto Show festivities, which kick off in just two weeks. Related Video:

Lamborghini to celebrate 50th Anniversary with new model

Lamborghini is planning to roll out a new car for the brand's 50th anniversary. Automotive News Europe reports the Italian automaker will unveil a special one-off machine to commemorate the date next year. CEO Stepahn Winkelmann has been tight-lipped about the vehicle, saying coyly, "It will not be a revival or a retro." Fortunately, with 2013 right around the corner, we shouldn't have to wait long to see what Lamborghini has up its sleeves for the special car.
The company has other big plans for the celebration and has reportedly invited owners to ship their cars to Milan, where they will then parade through Tuscany, Rome and Bologna before arriving at the Lamborghini factory in Sant'Agata Bolognese.
It's a good time for a party. Lamborghini has seen strong sales through 2012 despite the faltering European economy, and the Aventador coupe and roadster each have an 18-month waiting list.