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As VW electrifies, it questions the role of Lamborghini, Bugatti, Ducati

FRANKFURT — Volkswagen needs to change to stay relevant in the electric and digital vehicle era and will announce "important steps" to that end before the close of the year, Chief Executive Herbert Diess said on Wednesday. "Volkswagen needs to change: From a collection of valuable brands and fascinating combustion-engine products that thrill customers with superb engineering — to a digital company that reliably operates millions of mobility devices worldwide," Diess told shareholders at the company's virtual general meeting. Vehicles need to stay in contact with customers, offer new services and comfort functions on a weekly or even daily basis, he said. "We will take further important steps to set the course for this in the rest of 2020," Diess said. Senior executives told Reuters the company is reviewing what role its high-performance brands Lamborghini, Bugatti and Ducati will play as the company increasingly focuses on electric, digital and autonomous vehicles. Volkswagen, which also owns VW, Audi, Porsche, Seat and Skoda, is looking at whether it has the resources to accelerate development of electric platforms for smaller brands at a time it is investing billions to transform its more mainstream cars. Asked whether Ducati, which is known for making noisy combustion-engined motorbikes, has an electric future, Markus Duesmann, who oversees research and development for the group, said: "It will not take long until we see an electric Ducati." Whether Ducati, which is a medium-sized premium motorbike brand, would offer an electric variant, depends on whether a bike could offer range comparable to a combustion-engined variant, Duesmann said. Advances are being made in battery technology which could make this possible, he added. Separately Frank Witter, the company's chief financial officer, in response to a question about whether a sale of Lamborghini is planned, said Volkswagen does not comment on speculation about potential divestments. Lamborghini's Chief Executive Stefano Domenicali this week announced his departure from the sports car maker to take on a new job as president of Formula One. VW needs cash Volkswagen is reviewing the future of these three high-performance brands as part of broader quest for more economies of scale as it shifts to mass producing electric cars, senior executives told Reuters.

Barn-find 1969 Lamborghini Miura S headed to auction for its 50th birthday

Car collectors who have caught barn find fever show no sign of healing from it anytime soon. An unrestored, barn-found 1969 Lamborghini Miura S will sell for big money when it crosses the auction block in the fall of 2019, and it might return to the road in time to celebrate its 50th birthday. Auction house RM Sotheby's explains the Miura S it will sell in London on October 24 has only covered a little bit over 10,000 miles since it rolled off the assembly line in Sant'Agata Bolognese, Italy. German advertising executive Walter Becker purchased the car in 1971, according to CarBuzz, and sold it to racing driver Hans-Peter Weber in 1974. He drove the Miura, maintained it, and went to great lengths to keep it original until he died in 2015. It has been parked in a German barn since, so it's a freshman barn find that likely doesn't need a ton of work to once again move under its own power. We'd be more worried if it spent 25 years in a barn. The front turn signals aren't original, and the seatbelts are aftermarket units, but the rest of the car is 100% authentic. Its body has never been repainted, the seats have never been re-upholstered, and the 365-horsepower, 3.9-liter V12 engine has never been opened. It's complete, and there are no signs of obvious damage or neglect. We've seen 10-year old supercars in worse shape than this one. The Miura is one of the most sought-after 1960s Italian cars, only 338 examples of the S variant were made from 1968 to 1971, and finding an unrestored example that hasn't been completely destroyed by people, rust, or both is rare. RM Sotheby's expects the 1969 model scheduled to cross the block in London will sell for anywhere between 800,000 and one million British pounds, sums that represent $965,000 and $1.2 million, respectively. We'd get the V12 running, keep the rest original, and enjoy it, but the next owner might be tempted to give it a full restoration, especially now that Lamborghini sells a full catalog of Miura parts via its Polo Storico division. Featured Gallery 1969 Lamborghini Miura S barn find View 18 Photos Auto News Lamborghini Performance Classics

Lamborghini Gallardo ready to tow your Home Depot load

It's possible the Lamborghini Gallardo would have had an even grander reputation as an everyday exotic if more people had used it to tow trailers and lug home-renovation materials from store to workshop. That's what Canadian channel Canal Vie did to promote its new renovation show, strapping a couple of two-by-fours and a roll of insulation to the roof, and hooking up a trailer to the back of a second-generation Gallardo. The promotion had its intended effect. How could it not? People stare at a Gallardo even when it isn't hauling. With 398 foot-pounds of torque at its disposal, we wonder if you could slip a fifth-wheel on it...