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Lamborghini rules out sub-Huracan sports car

There is a kind-of-new segment emerging in the sports car market: an area in between vehicles like the Porsche 911 Carrera and supercars like the Ferrari 488 GTB or Lamborghini Huracan. It's a space recently defined by the Audi R8 and Porsche 911 Turbo, with some newcomers rushing in. McLaren joined in with the 570S and Ferrari is tipped to be looking at a new six-cylinder Dino revival. But Lamborghini isn't in any rush participate. At least not for now, and not with a completely new model. Speaking with Car and Driver during the New York Auto Show, Lamborghini chief Stephan Winkelmann said you can "never say never" about anything in this business, but that the prospect a more accessible sports car underneath the Huracan is not currently on the table. Winkelmann pointed towards pricing and volume considerations, but we imagine there's more to it than that. The Volkswagen Group of which Lamborghini is part already tackles that segment with the aforementioned Audi R8 and Porsche 911 Turbo, and while the German giant has never shied away from flooding a market segment with overlap from its various divisions, the R8 and the Huracan are already closely related. The Lambo chief did hint that decontented versions of the Huracan could fit the bill, though. Sant'Agata's ten-cylinder model currently starts at $237,250, but the previous Gallardo started at $191,900 before it was phased out. That was for the less powerful, rear-drive LP 550-2, which could hint at a successor under the Huracan's umbrella. And that's just $7k more than McLaren will be asking for the 570S. Aside from the prospect of a cheaper Lambo, Winkelmann also told C/D that the Asterion hybrid concept was strictly a technological demonstrator with no chances of production, that the Urus crossover project is still on the table, and that the supercar market isn't growing as fast as you might think. Related Video:

Reiter Extenso R-EX shows Gallardo's still got it

Lamborghini is moving on from the Gallardo to the new Huracan, and with it, is taking its racing program in house. But the Bolognese marque's longtime racing partner Reiter Engineering has a thing or two to say about that, and is showing what it can still do with an old platform by introducing the new Gallardo Extenso R-EX. Designed to comply with GT3 regulations, you can tell just from looking at it that Reiter's new competition-spec Lambo is meaner and more aggressive than any version it's done before. Reiter widened the rear track by five inches to make it over 80 inches broad (the widest allowed under FIA GT3 regulations), cloaked it in carbon-fiber bodywork (to make it look more like the Murcielago R-SV the company built for GT1), fitted new camshafts (for a fatter torque curve) and Mahle pistons (for improved efficiency and reliability), and retuned the exhaust to give the fans something to cheer for. The result is an even more extreme take on the Gallardo than anything we've seen to date, and promises to give even the upcoming Huracan GT3 a run for its money in series like the Pirelli World Challenge, Blancpain GT Series and SRO GT Sports Club. Privateer racing teams will be able to get their hands on one for ˆ248,000 (a little over $300k) with the full confidence that Reiter's experience has to offer: To date the company has built over 100 racing cars that have gone on to win over 200 races and score some 400 podiums. The Bavarian company further claims that every one of those built since 2012 is still on its original engine. THE NEW REITER GALLARDO EXTENSO R-EX Wider, lighter, more powerful – the new REITER Gallardo EXTENSO Reiter Engineering develops a far-reaching evolution of the proven GT3 car as Lamborghini's official Gallardo GT3 partner and plans to enter the new racecar in the Blancpain GT Series, the US Pirelli World Challenge and the SRO GT Sports Club. The name reflects the aim: the Reiter Gallardo FL2 GT3 receives a far-reaching and comprehensive facelift, 'Extenso', just like the Spaniards would say. The innovations do not only include looks and sound, but also handling and engine: The rear of the Reiter Gallardo EXTENSO is significantly wider. The rear aluminium side panels are replaced by new carbon fibre rear quarter panels. At the same time, the rear axle track width is increased by a whopping 13 cm using new wishbones. As a result, the maximum...

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.