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☆ COVID-19 fraudsters bought fancy cars, a Pokemon card - even a private island
▼ + stars: | 2023-11-10 | by ( ) www.cnbc.com time to read: +9 min

Patrick Parker Walsh is serving five and half years in federal prison for stealing nearly $8 million in federal COVID-19 relief funds that he used, in part, to buy the island. Instead, he's serving five and half years in federal prison for stealing nearly $8 million in federal COVID-19 relief funds that he used, in part, to buy Sweetheart Island. They potentially plundered more than $280 billion in federal COVID-19 aid; another $123 billion was wasted or misspent. They've created special "strike forces " to hunt down COVID-19 aid thieves and vowed not to give up the chase. A few weeks after Oudomsine applied for the pandemic aid, the government rushed him $85,000 to keep his non-existent business afloat.

Persons: Richard Lardner, Patrick Parker Walsh, Julio Aguilar, he's, fraudsters, Donald Trump, Ivanka Trump, James Brady, Trump, Alex Wong, Bob Westbrooks, Westbrooks, They've, Lisa Monaco, General Merrick Garland, Garland, David Weiss, Hunter Biden, Joe Biden, Drew Angerer, Konstantinos Zarkadas, Cartier, Zarkadas, Lee E, Price III, Price, Vinath Oudomsine, Oudomsine, Mickey Mantle, Dudley H, Bowen, Patrick Walsh's, Walsh, Jamie Lovemark, Kevin Lamarque Organizations: Press, AP YANKEETOWN, Associated Press ., James, Getty, YouTube, U.S . Justice, Top Justice Department, U.S, U.S . Department of Justice, Rolex, Houston, Associated Press, National Transportation Safety Board, Bethany Locations: Yankeetown, Fla, Sweetheart, Coast, Florida's, Florida, Associated Press . WASHINGTON, DC, U.S, Washington ,, Las Vegas, Tennessee, Vermont, COVID, Washington , DC, New York, Houston, Georgia, America, Bethany Beach , Delaware

☆ I drove Lamborghini's wild, spaceship-inspired concept car and got a glimpse of the brand's electric future
▼ + stars: | 2023-09-09 | by ( Tim Levin | ) www.businessinsider.com time to read: +8 min

Lamborghini recently unveiled the Lanzador, a wild-looking concept car that previews its first EV. The Lamborghini Lanzador. The Lamborghini Lanzador. Jordan Lenssen/Lenssen PhotoEven as it looks years ahead, the brand isn't ready to fully embrace touchscreens and give up on clicky, clacky switches. The Lamborghini Lanzador.

Persons: Lamborghini, Lamborghini Lanzador, Jamey Price Lamborghini, wasn't, Jamey Price, could've, Tim Levin, Jordan Lenssen, Rouven Mohr, Mohr, " Mohr, Lambo Organizations: Service, Lamborghini, Sporting, Huracan Locations: Wall, Silicon, Monterey , California

☆ Lamborghini's first electric car is a badass 4-seater with over 1,000 horsepower
▼ + stars: | 2023-08-20 | by ( Nora Naughton | ) www.businessinsider.com time to read: +3 min

The Lanzador concept, which the company said is a "concrete vision" of the production version of the all-electric Lambo, debuted at Monterey Car Week. Lamborghini Lanzador concept LamborghiniA new tech halo for LamboThe Lanzador previews a slew of new technology for the sports car brand. Lamborghini Lanzador concept LamborghiniLambo heads into an electric futureLamborghini's Lanzador electric car is the first step into the brand's all-electric future. In addition to Lanzador, Lamborghini will also sell plug-in hybrid replacements for the Aventador and Huracan supercars, as well as the Urus SUV. Lamborghini Lanzador concept LamborghiniProduction is slated for the company's Sant'Agata Bolognese factory, which will require expansion and additional employees, the company said.

