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Bonhams' Greenwich auction will show Italian rarities

The biggest star of Bonhams' seventh annual Greenwich auction will be the 1975 Lamborghini Countach LP400 Periscopica shown above, a pristine early example of the legendary wedge with a single owner and less than 10,500 miles -- its roof carried a groove cut into the sheetmetal that allowed light to hit the rearview mirror, providing a still-laughable semblance of rearward visibility. Of course, the door is always preferable. Just 158 LP400 Countachs were ever produced, before the firm moved on in 1978 to the outrageously styled LP400S.

Lamborghini CO2 reduction Press Release

Lamborghini CO2 Reduction Press Release • The construction of a large photovoltaic plant, combined with an energy-saving project, will achieve a 30% reduction in the factory’s CO2 emissions by 2010 • Modifications to vehicles will result in a 35% reduction in CO2 emissions by 2015 Automobili Lamborghini announces its intention to complete its program of environmental sustainability in record time by presenting new plans which will enable the company: The plans for reducing emissions will thus involve two areas: modifications to the Lamborghini factory in Sant’Agata Bolognese, and development in vehicle design. To redefine its industrial processes in accordance with its policy of environmental sustainability, Lamborghini has just begun a project to complete installation of a large photovoltaic system by the end of 2009. The roof-top plant will produce 1,582 Megawatt hour (MWh) of “green” energy per year, which translates into a 20% reduction in CO2 emissions (-1,067,820 Kg/year) by 2010.

GM's Lutz to retire May 1

General Motors Vice Chairman Bob Lutz plans to retire from the automaker effective May 1, according to a statement released by GM on Wednesday. Lutz, 78, had been serving as a senior adviser to GM Chairman and CEO Ed Whitacre after shelving retirement plans to take charge of the automaker's marketing after it emerged from bankruptcy in July 2009. An outspoken executive who both challenged global warming and championed GM's all-electric Volt, Lutz is credited with revitalizing GM's product development efforts after being hired by former GM CEO Rick Wagoner in 2001.