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VW Group plan puts Porsche in charge of a 'super-premium' division

An Automobile report looks into what's happening on the organizational and technical sides of the Volkswagen Group, and what those changes could mean for the premium brands. The wide-angle view is that Porsche appears to have been anointed to "coordinate the future activities" at Audi, Bentley, Bugatti and Lamborghini. Audi would cede Lamborghini guardianship to Stuttgart, and Ducati — via a new concern called Ducati Enterprises — would become the shepherd for VW's other Italian investments. Executives target Jan. 1, 2019, to complete the reshuffle. VW wants to save a boodle by tying up four of its five top-tier brands, and putting the one with the highest ROI in charge. Porsche, within its own house, wants to reduce expenditures by $2.3 billion per year over for four years, the savings already earmarked for improving internal processes like R&D and production. Having Porsche share those gains as well as lead development of platforms, components and future-tech strategies for the sister sports car brands could benefit everyone. In the near-term, the brands have their own plans: Bugatti CEO Stephan Winkelmann is said to want a Chiron Superleggera, a roofless and "completely reskinned" Chiron Aperta, and a track-only Chiron SS. The Superleggera could take the Chiron Sport's and Divo's Jenny Craig routines even further. The Aperta seems a natural successor to the Veyron Grand Sport, a natural evolution of the recently introduced Sky View roof, and a reskin might include numerous Divo cues. It's also said Bugatti's considering "an all-electric high-end model" in conjunction with Porsche, Rimac, and Dallara, but name one supercar or hypercar manufacturer that isn't considering a lightning-fast EV. Lamborghini, deep into work on follow-ups for the Huracan and Aventador, might get a bit of a bump with the new plan. The carbon "monofuselage" for the next V12 flagship is said to be too far developed and too complex to scrap. It puts two electric motors on the front axle, batteries in the middle, and a naturally aspirated V12 with around 770 horsepower plus another e-motor with 402 horsepower in back. The Huracan is said to get a version of the same carbon architecture at the moment, but the corporate reorganization might press pause on it. Automobile says options include continuing the Huracan/ Audi R8 twinning, but that depends on Audi saying "Ja" to a third-gen R8 with Lamborghini bones.

Florida Man accused of buying Lamborghini with coronavirus relief funds

We'll preface this by saying that when things work as they're meant to, we don't hear about them. When it comes to the Paycheck Protection Program, created as part of the CARES Act in March to provide loans to businesses to pay employees during the coronavirus lockdown, that means many jobs were saved but we also get stories of honest businesspeople unable to get loans or blackguards abusing the program. This story is the latter. David T. Hines, a 29-year-old Miami man with four businesses, applied for PPP funds in May. He received about $3.9 million in loans, and blew about $500,000 of that before the government began investigating and his bank froze his accounts. Instead of applying for loans to cover monthly expenditures of about $200,000 among his four moving-related companies, the feds say, Hines' four applications through Bank of America claimed combined monthly expenses of $4 million to pay 70 employees. BofA approved three of the four submissions. After the government made its first of three planned deposits of $3,984,557 into Hines' Bank of America account, Hines continued requesting more money, authorities say, ultimately seeking $13.54 million.  The spending began almost immediately after the PPP disbursement. As far as the government could tell by going through Hines' records, none of the money was spent on employees who "either did not exist or earned a fraction of what Hines claimed in his PPP applications.” Instead, officials say, Hines picked up a blue Lamborghini Huracan Evo for $318,497. He paid a person he listed as "Mom" $60,000. Saks Fifth Avenue got another $4,000. In June, $8,500 went to the Graff jewelry boutique, and $7,000 went to Miami's Setai hotel. The disbursement problem has arisen because the Small Business Administration that backs the PPP loans doesn't verify the claims in the applications, according to Assistant U.S. Attorney Michael Berger. How did Hines get caught, then? He got into a hit-and-run accident in his blue Lamborghini in July, and Miami police impounded the car. That eventually attracted investigation from no less than six governmental departments: the FDIC-OIG, USPIS, IRS-CI, the SBA-OIG, the Board of Governors of the Federal Reserve System, and the Bureau of Consumer Financial Protection-OIG. The U.S.

2015 Lamborghini Aventador LP 700-4 Roadster Review

"Lamborghini Murcielago." That's what I would tell anyone who asked what my favorite car was. Yes, there were easier cars to drive than the wailing wraith from Sant'Agata Bolgnese, and that was partly why I liked it so. It was impossible to see out the back – reversing was easiest done with the door open, sitting on the sill. My head banged the door frame when I checked traffic on the left. The seat made my butt hurt. The cabin ergonomics were based on a design language that humans haven't yet translated. It boiled over in stop-and-go traffic. It was big. Yet it drove like nothing else, with the instant zig-zag reflexes of a mako designed in The Matrix. The Murcielago's thrills weren't laid out on the ground, you had to dig for them with your bare hands. And that's what made it outstanding. When I first drove the Aventador at its launch in Rome, I spent the day blasting around the circuit at Vallelunga. It was so easy to drive – "too easy by half," as Jeremy Clarkson would later say of it – viciously quick, unholy fun, and very good. But it was a little too easy to drive. Which is why the Murcielago remained my favorite car, ever. Until two weeks ago. The Aventador came when the rough-diamond Gallardo was Lamborghini's in-house reference for ease-of-use. But now we have the fire-and-forget Huracan. Having driven one after the other, and on the context of LA streets instead of the smooth and open landscape of Vallelunga or Laguna Seca, I now see the Aventador for what it truly is: the representation of the bull that's on the Lamborghini badge – head-down, horns-out anger. Like the Murcielago, the Aventador is big. It's more than ten inches longer than a Chevrolet Corvette, five inches wider than a Dodge Charger SRT Hellcat, and 3.5 inches wider than a Dodge Viper. It is also low, an inch lower than the already ground-floor Huracan. I won't pretend to be rational about it: the Aventador says everything I want a car to say. It's the certain, antidotal statement to brief and befuddled everyday lives. The cabin is a cockpit in every sense: close-fitted, button-filled, lit up. I'm five-foot-eleven, and I wear it like a tailored suit. I gave a ride to a guy who's six-foot-three and perhaps 260 pounds, so it can fit much larger frames but I still don't know how he got in or out through that scissor-door opening. The trunk in the Murcielago was big enough to hold a single dream.