Horacio Pagani, the founder of Italy’s most extravagant hypercar maker, has confirmed that a fully electric hypercar is in the works – but the highly regarded V12 engine will stick around for some time. Pagani is a man who has always found it difficult to say no to his customers. His company’s first hypercar, the Zonda, had its retirement delayed for years because affluent buyers, including Lewis Hamilton, begged for the chance to buy one. Now we’re facing what is meant to be the last version of the Huayra, the BC Roadster, although Pagani himself admits that plan may slip. “It is scheduled to be the last production model,” he told Autocar. “But I am also listening to some private collectors who are asking maybe for a one-off or a limited edition, which will probably extend the lifespan a little more.” Pagani remains ultra-exclusive even by the standards of Italian hypercar makers, producing around 40 cars a year. But the company is profitable and has always taken a long-term approach to planning, with Pagani saying that work is well advanced on the Huayra’s replacement – known internally as the C10 – ahead of a launch scheduled for 2022. “This next model will have a similar philosophy. It will have a traditional combustion engine, a new-generation Mercedes-AMG V12 twin-turbo,” he said. “We have a very close relationship with Mercedes already and this new V12 engine will be homologated until 2026.” Pagani is also working on an EV that will be developed from the same core architecture as the conventional hypercar. “The C10 will have a regular V12 but, at the same time, there will be a full-electric vehicle,” he said. “It is not going to be exactly the same platform. It will be modified.” Horacio Pagani said the company’s changing customer base has been integral to the move to electrification, as well as environmental legislation. “At the beginning, our clients tended to be car collectors in Europe in their 50s or above,” he said. “Now the average age has dropped significantly and we have a lot of younger buyers in Asia Pacific and also in North America and Silicon Valley.” Beyond 2025, Horacio Pagani said, the brand may do something radically different and he even admitted that plans for an SUV have been considered. He said: “If I had to come up with a Pagani SUV, it would need to have a price tag of €3 million or above to be in line with our current strategy. We don’t know if there is any market for such a product, but there could not be any compromise. If there is a Pagani badge on a vehicle, it must be the highest quality. But it is something that has been discussed a number of times with collectors. “We would access the technology of Mercedes-Benz because they produce SUVs, and because of the close relationship we enjoy, we could maybe use the big SUV platform. It’s something that has been in the back of my mind, but the journey from concept to reality for anything like that is a long
Origin: Pagani CEO: “We will build V12 hypercars until 2026”
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Former Volkswagen CEO, four other execs charged with fraud in Germany
Martin Winterkorn, former chairman of German car maker Volkswagen (VW).Tobias Schwarz German prosecutors have indicted former Volkswagen CEO Martin Winterkorn and four others on charges of fraud and unfair competition, saying he failed to prevent the manipulation of engine software that let Volkswagen cars cheat on diesel emission tests. Prosecutors in Braunschweig said Monday that Winterkorn knew about the deceptive software since at least May 25, 2014, despite his public statements he only became aware of the issue shortly before the scandal broke in September 2015. The prosecutors said the defendants – all of them top Volkswagen managers – were part of an ongoing deception that started in 2006. The company has admitted installing software that could tell when the cars were on test stands for emissions certification. When the cars went on to everyday driving, the emission controls were turned off, improving mileage and performance but emitting far more than the U.S. legal limit of nitrogen oxides, a class of pollutant that is harmful to health. The prosecutors say the defendants added a software update costing 23 million euros in 2014 in an attempt to cover up the true reason for the elevated pollution emissions during regular driving. Winterkorn and the others face from six months to 10 years imprisonment if convicted on charges of aggravated fraud involving serious losses. Bonuses collected due to sales based on the deception could be forfeited. Prosecutors said bonus that could be forfeited ranged from around 300,000 euros to 11 million euros (US$340,000 to US$12.45 million). Volkswagen has paid more than 27 billion euros in fines and settlements in the months and years since being caught. The company apologized and pleaded guilty to criminal charges in the United States, where two executives were sentenced to prison and several others charged, although they could not be
Origin: Former Volkswagen CEO, four other execs charged with fraud in Germany