From Auto Express:

There's no let-up at Lamborghini. Auto Express broke exclusive news of the Espada-inspired 2+2 in Issue 840, and we can now confirm more details - including the name. Our exclusive pictures in this week's issue prove the car will be called the Lagartijo.

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 612 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.

And some sketches of the concept as it has evolved, from Lamborghini Club of America:



A note on the name: the Auto Express article says it will be named for the matador who spared Murciélago the bull's life but doesn't mention that matador's name. After a little digging, I found his name was Rafael Molina "Lagartijo". So um, I guess this new car will either be the Lamborghini Rafael, Lamborghini Molina, or Lamborghini Lagartijo.