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Volkswagen Group names Paefgen head of classics program

You may remember the name Franz-Josef Paefgen. Until recently, the German engineer and executive was head of both Bentley and Bugatti. Before that he was chief executive of Audi, after working for several years at Ford. He technically "retired" earlier this year, but like the cars he helped create, an executive like Paefgen could never really retire. So it should come as little surprise that the Volkswagen Group has named Dr. Paefgen head of its Classic program.
In his new capacity, Paefgen will oversee the historic automobile activities of the entire VW Group, including those of Volkswagen, Seat, Skoda, Audi, Lamborghini, and of course Bentley and Bugatti. It strikes us as a suitable semi-retirement for the man responsible in no small part for the Bugatti Veyron and Bentley Mulsanne, to name just two, and who was decorated in 2006 by the ACO as the "Spirit of Le Mans" for his contribution to endurance racing. Read the official announcement after the break.

Transformers: The Last Knight promises a Lamborghini Centenario and lots of explosions

The director of the Transformers series, Michael Bay, took to Twitter to reveal the trailer for the latest installment, Transformers: The Last Knight. Based on the trailer, it looks like the film will likely deliver everything Transformers fans of the series enjoy, including big explosions, big robots, and most interesting for us, cool cars. Although this particular trailer is a little light on the car action, careful examination reveals some nifty machines. There will be at least a few massive International trucks painted in drab military colors. We also spotted a new Mustang in police livery. The most exciting ride we spotted, though, is a Lamborghini Centenario – the $2.5 million limited-run supercar – tearing through what looks like London. Bumblebee also makes an appearance, though not in his custom Camaro form. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Speaking of Bumblebee, it looks like he, and pretty much everyone else in the film, is going to have a rough time. The trailer shows that Earth is without Optimus Prime now, and his body is shown floating through space. In the meantime, some object has come to Earth, and it appears to have started a fairly massive war between humanity and, we're guessing, the Decepticons. Optimus Prime does eventually return, but he seems to have become an enemy, and is fighting Bumblebee at the end of the trailer. However, the leader of the Autobots going bad is probably the least confusing part of the trailer, as it starts showing knights fighting a dragon, and then segues into clips of Nazi Germany, all before actually getting to the present day. We should get some answers when the film hits theaters on June 23, 2017. Related Video: News Source: Michael Bay / Twitter via VarietyImage Credit: Paramount Pictures / YouTube Celebrities TV/Movies Lamborghini Coupe Supercars Videos movie trailer lamborghini centenario

Rare early Lamborghini Countach sells for record $1.2 million

Lamborghini may have made headlines with the highly exclusive, $4.5-million Veneno and the even more expensive Veneno Roadster that followed, but when it comes to classics sold at auction, their prices seldom approach the kind of figures attained by rare classics made by arch-rival Ferrari. Early 350 GTs and rare Miuras (like the SV prototype Gooding sold a few years ago for a record $1.7 million) have been known to breach the seven-figure mark, but now the Countach is making its way into the big leagues as well.
Pictured here is a rather exceptional early example sold by Bonhams in Connecticut last week. This 1975 Lamborghini Countach LP400 "Periscopica" - so dubbed for the unique rearview mirror fitted to the first 150 examples made - has just over 10,000 miles on the odometer. With flawlessly retouched Blu Tahiti (read: French racing blue) paint and an immaculate deep tan leather interior, the Periscopica was the subject of feverish bidding before selling for $1.2 million to a buyer present at the auction, beating out a dozen or so telephone bidders.
The record price for a Countach trumps the previous record, also set by Bonhams at the Quail Lodge last August, where another '75 Periscopica sold for $836,000. The rising prices surely reflect the coming of age for the Countach, now nearly 40 years since its introduction - particularly for the generation that grew up idolizing it as the prototypical supercar. Scope it out in the artful gallery of 76 high-resolution images above and the details of the auction below.