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Lamborghini Miura SV burns to the ground in London

If there's one thing Italian supercars seemingly love more than moving quickly, it's being on fire. That even applies to iconic machinery like the Lamborghini Miura SV, one of our personal favorite exotics of all time. One such Lamborghini owner just witness their machine go all flambé during a photo shoot in London. Details are scarce at the moment, but it looks as if something went awry in the engine bay.
You can watch the disaster in the video below, but just make sure your stomach is well prepared for the nauseating sight. Nothing's worse than watching $700,000-worth of gorgeous collector car go up in smoke.

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.

Valentino Balboni thinks the Miura greatest Lambo ever

Valentino Balboni spent 40 years at Lamborghini, a few years as a mechanic's apprentice at the beginning, then as a test driver at the request of old man Ferrucio himself. He is embedded in the brand, said to have driven 80 percent of the company's entire production until he retired in 2009. He has ridden and tamed so many bulls that they named one after him, the 2010 Lamborghini Gallardo LP550-2 Valentino Balboni, and even made it rear-wheel drive because that's how he likes it. Balboni spoke to Road & Track in advance of an auction in New York on November 19 that will see a 1969 Miura P400S go on the block. A fixture from the days when mad men weren't merely characters on a television show, Balboni discusses taking customers for test drives, being sent on warranty calls, his favorite car, and why there will never be another one like it. Head over to RT to read the full interview from the man who helped make the original Countach, and therefore Lamborghini, what it is today. And in case you want in on the action, the pre-sale estimate for the centerpiece Miura is $800,000 to $1.6 million. Related Video: