AventadorBased NEO Vector 2020 Pays Tribute to the Original M12 TechEBlog
When Megatech bought Lamborghini in 1994, the Cala began to take shape, but under Volkswagen Group's ownership from 1998, the project was put on ice. The Cala was powered by a 395-hp, 4.0-liter.
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By 1999, Megatech was forced to end production because it didn't have the cash to pay Lamborghini for the engines. Welcome to the exotic car business. This Vector M12 underwent a full engine-out.
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Yes, in 1994 Chrysler sold Lamborghini to the evocatively-named MegaTech, a Bermuda-registered company owned by a pair of Indonesian businessmen who also owned Vector. And if one begins to assume.
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MegaTech had just acquired Lamborghini from Chrysler and hoped to use the consolidated firms to create American-Italian supercars. The M12 debuted in production form at the Detroit Auto Show in 1996 and looked like a WX-3 but was based on a modified Lamborghini Diablo chassis and was powered by a mid-mounted version of the Diablo's V-12.
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The buyer is Megatech Ltd., a holding company based in Bermuda and controlled by Setiawan Djody, the chairman and majority owner of Setdco, an Indonesian conglomerate. Chrysler bought Lamborghini.
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The company was the first to design Lamborghini for the race track. MegaTech. By 1994, Chrysler wanted someone to purchase Lamborghini from them and ended up vending it to Indonesian company MegaTech for $40 million. Co-owner Setiawan Djody owned a stake in Vector Motors and felt Lamborghini could collaborate with the company. In 1995, Megatech.
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Vector wasn't the only cash-strapped supercar marque under MegaTech's mega umbrella. Lamborghini was brought under Indonesian control in 1994, right in the midst of the Diablo's product cycle.
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Chrysler's ownership of Lamborghini lasted until 1994, when it sold the brand to Megatech, which (to the best of our knowledge) was never the villain in an '80s sci-fi B-movie. Although Chrysler's fling with the Italian automaker was brief, it buoyed Lamborghini and helped make the Viper the torquey beast that we've always loved.
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Megatech's greatest hit was the Diablo SuperVeloce. Following some strict cost-cutting measures, the company managed to break even in 1997. Not long before that, Lamborghini also started working.
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Lamborghini was recently affirmed safe within VW Group's cool embrace, but the brand has a checkered history of unsteady ownership.. The name "Megatech" suggests a conglomerate comprised of James Bond super-villains or faceless Silicon Valley drones. The truth was even stranger. Having had its fill of exotic stewardship, Chrysler dumped.
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Audi bought Lamborghini in 1998 for US$110 million from Indonesian company Megatech, which was jointly owned by the youngest son of President Suharto.
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Vector M12. The Vector M12 is a sports car manufactured by Vector Aeromotive under parent company Megatech, and was the first car produced after the hostile takeover of the company from Jerry Wiegert by the Indonesian company Megatech. [3] The model was produced from 1995 to 1999, when production was halted due to slow sales of the car.
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Audi purchased Lamborghini in 1998 from Megatech, an Indonesia-based company jointly owned by Hutomo Mandla Putra, the youngest son of the country's then-President, Suharto, for a claimed $110.
AventadorBased NEO Vector 2020 Pays Tribute to the Original M12 TechEBlog
Performance was nearly identical, with a 0 to 60 mph (0-97 kph) acceleration time of 4.8 seconds and a top speed of 189 mph (304 kph), about 12 mph (20 kph) slower than the iconic Lambo. The M12.
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Megatech is a Bermuda -registered company that pursued the development of various supercars. It is jointly owned by Hutomo (Tommy) Mandala Putra, the youngest son of President Suharto of Indonesia, and Mycom Setdco, a Bermuda-based subsidiary of Mycom Bhd. [1] In 1994, MegaTech purchased the Lamborghini brand for $40 million. [1]
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MegaTech had just acquired Lamborghini from Chrysler and hoped to use the consolidated firms to create American-Italian supercars. The M12 debuted in production form at the Detroit Auto Show in 1996 and looked like a WX-3 but was based on a modified Lamborghini Diablo chassis and was powered by a mid-mounted version of the Diablo's V-12.