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Volkswagen may 'carve out' Lamborghini to list on the stock exchange

FRANKFURT — Volkswagen is drawing up plans to set up Lamborghini as a more independent unit, and is discussing long-term supply deals that could make it easier to list it on the stock exchange, two sources familiar with the matter told Reuters. "Volkswagen is in the process of carving out Lamborghini, and to organize future supply and technology transfer deals," one of the sources familiar with the matter told Reuters. The Italian sportscar brand, which is currently a division of Audi, could be partially listed, with Volkswagen retaining a controlling stake, the first person familiar with the talks said. There is no formal decision to divest Lamborghini, a second source said, adding that the timetable of any deal remained unclear. "This is a first step which gives VW the option to list the unit further down the line," the second source told Reuters. A third source familiar with the discussions said the future of Bugatti, Lamborghini and Ducati was discussed during a supervisory board meeting last Friday. The possibilities for how to electrify the Lamborghini and Bugatti brands through partnerships and investors was discussed, the third source said. Bankers and potential cornerstone investors in an IPO have been approached by the carmaker, the sources said. Volkswagen declined to comment. Volkswagen Group's Chief Executive Herbert Diess on Wednesday said the carmaker will announce "important steps" about the company's future before the close of the year. Volkswagen is reviewing what role its high-performance brands Lamborghini, Bugatti and Ducati will play within the multi-brand carmaker as part of broader quest for more economies of scale, senior executives told Reuters. A global clampdown on combustion-engined vehicles has forced carmakers to accelerate development of low-emission technology for mainstream models, leaving Volkswagen managers struggling to find resources to electrify low volume sportscar models. Related Video:

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:

2025 Lamborghini Urus to drop gas-only model, go PHEV-only

After introducing the first hybrid to the brand this year in the Revuelto, Lamborghini's transformation takes two more big steps next year. Autocar reports that toward the end of 2024, the Urus will switch to a PHEV-only powertrain. We've known for a while there was an electrical cord headed to the Urus' flanks, but we didn't expect Lamborghini would give up the pure ICE variant. Brand honcho Stephan Winkelmann confirmed to Autocar the engine will be a twin-turbo 4.0-liter V8, but didn't give output figures. A 2021 report in Car magazine — back when the purported Urus PowerHybrid was due in 2022 — predicted the engine in question is coming from Porsche and would produce about 660 horsepower and 660 pound-feet of torque. The horse count would rise with help from a 168-hp electric motor in the transmission. However, the gearbox's internals wouldn't allow any more than 660 lb-ft. That's still a perfectly fine number; the 6.5-liter V12 and three electric motors in the new Revuelto "only" throw a combined 783 lb-ft. Today's Urus romps with a twin-turbo 4.0-liter V8 making 657 horsepower and 627 lb-ft. in both S and track-focused Performante trims. Theoretically, the Urus PHEV could crank that to about 830 hp and 660 lb-ft. The additional power would be partially offset by additional weight, as much as 551 pounds if Car is correct. This SUV would carry on until 2029, when an all-electric version ushers in a second generation. The Lamborghini Huracan successor is expected to debut before the PHEV Urus but go on sale about the same time as the Urus. Since that successor will use an adapted version of the engine headed to the Urus mated to the transmission in the Revuelto, we expect the release of vital details to begin as soon as the new baby coupe makes its introduction, thought to be around next spring.  To hear Winkelmann talk, we're ruminating now on the last hurrah of old-school, visceral, ICE-powered Lamborghinis. The brand has a high-riding battery-electric 2+2 GT penned in to debut in 2028 with about 300 miles of range. That will be the next big sign of things to come. He told Autocar, "You go with the most difficult legislation, which is the US, and is really California. Other states adopt CaliforniaÂ’s rules — typically big cities and thatÂ’s where we sell cars. ... Even if it [legislation] is not banning EVs, taxation will be a killing factor.