2007 Lamborghini Gallardo Spyder Convertible 2-door 5.0l on 2040-cars

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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.

Leno's Lamborghini Espada is a freshly restored super-wagon

To give you a sense of why we love Jay Leno, outside of just his taste in cars and ability to preserve so many of them, is that he didn't always have a massive warehouse full of exotics. At one point during his 30-year ownership of this 1969 Lamborghini Espada, it was his only car. Now it has somewhere north of 100k miles on it (he doesn't know exactly because the odometer stopped working at one point – go figure!), and it's still driving great. Leno claims he have it a mechanical refresh about 10 years ago, mostly to clean up some dodgy wiring, and it is fresh out of a cosmetic refresh to address some rust bubbles in the quarters. The V12 is healthy – Leno credits that to letting it warm up before setting off – and it sounds phenomenal. Other than some minor upgrades, like a modern air conditioning system and some added sound insulation, it's mechanically stock. Inside, there's plenty of room for four adults, and Leno's large frame fits just fine in the driver's seat. The Espada set Leno back $26,000 in 1986, when he considered buying a Ferrari 330 GTC. The Ferrari was $2,500 more, so he picked the Lamborghini. Now, that 330 GTC is a $1m+ car, and the Espada? Not so much, although they are appreciating. Don't cry too much for Leno, he turned out all right. Just enjoy the Espada ripping along in sunny California, making all the right noises. Celebrities Lamborghini Wagon Classics Videos Jay Lenos Garage lamborghini espada

Lamborghini owner forgives teen for using car as a bike ramp

A teenager in Singapore got off shockingly easy after he was caught on camera riding his bike across the hood of a Lamborghini last week. According to The New Paper, Izzadnaff Abdul Qusyairl was on his way to play some games at a local arcade in Bedok, Singapore, when he saw a bright yellow Lamborghini Gallardo parked outside of Bedok Stadium. Being a dumb teenager, Izzadnaff decided to pull a stunt he saw on YouTube. Izzadnaff rode his bike up the hood and over the top of the Lambo. Unfortunately for him, the Lambo's dashcam was on and caught him in the act. The Lambo's owner, Aaron Keder, uploaded the footage to Facebook, kicking off an internet manhunt for the young cyclist. Qusyairl's mother got wind of the situation and quickly took matters into her own hands by first giving her son a stern talking to and then contacting Keder through a mutual friend. "Izzadnaff is usually obedient. I don't know what happened to him that day," she told New Paper. "He was very afraid to admit to his mistake after that, but I told him that he had done something wrong, so he had to stand up and admit his mistake." Thankfully, Keder seemed to have a good sense of humor about the incident and agreed to sit down with the abashed teen and sort the situation out. "I met the family on Sunday afternoon and we have resolved the issue," said Keder. "All I wanted was an explanation from the boy and to know how he felt when he went on top of my car. I also wanted him to know that what he had done was wrong and not to repeat it."Related Video: Image Credit: Caddy Viral / YouTube Auto News Weird Car News Lamborghini singapore stunts bmx lambo gallardo