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Car Finance: ING pull out of UK luxury car finance market

ING has pulled out of the UK luxury car finance market leaving a finance hole estimated at around £1.2 billion. If you’re in the market for a high-end car, chances are you’ve sought out the services of a finance broker after the car dealer’s finance rates came as a bit of a shock. And if you have, there’s a very good chance you’ll have ended up with a cracking finance deal written by ING.

Record-setting Ferrari hydroplane heads for RM's Monaco auction

A record-setting Ferrari-powered 1953 hydroplane, ARNO XI, will cross the block in May at the RM Auctions event in Monaco. The hydroplane set the speed record for a boat of its size on Lake Iseo in northern Italy, running up to 150.19 mph. Designed and built by Achille Castoldi—a friend of Ferrari Grand Prix drivers Alberto Ascari and Luigi Villoresi—convinced Enzo Ferrari to provide knowledge and technical assistance to help develop the world-record-holding boat.

First Sight: Holden VE Commodore and Statesman

GM Holden last week launched its biggest program ever, the $1 billion all-new Holden VE Commodore range. Designed at Holden's Port Melbourne design center, the 4th generation Commodore is the first all-new model of the series to be fully designed and engineered in Australia. Previous generations of Commodore since 1978 have always been based on lengthened and widened Opel large car platforms of the day but since the demise of the European Omega in 2003, GM lacked a suitable rear-wheel-drive donor platform for a new Commodore, hence the clean sheet approach for the latest VE model.