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Supercar firm Lamborghini has sensationally axed plans to add two new models to its supercar line-up.

The news comes as its owner, the VW Group, angrily denied claims it was planning to sell the luxury brand, along with stablemates Bentley and Bugatti. The German giant also poured cold water on claims that it will cease production of its own luxury flagship, the Phaeton, although it is looking into reducing the number of trim levels available with the car.

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