A bit of oddity is that Auto Express pegs the name as the MLC. If such is the case, perhaps its a return to the only other SUV naming convention Lamborghini's had, the alphanumeric LM002, but "MLC" strikes us as a bland, sexless waste of a chance to append something brutishly and memorably taurean.
Speculation all along has been that the MLC would get a retuned version of the V10 from the Gallardo. If the output of the MLC's mill is 584-horsepower as per the report, that would be 41 horses beyond the Gallardo. A hybrid model to follow would get that over the 600-hp mark. Production is rumored to happen in 2015, with an estimated $200,000 price tag putting it well above anything that isn't from Bentley or Russia.
And for those who still dream of an Estoque, the MLC might not be the only Lamborghini borrowing a platform. The arrow-nosed four-door Estoque is said to remain under consideration, and just as the Cayenne led to the Panamera, a production Estoque could be prepared based on the next-generation Panamera's underpinnings.