Persons: Lamborghini, Stephan Winkelmann, Winkelmann Organizations: Morning, Monterey Car, Lamborghini, Huracan

☆ Lamborghini hops on the EV trend, revealing its new all-electric Italian bull
▼ + stars: | 2023-08-18 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +4 min

CNN —The Lamborghini Lanzador is only a concept car for now, but the Italian supercar maker says it offers a preview of the brand’s very first fully electric model which will go into production in 2028. With no space needed for a gas engine — in a gas-powered Lamborghini sports car, it would be behind the seats — the Lanzador has small back seats. Other automakers, like Rimac and Automobili Pininfarina (which uses Rimac technology), already sell electric two-seat supercars costing millions of dollars. Porsche — which like Lamborghini is part of the Volkswagen Group — took a similar approach with its first EV. Lamborghini has committed to selling only “electrified vehicles,” meaning either plug-in hybrid or fully electric, by the end of 2024.

Persons: Lamborghini, It’s, Stephan Winkelmann, Winkelmann, Rimac, — Organizations: CNN, Lamborghini, luxe, Pininfarina, Porsche, Volkswagen Locations: Italian, Urus

☆ Lamborghini could hit 10,000 sales this year, CEO says
▼ + stars: | 2023-07-31 | by ( Giulio Piovaccari | ) www.reuters.com time to read: +2 min

The Italian brand, a subsidiary of Germany's Volkswagen (VOWG_p.DE), sold 5,341 cars between January and June, up 4.9% on the same period last year. Chairman and CEO Stephan Winkelmann said it was not easy to make forecasts due to market uncertainties, including with raw materials, but added that selling 10,000 cars this year was a "feasible goal". Rival Ferrari (RACE.MI), whose headquarters is less than 40 kms (25 miles) away, shipped more than 13,200 cars last year. Lamborghini is investing 1.9 billion euros to 2027 in its shift to hybrid and electric cars, but further investments are expected. The line-up is set to become all hybrid next year with the new Urus and a new sports car replacing the Huracan.

Persons: Stephan Winkelmann, Winkelmann, Ferrari, Lamborghini, Giulio Piovaccari, Mark Potter Organizations: EMEA, Lamborghini, Germany's Volkswagen, Huracan, Ferrari, Thomson Locations: U.S, H1 MILAN, United States, Europe

☆ UAE crypto scammer sentenced to 8 years in prison for multimillion dollar fraud scheme
▼ + stars: | 2023-07-19 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +1 min

A United Arab Emirates resident and Nigerian citizen was sentenced to 8 years in federal prison for orchestrating a multi-million dollar fraud scheme that victimized businesses across the U.S., Illinois federal prosecutors said. Ponle worked with a network of scammers to masquerade as corporate entities using phishing emails. Ponle will forfeit those items, collectively valued at over $1 million, and pay more than $8 million in restitution to victim companies. Ponle was prosecuted despite the lack of an extradition treaty between the UAE and the United States. Federal officials at the DOJ'S Office of International Affairs worked with their UAE counterparties to secure Ponle's rendition.

Persons: Olaekan Jacob Ponle, Ponle, Royce Cullinan, Lamborghini Organizations: Jumeirah, United, United Arab Emirates, Federal Bureau of Investigation, Justice Department, Royce, UAE, Federal, DOJ'S, International Affairs, UAE counterparties Locations: Dubai, United Arab Emirates, United Arab, U.S, , Illinois, UAE, Nigeria, Nigerian, United States

☆ An Amazon manager who stole almost $10 million with fake invoices and used the money to buy a house, a Tesla, and a Lamborghini was jailed for 16 years
▼ + stars: | 2023-07-08 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +4 min

An Amazon manager was sentenced to 16 years in jail for running a fraud worth close to $10 million. Kayricka Wortham created fake vendors and invoices, with funds sent to bank accounts she controlled. She spent the proceeds on a $1 million Georgia home, as well as Tesla and Lamborghini cars. Kayricka Wortham, worked as an operations manager at an Amazon warehouse in Smyrna, Georgia between August 2020 and March 2022. She used her position to create fake vendors, passing them on to unknowing subordinates to process, per the US Attorney's Office for the Northern District of Georgia.

