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After a series of stories surfaced over the weekend reporting the demise of the Lamborghini Estoque, the supercar manufacturer has issued a statement addressing the rumors. According to Lamborghini, the Estoque has not been killed off, but it hasn't been approved for production either.

The release continues to tow the company line that if a new model is added to the Lamborghini line-up, "a four door luxury performance saloon could be a logical product strategy."

When the Estoque was revealed in Paris, the 500-horsepower, V10-powered all-wheel drive sedan was hailed as the automaker's first volume model – a daily driver that could conceivably sell between 2,000 and 3,000 units annually. Speculation of the Estoque's eminent arrival in 2011 was stoked when the company's R&D chief Maurizio Reggiani, said that a case was being made to VW's board and that a mule was currently undergoing testing.