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As VW electrifies, it questions the role of Lamborghini, Bugatti, Ducati

FRANKFURT — Volkswagen needs to change to stay relevant in the electric and digital vehicle era and will announce "important steps" to that end before the close of the year, Chief Executive Herbert Diess said on Wednesday. "Volkswagen needs to change: From a collection of valuable brands and fascinating combustion-engine products that thrill customers with superb engineering — to a digital company that reliably operates millions of mobility devices worldwide," Diess told shareholders at the company's virtual general meeting. Vehicles need to stay in contact with customers, offer new services and comfort functions on a weekly or even daily basis, he said. "We will take further important steps to set the course for this in the rest of 2020," Diess said. Senior executives told Reuters the company is reviewing what role its high-performance brands Lamborghini, Bugatti and Ducati will play as the company increasingly focuses on electric, digital and autonomous vehicles. Volkswagen, which also owns VW, Audi, Porsche, Seat and Skoda, is looking at whether it has the resources to accelerate development of electric platforms for smaller brands at a time it is investing billions to transform its more mainstream cars. Asked whether Ducati, which is known for making noisy combustion-engined motorbikes, has an electric future, Markus Duesmann, who oversees research and development for the group, said: "It will not take long until we see an electric Ducati." Whether Ducati, which is a medium-sized premium motorbike brand, would offer an electric variant, depends on whether a bike could offer range comparable to a combustion-engined variant, Duesmann said. Advances are being made in battery technology which could make this possible, he added. Separately Frank Witter, the company's chief financial officer, in response to a question about whether a sale of Lamborghini is planned, said Volkswagen does not comment on speculation about potential divestments. Lamborghini's Chief Executive Stefano Domenicali this week announced his departure from the sports car maker to take on a new job as president of Formula One. VW needs cash Volkswagen is reviewing the future of these three high-performance brands as part of broader quest for more economies of scale as it shifts to mass producing electric cars, senior executives told Reuters.

Veneno Roadster, One:1, One-77, LaFerrari, P1, Veyron headline 25-car Bonham's auction

Bonhams is holding a no-reserve auction in fall 2019 that includes some of the most valuable and sought-after supercars of the past decade. The lot of 25 beautiful collector items includes a Lamborghini Veneno Roadster, a Koenigsegg One:1, an Aston Martin One-77, a Ferrari LaFerrari, a McLaren P1, and a Bugatti Veyron. The collection, which was seized from a corrupt politician from Equatorial Guinea, is valued at roughly $13 million. If selling off future classics that are still in their infancy as collector items seems strange, it's because this is not a straightforward situation. These cars will be sold off by the State of Geneva, not a person. The collection was previously owned by the vice president of Equatorial Guinea, Teodoro Obiang, but the cars were seized when he was placed under investigation for money laundering and unfair management of public interests. These 25 cars, which were located in Geneva, were first sequestered in fall 2016. A trial court ordered them sold off, and the money earned from the sales would be invested in social programs that benefit Equatorial Guinea. And so, Equatorial Guinea is about to see an influx of cash, as every vehicle is valued in the hundreds of thousands, if not millions, of dollars. The rarest might be the Koenigsegg One:1. One of only six remaining, it has 371 miles on the dial, and is valued at roughly $1.8 million. The Lamborghini Veneno Roadster, one of nine in the world, is a close second. It has 202 miles logged, and is valued at about $5.1 million. The Aston Martin One-77 is another rare bird. It is example No. 35 of 77, holds a 7.3-liter V12 engine, and is valued at about $1.4 million. A McLaren P1, Ferrari LaFerrari, and Bugatti Veyron 16.4 round out the top of the list. The remaining cars are not fully detailed, but they include examples from Mercedes-Maybach, Bentley, Maserati and Porsche. The auction will take place on Sunday, Sept. 29, at the Bonmont Golf & Country Club near Lake Geneva. For more photos and information, visit Bonhams.

188,000-mile Lamborghini Huracan from Las Vegas rental fleet listed for sale

If you're shopping for a Lamborghini Huracan, you're far more likely to find a low-mileage example than one that has covered the planet's equatorial circumference nearly five times. There is a notable exception to this rule looking for a new owner in Las Vegas, unsurprisingly, and the seller says nearly 2,000 people have driven it. Houston Crosta, the seller, told Car & Driver the 2015 Huracan was the first car he bought when he founded a business named Royalty Exotic Cars that specializes in renting high-end, high-horsepower machines to Vegas tourists who want to up their bling. If you've visited Sin City recently, you may have seen this wedge-shaped bull racing up and down The Strip. Crosta estimated about 1,900 renters have put an incredible 188,000 miles on the Huracan in five years; that's 302,000 kilometers, if you're more comfortable with the metric system. Either way, it's a lot. If rental-car miles are the automotive equivalent of dog years, rental supercar miles in Las Vegas are like putting wear-and-tear on fast-forward. And yet, Crosta claims the Huracan has been surprisingly reliable. He had to replace the seven-speed dual-clutch automatic transmission at about 180,000 miles but otherwise did "nothing but oil changes and basic service." Even the interior seems to have held up. Crosta's other exotics haven't fared as well. He has also owned a Lamborghini Aventador that somehow ended up on fire, a Ferrari 458 which went through seven transmissions, and a McLaren 650S that also met a fiery end. Speed enthusiasts who want to scratch their gambling itch without traveling to Las Vegas can buy the Huracan, which is listed for $130,000 on eBay, and try to take it beyond the 200,000-mile mark. Whether it's worth that is debatable; Crosta has received offers in the vicinity of $100,000 and shot them down, according to Car & Driver. In comparison, a 2015 Huracan with under 10,000 miles is worth between $180,000 and $200,000.