Chief Executive and President of Italian luxury car maker Lamborghini Stephan Winkelmann presents the Lamborghini Estoque car during a Volkswagen group presentation at Villepinte in Paris, Wednesday, Oct. 1 , 2008, in preview of the 2008 Paris car show. (AP Photo/Francois Mori)
Stephan Winkelmann presented the Estoque at the 2008 Paris car show.

Insider says upcoming Audi platform gives life to the Lamborghini Estoque



Lamborghini's push to produce its fast, edgy, four-door Estoque looks to have reached critical mass after senior Audi executives threw their support behind the Lambo limo this week.

Senior sources at Audi confirmed that the V12-powered super sedan with the four-second 0-to-100kph sprint would be exactly what Lamborghini needed to more than double its sales and finally grant the Italian supercar maker its financial independence.

The comments are the most positive indication yet that the on-again, off-again saga of the Sant'Agata brand's third model line is back on, but senior Audi management has done more than comment on the Estoque. By unofficially confirming production plans for Audi's own A9 limo-coupe, it has also given Lamborghini a production chassis to put beneath the Estoque concept car from the 2008 Paris Motor Show.

Lamborghini boss Stephan Winkelmann has been greeted with cynicism whenever he has mentioned his third model line, yet Audi officials now appear to have finally given conditional support to the project.

"Mr Winkelmann has said that Lamborghini needs a third model to give the brand a product cycle with fewer gaps in it, and he's absolutely correct in what he says," one senior Audi spokesman said.

"It's something Lamborghini needs, but it will need to be managed very carefully to remain a worthy Lamborghini."

Even though Lamborghini won't want the Estoque's future overshadowing the imminent launch of its all-new V12 Aventador supercar, the comments are a fillip to the Italian company, which has struggled to retain its sales peak of just over 2,000 cars a year during the global economic crisis.

"This sort of car will add something like 2,000 to 2,500 cars a year or even more to Lamborghini," the Audi source said.

"If you look at the only company near to Lamborghini in the way it works, it must be Ferrari, and Ferrari is financially independent at 5,000 cars a year. That's the region the Estoque will put Lamborghini in.

"That's got to be the goal for Lamborghini: to have solid financial footing and a constant renewal in the model cycle, which you can't do with two cars. So that's why it really must have three."

The super sedan is likely to be built with both V10 and V12 engines and will have Lamborghini's traditional all-wheel drive, but Lamborghini's engineers will need to work creatively with Audi's chassis people.

"Lamborghini is about performance and it's about design, so the Estoque will need to have those things and, I think, be reasonably faithful to the concept car," the Audi source insisted.

"That means that, a lot of the chassis of the A9 will be able to work for it, but the front end will need to be much lower if it will stay with the concept, so there will be a lot - a lot - of reworking with the chassis engineering people there.

"They will need to be very, very creative with the packaging of the engine and gearbox and the space-frame design and, perhaps, even the materials they use at the front of the car.

"We have to find a solution to fit the traditional Lamborghini styling. We have to make the bonnet lower and flatter. The packaging of the engine and the suspension and the chassis will be critical and that's what we're all experimenting with right now because it's the only real question mark."

Part of that creativity could include designing and building the entire front-end structure out of carbon fibre from the shiny new facility Lamborghini set up to build the Aventador's chassis, which would add tremendous chassis rigidity and crash safety while still allowing Lamborghini's exterior designers enough flexibility to replicate the concept car's striking nose.

Faithfulness to the Estoque concept car also means the production version will be a four-seat limousine, much like the A9 on which it will share its core chassis.

"Designing a supercar from a clean sheet of paper is one thing, but a limousine that people will drive to work every day and carry the family in over the weekend, well, that's a different thing, and Lamborghini doesn't have the financial or engineering resources to do it themselves," the Audi source confirmed.

"There is no choice if they want a third line but to share the engineering with us and let us help. After all, we've got more experience at four-door cars than they do."

Sources at Lamborghini insist the car can be built with the all-new, 6.5L V12 that will punch out 700hp in Aventador trim. Yet, the need to manipulate the torque curve to provide strong step-off torque in city situations will mean the horsepower will probably be both reduced to about 650 and it will also arrive as much as 500rpm earlier than the Aventador's 8,500rpm power peak.

Yet the payoff will be in pulling the torque peak down from the big supercar's 6,000rpm peak to closer to 4,500. The conversion of a supercar engine to a limousine engine is a challenge that has, in recent times, only been faced by Maserati, which converted the Ferrari F430's V8 into both 4.2L and 4.7L engines for its Quattroporte.

The gearbox is an easier question to solve, with the adoption of the A9's double-clutch unit being the clear favourite, while it will also adopt the Haldex IV all-wheel-drive system used in the Aventador.

Another clear favourite is a suspension controlled by an adaptation of the R8 V10's magnetic ride suspension system, which Lamborghini believes suits its character better than air-suspension.

Company Profile

Name: Direct Debit System
Started: Sept 2017
Based: UAE with a subsidiary in the UK
Industry: FinTech
Funding: Undisclosed
Investors: Elaine Jones
Number of employees: 8

Company Profile

Company name: Hoopla
Date started: March 2023
Founder: Jacqueline Perrottet
Based: Dubai
Number of staff: 10
Investment stage: Pre-seed
Investment required: $500,000

The years Ramadan fell in May

1987

1954

1921

1888

LOVE AGAIN

Director: Jim Strouse

Stars: Priyanka Chopra Jonas, Sam Heughan, Celine Dion

Rating: 2/5

Ramez Gab Min El Akher

Creator: Ramez Galal

Starring: Ramez Galal

Streaming on: MBC Shahid

Rating: 2.5/5

The specs: 2019 Audi A8

Price From Dh390,000

Engine 3.0L V6 turbo

Gearbox Eight-speed automatic

Power 345hp @ 5,000rpm

Torque 500Nm @ 1,370rpm

Fuel economy, combined 7.5L / 100km

Ruwais timeline

1971 Abu Dhabi National Oil Company established

1980 Ruwais Housing Complex built, located 10 kilometres away from industrial plants

1982 120,000 bpd capacity Ruwais refinery complex officially inaugurated by the founder of the UAE Sheikh Zayed

1984 Second phase of Ruwais Housing Complex built. Today the 7,000-unit complex houses some 24,000 people.  

1985 The refinery is expanded with the commissioning of a 27,000 b/d hydro cracker complex

2009 Plans announced to build $1.2 billion fertilizer plant in Ruwais, producing urea

2010 Adnoc awards $10bn contracts for expansion of Ruwais refinery, to double capacity from 415,000 bpd

2014 Ruwais 261-outlet shopping mall opens

2014 Production starts at newly expanded Ruwais refinery, providing jet fuel and diesel and allowing the UAE to be self-sufficient for petrol supplies

2014 Etihad Rail begins transportation of sulphur from Shah and Habshan to Ruwais for export

2017 Aldar Academies to operate Adnoc’s schools including in Ruwais from September. Eight schools operate in total within the housing complex.

2018 Adnoc announces plans to invest $3.1 billion on upgrading its Ruwais refinery 

2018 NMC Healthcare selected to manage operations of Ruwais Hospital

2018 Adnoc announces new downstream strategy at event in Abu Dhabi on May 13

Source: The National

South Africa's T20 squad

Duminy (c), Behardien, Dala, De Villiers, Hendricks, Jonker, Klaasen (wkt), Miller, Morris, Paterson, Phangiso, Phehlukwayo, Shamsi, Smuts.

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”


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