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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.

Lamborghini Huracan replacement reportedly gets twin-turbo V8

Lamborghini is planning on electrifying its entire lineup by the end of the 2020s. One of the hybrid models in the pipeline is a supercar that will replace the popular Huracan. Its name hasn't been revealed yet, but an unverified report allegedly outlines what it will be powered by. Without citing sources, Motor Trend wrote that the Huracan's successor will downsize from a naturally-aspirated V10 to a twin-turbocharged V8. If true, that's a big deal: Lamborghini has proudly eschewed forced induction for its line of supercars, and the only turbocharged member of its lineup is the Urus SUV. The eight-cylinder will reportedly be related to the unit that powers the Urus, but the two engines won't be identical. Motor Trend learned that the turbos will be programmed to spool up between 7,000 and 10,000 rpm, which is high in the rev range. An electric motor installed between the V8 and the transmission will add a hybrid component to the drivetrain, though figures such as horsepower and torque haven't been published. An earlier report pegs the total output at 850 horsepower, but it's not official. We also don't know if the car will be a standard hybrid or if it will get a plug-in system, and whether it will use mechanical or through-the-road all-wheel-drive. Motor Trend believes that the model will be longer than the Huracan to accommodate the electrified parts of the powertrain, however, and we're curious to find out how Lamborghini will offset the hybrid system's mass. The battery pack and the motor will inevitably add weight. Lamborghini hasn't commented on the rumor, and it hasn't revealed what will power the Huracan's successor. In fact, it's not done with the Huracan: the final road-going version of the car is due out by the end of 2022 as a hot-rodded off-roader (we're not kidding!) called Sterrato. Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

Italy to offer Lamborghini 100 million euros to build Urus

The Lamborghini Urus' prospects for production may have just received the impetus they need as the Italian government is preparing to offer significant incentives to produce the high-end SUV in the country. According to a report from Bloomberg, Prime Minister Matteo Renzi's government is prepared to extend as much as 100 million euros (approximately $112 million) – but not in cash. That'd be a bit much for the borderline bankrupt national government. Instead the motivation is reportedly being offered in the form of tax breaks and other such incentives. In exchange, Lamborghini would pledge to hire 300 new workers to build the crossover. The Urus, for those who may not recall, was a crossover concept which Lamborghini presented way back at the 2012 Beijing Auto Show. We caught a closed-door glimpse of it in New York shortly before its debut and saw it again in Monterey the following summer. Ever since, the Bolognese automaker has been petitioning its patrons at Audi and Volkswagen to give it the green light, but the Germans have been dragging their feet at the prospect of investing the necessary capital to pull it off. Lamborghini is reportedly hoping to get a final decision next month, and the government incentives could help it make the business case to its parent company. While the Italy's terms would require final assembly to take place in that country, much of the work could end up being done at the same plant in Bratislava, Slovakia, where the Volkswagen Touareg, Audi Q7, and Porsche Cayenne are built. Bentley is expected to undertake a similar process for its new Bentayga, with assembly to be finalized in the UK. Related Video: Featured Gallery Lamborghini Urus Concept: Monterey 2012 View 10 Photos News Source: BloombergImage Credit: Copyright 2015 Drew Phillips / AOL Earnings/Financials Government/Legal Plants/Manufacturing Lamborghini Crossover Performance tax incentives