Sold for $77,000 at 2010 RM Auctions - Sports & Classics of Monterey.
Lamborghini sought to land a US military contract. Their first model intended to win the contract was the Cheetah which they introduced in 1977. This was followed by the LM002. Unfortunately for Lamborghini, the contract would eventually go to the Hummer H1.
The LM002 had a rear-mounted Chrysler V8. This setup gave the vehicle unpredictable handling. The prototype was destroyed during testing. A second prototype example with an AMC V8 (LM001) shared a similar fate. Lamborghini redesigned the concept resulting in the LM002, powered by a front-engined Countach V12. The LM002 was introduced at the 1981 Geneva Auto Show.
The LM002 became popular in the Middle East in both military and civilian versions. The civilian versions were introduced in Brussels in 1986 and were popular with Arab sheiks. These versions had leather interior, stereos and air conditioning. The potent Countach V12 gave them a zero-to-sixty mph time of just 7.7 seconds. Top speed was in the neighborhood of 125 mph. At 8 mpg, the 76-gallon fuel tank came in handy.
The LM002 rode on Scorpion run-flat tires developed by Pirelli. Each tire cost a staggering $1,600.
The military version of the LM002 were much plainer but had mounts for machine guns and opening roofs. The Saudi Army purchased 40, and Moammar Ghadafi reportedly ordered 100.
This LM002 was in a private California collection for many years. It has been kept in climate-controlled storage and been well maintained.
Only 301 examples of the LM002s were built.
In 2010, this car was offered for sale at the Sports & Classics of Monterey presented by RM Auctions. This car was estimated to sell for $80,000 - $100,000 and offered without reserve. As bidding came to a close, the car had been sold for the sum of $77,000, inclusive of buyer's premium.By Daniel Vaughan | Dec 2010
This 1989 Lamborghini LM002 is a rare, special ordered fuel injected SUV that currently has only 9,200 original miles. It is 1 of only 1 produced with LMA equipment, and has never been used off-road. It also has a 50-state emission exhaust.By Daniel Vaughan | Dec 2010
The Lamborghini LM002 was built from 1986 through 1993 with 301 units being produced. Lamborghini is known and respected for their exotic vehicles that are as stylish as they are fast. The SUV codenamed 'Cheetah' was a project that began in 1977 and designed to be sold to the United States Military. A Chrysler V8 engine was used in the prototype 'Cheetah' but the production versions were outfitted with a V-12, courtesy of the Lamborghini Countach. The original Cheetah prototype was destroyed by the US military during testing. The Cheetah project was short lived. Production on the LM001 began in 1981. This was the second attempt at creating a four-wheel drive, rear-mounted engine, all-terrain vehicle. The LM001 was powered by a twelve-cylinder powerplant and first displayed to the public at the 1981 Geneva Auto Show. The LM002, also known as the LMA, was introduced a year later featuring the engine in the front. Production finally began in 1986, albeit with many changes.
The final sixty units of the LM002 were dubbed the LM/American and introduced at the Detroit Auto Show in 1992. This special series had stripes, badging, upgraded interior, chrome bumpers, ground effects, and MSW / OZ Racing wheels.
The sixty-degree, 5167 cc., twelve-cylinder front-engine was capable of producing nearly 450 horsepower and 368 foot-pounds of torque. The transmission was a ZF S5-24/3 5-speed manual gearbox with a two-speed transfer case and manual locking hubs. The clutch was a single dry plate unit that was hydraulically operated. The chassis was tubular, the body was aluminum and fiberglass, and the suspension was independent, coil springs with telescopic shock absorbers. The fuel tank could hold 76 gallons of fuel. The drive system was part-time four-wheel drive. With a top speed of nearly 120 mph, the 5700 pound vehicle was not designed to break any land-speed records. These all-terrain vehicles provided seating for four and luxurious amenities such as leather and air conditioning.
Muammar al-Qaddafi, Libya's leader, reportedly purchased one-hundred of the LM002 for use in the Libyan military.
A single prototype LM003 was produced, powered by a 3-liter, turbo-diesel, six-cylinder engine. Using a quad-cam, twelve-cylinder Lamborghini engine producing 420 horsepower, the LM004 was created. This was a short-lived series with only a few being produced. In 1992, production for the Lamborghini all-terrain vehicle came to a close.By Daniel Vaughan | Nov 2007