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LaFerrari commanding £1 MILLION premium – and the McLaren P1 and Porsche 918 Spyder attracting premiums too

LaFerrari commanding £1 MILLION premium Being at the top of the new owners list for a very desirable, and scarce, car can yield big benefits, and none more so recently than for Ferrari’s hypercar – the LaFerrari. Oracle Finance has been busy looking at the premiums being charged for desirable cars (and, presumably, willing to finance to premium too) and have discovered that those not on Ferrari’s VIP list – and therefore not invited to buy a LaFerrari from Maranello – are willing to pay a premium of £1 million to get their hands on Ferrari’s replacement for the Enzo. But it’s not just LaFerrari that’s commanding hefty premiums.

Toyota begins making fixes

Toyota Motor Sales U.S.A. Inc. said its dealers across the country have received the parts, information and training they need to fix accelerator pedals in recalled Toyotas and that repairs have begun.

Saab pulls out of Frankfurt motor show

It's become a cliché in the automotive press to proceed Saab with the word 'troubled' recently. Yet the company's latest announcement does little to dispel the notion that all is not well in Trollhatten, as it has announced that it will not be featuring at September's Frankfurt auto show. The Swedish car manufacturer has had trouble paying suppliers in recent months, and it is thought that Saab will instead use the money allotted to Frankfurt in order to pay them.