2008 Lamborghini Murcielago Lp640 E-gear New Tires Serviced! Bianco Isis White! on 2040-cars

Auto blog

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.

Dax Shephard, Lamborghini Super Trofeo racer?

Dax Shepard is no Paul Newman, nor even Patrick Dempsey, but he has a pretty cool gig mixed with plenty of acting and racing. While you might know him from Hollywood comedies like Employee of the Month and Hit & Run, the Michigan native now seems to be dabbling in road racing after competing in the Lamborghini Blancpain Super Trofeo North America, and to celebrate, Lamborghini has issued a new short video introducing Shepard and kicking off its new pro-am racing series.
Like many kids of the '70s and early '80s, Shepard's love of cars can be traced back to a Lamborghini Countach, and, fittingly, his first time road racing in a car happened to be in a Lamborghini - an experience he comically suggests would be like another sort of "first time" with Selma Hayek. In addition a few chuckles, the video posted below also gives us some of our first racing footage of the Super Trofeo North America's opening weekend at Lime Rock in early July, in which Shepard grabbed a third-place finish.

Tamara Ecclestone's Lamborghini has gone missing

A Lamborghini Aventador owned by socialite Tamara Ecclestone has disappeared from a garage in London where it was being serviced. The daughter of billionaire Formula One CEO Bernie Ecclestone reportedly purchased the car a couple of years ago from a dealer named Ziad Shawadi when she was dating businessman Omar Khyami. The supercar was put under Omar's name to secure a resident's parking permit, but it was registered to her Chelsea, London, address.
Tamara tried to sell the Lamborghini last summer after the couple split, but learned that her boyfriend had used the $400,000 exotic as collateral on a loan - and that set off a legal battle due for a hearing later this year.
But now the car has disappeared, and the culprits are alleged to be men working for Shawadi who have apparently repossessed it as a result of the outstanding loan. Ecclestone filed a complaint at a Notting Hill police station, but the authorities have said they won't be moving on this one. There has been no word on the fate of the parking permit.