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Italy’s Supercar sales down 80% as Italy heads for 50 year car sales low

Sales of Supercars in Italy have dropped 80% in the last 5 years and car sales look set to drop to the lowest point since 1966. We all know the Eurozone is finally paying the price for stitching together powerhouse economies and basket case ones with the same blunt fiscal tools to control their economies. And even Italy – once a major Southern European economy – seems to be as big a basket case as Greece and Cyprus if you start to dig a bit.

Stratospheric price for Volkswagen's 'future car'

IF YOU want tomorrow's car today, you're going to have to pay for it. Volkswagen has announced that the ultra-futuristic XL1 will sell in the UK for more than £98,000. The first XL1 was delivered to a German customer in May, with UK buyers now lined up to take a share of the 200 that are due to be built.

GT supercar designer leaving Ford

Designer Camilo Pardo, credited with drawing the Ford GT supercar, is leaving the automaker after a 24-year career with the company. Pardo, 45, confirmed to AutoWeek that he is leaving Ford, but he declined to give details. He said final details of his departure have yet to be worked out.