The move will disappoint enthusiasts who had hoped the evocative Espada badge would be reborn. Instead, the sleek four-seater will take its name from the fabled Spanish matador who spared the life of the courageous bull Murciélago. This is an appropriate choice; the creature has already given its name to the company's £162,000 coupé.
There are obvious similarities with the legendary Sixties
Espada, including two doors and pronounced overhangs. Other elements include the near-flat rear windscreen, which is tipped to hinge as a hatch, giving access to a sizeable boot.
The newcomer features carbon fibre construction, keeping weight to a minimum. Power will be taken from the Murciélago's 6.2-litre V12, delivering 620bhp. Sales are expected to begin in 2009, with the car costing an estimated £180,000. Ferrari's current 2+2, the V12 Scaglietti, carries a £170,500 price tag.
According to our sources, development of the GT means that a proposed SUV from Lamborghini - to be based on Audi's forthcoming Q7 - is now unlikely.

Rafael Molina Sánchez "Lagartijo" (1841 - 1900)