Persons: Kayricka Wortham, Wortham, Brittany Hudson, Hudson, Lamborghini, Lamborghini Wortham, Nick Lotito, Steven R, Ryan K, Buchanan Organizations: Georgia, Lamborghini, Service, Amazon, US, Office, Northern, Northern District of, Tesla, CRUS, Company, The New York Times, Wortham, Chief, Judge, Hudson Locations: Wall, Silicon, Smyrna , Georgia, Northern District, Northern District of Georgia, Smyrna, Dodge Durango, Atlanta, Wortham

☆ Lamborghini sells out combustion engine models - WELT
▼ + stars: | 2023-07-05 | by ( ) www.reuters.com time to read: +1 min

Companies Volkswagen AG FollowJuly 5 (Reuters) - Lamborghini's combustion engine models are sold out until the end of production, its chief executive was quoted as saying in the WELT newspaper on Wednesday, as the luxury carmaker transitions towards a pure hybrid lineup. Order books for its Hurucan and Urus models are full, marking the end of combustion engine vehicle production for the company, Stephan Winkelmann, head of the Volkswagen (VOWG_p.DE) subsidiary, said. Winkelmann told WELT the combustion engine models would be replaced by plug-in hybrids in 2024 and 2025, adding he expected the hybrid Revuelto model to be sold out by the end of 2025. The carmaker saw record sales last year and was aiming for a "very good result" this year again, he added. ($1 = 0.9175 euros)Reporting by Victoria Waldersee Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.

Persons: Stephan Winkelmann, Lamborghini, Winkelmann, Victoria Waldersee, Mark Potter Organizations: Volkswagen, WELT, Victoria, Thomson

☆ Lamborghini has sold its last fully gas-powered supercar
▼ + stars: | 2023-07-05 | by ( Tim Levin | ) www.businessinsider.com time to read: +2 min

Lamborghini is all sold out of gas-powered supercars, its CEO told the German outlet Welt. Lamborghini plans to launch its first electric vehicle later this decade. Lamborghini CEO Stephan Winkelmann told the German newspaper Welt on Wednesday that the brand has sold out its remaining production run of fully gas-powered models, per Reuters. First up will be plug-in hybrid replacements for the Aventador and Huracan supercars and a plug-in hybrid Urus SUV. Winkelmann told Insider he is intent on giving Lamborghini buyers the adrenaline-pumping performance they expect — and more — while cutting the company's carbon footprint.

Persons: Stephan Winkelmann, Lamborghini, Lamborghini Revuelto, Tim Levin, Winkelmann Organizations: Lamborghini, bros, Welt, Huracan

☆ Driving Lamborghini's new off-road supercar
▼ + stars: | 2023-05-20 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +6 min

I was driving a $380,000 Lamborghini Huracán Sterrato, and I couldn’t help laughing out loud. Lamborghini worked with Bridgestone to create tires using rubber similar to that on Lamborghini’s other performance tires, but with an off-road tread. The idea for it emerged while Lamborghini engineers and designers were having beers after a day driving off-road in a prototype of the Urus SUV. That was a lot of fun, they thought, but wouldn’t driving one of our all-wheel-drive supercars off-road be even better? Even those of us who can’t afford one should perhaps be glad the Lamborghini Huracán Sterrato exists.

☆ Lamborghini CEO says orders for hybrid Revuelto show 'incredible' demand from wealthy car-buyers
▼ + stars: | 2023-04-11 | by ( Robert Frank | ) www.cnbc.com time to read: +3 min

watch nowLamborghini's quick sellout of its new $600,000 hybrid supercar is proof that wealthy car buyers are still spending, according to the CEO. Lamborghini already has a waiting list and two years worth of orders for the Revuelto, its first ever plug-in hybrid that was launched last month, CEO Stephan Winkelmann told CNBC. Every Lamborghini model launched after the Revuelto will be a hybrid, with plug-in versions of the Urus SUV and Huracan sportscar expected in the coming years. With the Revuelto, Lamborghini utilized the best of both worlds, pairing three electric motors with a new 6.5-liter, naturally aspirated V12 engine for a combined 1,001 horsepower. Lamborghini Revuelto Ambient Courtesy: Lamborghini"The team worked hard on this car for years," Winkelmann said.

