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Pininfarina teases its Tesla- and Bugatti-baiting EV supercar

Pininfarina isn't being bashful when it comes to getting into the car business. The Italian design house has revealed a sketch of the PF0 Concept, an electric supercar aimed directly at the world's fastest and most expensive vehicles. With upward of 1,000 horsepower, along with an expected price in the millions of dollars, this extreme EV is meant as a calling card for Pininfarina's upcoming range of electric cars and SUVs. So should the likes of Tesla, Porsche, Ferrari, Bugatti and Lamborghini be worried? Pininfarina might be new to building its own cars, but the company has many decades of experience designing and engineering some of the most desirable cars of all time — including many of the finest supercars to have worn a Ferrari badge on their nose. As we reported earlier this year, Pininfarina has teamed with Indian auto manufacturer, Mahindra, to develop a range of high-end EVs. With this roughly $500 million investment, not to mention some engineering help from Croatian supercar manufacturer, Rimac, Pininfarina aims to start high. The company will first introduce a hypercar, based on the PF0 Concept, within two years, then bring along a range of more affordable electric cars and SUVs. These will more directly take on the likes of Porsche Cayenne, Lamborghini Urus, and Tesla Model X. So yes, if you're in the business of building expensive cars, especially ones with a lot of batteries positioned inside them, Pininfarina's plans for the PF0 (that's a zero, not the letter "O," by the way) should make you sit up and take notice. "Automobili Pininfarina is a pioneering new business created to service the most discerning clients in the world," said Michael Perschke, CEO for Automobili Pininfarina. "Our product portfolio will launch with an innovative, zero-emissions hypercar that represents the progression we aim to make at the pinnacle of the luxury and sports car market." According to its press release, Pininfarina is currently presenting its "business and product plans to prospective retailer partners, clients and media in New York this week." After its tour of the Big Apple, look for Pininfarina to officially reveal the PF0 Concept during Monterey Car Week in August. Related Video: Design/Style Green Bugatti Lamborghini Porsche Tesla Electric Future Vehicles Luxury Performance Pebble Beach supercar mahindra hypercar Rimac

Aventador sales drive record revenue at Lamborghini

Let it never be said that there isn't money to be made selling high-end exotic sports cars. Last month Ferrari revealed that it had recorded record profits despite selling fewer vehicles than the year before. Now arch-rival Lamborghini has reported record revenue.
For the 2013 fiscal year, Lamborghini has announced that its revenue has increased for the third year straight - rising from 469 million euros last year (just short of $650 million at today's rates) to a record 508 million euros (over $703 million). Lamborghini reports that it has reinvested 20 percent of that turnover back into R&D.
The increased revenues come despite having discontinued its top-selling model, the Gallardo, which wound up its ten-year production run back in November to make way for the new Huracán. The increased revenues came from a higher proportion of Aventadors sold, a rise of 9 percent from 922 units in 2012 to 1,001 in 2013, representing a record for V12 models sold in the company's history and a waiting list of 12 months for a new Aventador.

How to drive a Lamborghini Huracan off-road

Lamborghinis may come with all-wheel drive, but they're hardly made for off-roading. At least not the type the LM002 was made for and until the new Urus arrives. But one driver Down Under evidently had his own idea of what the Huracan could handle. During the second day of this year's the Targa Tasmania rally, Tony Quinn left the road in his ten-cylinder Lambo and jumped a dirt embankment. The Scottish-Australian pet-food magnate claimed the stunt was deliberate, as you'll hear him explain in colorful language at the beginning of the video above. It's definitely not the fastest way around the corner, but Quinn hits the dirt too hard to look like an accident. Still, we're glad he did it in front of the camera purely for our viewing pleasure. Reviving the spirit of legendary road rallies like the Targa Florio and Mille Miglia, the Targa Tasmania has been held on the Australian island for over two decades. Quinn won the five-day event twice – in 2009 and 2011 – behind the wheel of a Nissan GT-R. Both Godzilla and the preceding Gallardo have claimed the checkered flag in Tasmania four times each, coming second only to the Porsche 911 that has won nine times. Quinn and his co-pilot Naomi Tillett are competing in the GT4 category this year and currently sit fourth in the class standings. Related Video: News Source: Highlands NZ via YouTube, Motor Motorsports Lamborghini Supercars Videos targa tasmania