☆ The Lamborghini Revuelto is a 1,001 horsepower hybrid supercar flagship
▼ + stars: | 2023-03-29 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +5 min

The Lamborghini Revuelto is a plug-in hybrid and, while it still has a V12 gasoline engine, it also has three electric motors. The new V12 engine is also slightly lighter – by 37.5 pounds – than the engine in the Aventador supercar it’s replacing. Lamborghini has not yet announced the price of the Revuelto but all these new plug-in hybrid models will cost significantly more than the models they replace, Winkelmann said. Still, the sharing of parts and production lines will do little to offset the increased cost of the shift to plugin hybrid power, he said. Given current battery technology, an electric Lamborghini supercar just isn’t possible, Winkelmann has said, because the batteries are simply too heavy.

☆ 2023 Lamborghini Urus Performante: Super-Sport Thrills That Aren’t So Cheap
▼ + stars: | 2023-03-03 | by ( Dan Neil | ) www.wsj.com time to read: 1 min

RAGING BULL Lamborghini has traditionally named its sports cars after famous fighting bulls, such as Gallardo, Aventador and Islero. For its first SUV of the modern era, the company chose Urus, a now-extinct species of wild bull. IT’S FUNNY the things you think of when you’re going like a bat out of hell in a red Lamborghini. The French painter William-Adolphe Bouguereau (1825-1905) was among the most celebrated pornographers of the 19th century. Trained in the French academic style, Bouguereau’s brushwork and powers of composition rivaled that of Italian masters Raphael and Titian.

☆ Rolls-Royce, Bently and Lamborghini had record sales last year, again
▼ + stars: | 2023-01-10 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +4 min

Rolls-Royce, Bentley and Lamborghini, car brands that cater to billionaires, had record sales again last year. In fact, it was the third record year in a row for Bentley and the second consecutive record for Rolls-Royce and Lamborghini. The Lamborghini Urus SUV accounted for more than half of that brand’s sales last year while, for Bentley, the Bentayga accounted for 42% sales. The Rolls-Royce Cullinan SUV accounted for nearly half of that brand’s sales last year. The amount of money Rolls-Royce customers paid for options on their cars and SUVs rose to record levels last year.

☆ Lamborghini's last purely gas-powered supercar will be an off-road beast
▼ + stars: | 2022-11-30 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +3 min

CNN —The Lamborghini Huracán Sterrato, officially unveiled in Miami Wednesday will be the Italian automaker’s maker’s last purely gasoline-powered supercar. It will also be unlike any Lamborghini supercar before because it’s designed to go off-road. Other Huracán supercars have air scoops on the side but, in this car, the side air scoops are permanently closed. But the concept of the Huracán Sterrato came entirely from inside Lamborghini, said Brokert, as engineers were developing the Urus, Lamborghini’s SUV. Production of the Huracán Sterrato will begin at Lamborghini’s factory in Sant’Agata Bolognese, Italy, in February.

☆ Ferrari’s SUV clears road to bold sales target
▼ + stars: | 2022-09-14 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Guglielmo Mangiapane/File PhotoMILAN, Sept 14 (Reuters Breakingviews) - Ferrari’s (RACE.MI) long-awaited Purosangue SUV will propel the Italian sports carmaker towards its bold revenue target read more . Rival Lamborghini’s Urus SUV is already on sale. That implies car sales of perhaps 5.4 billion euros, after excluding sponsorship and other revenue. That’s 1.2 billion euros of revenue. He could make 5.5 billion euros in car revenue before even hiking price tags.

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