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Holden to stop making cars in Australia

Fresh from the news that General Motors (GM) will be pulling its Chevrolet brand out of mainstream markets in Europe, the automotive giant has now confirmed that its Australian subsidiary, Holden, will stop making cars Down Under by the end of 2017. It’s further bad news for GM, but even more so for the 2,900 Australian people who are set to lose their jobs as a result of the closure. And it’s a sad and disappointing end for the famous Holden marque, which can trace its history back as far as 1856.

Rodeo Drive Concours d'Elegance celebrates Italian motoring - Autoweek

The concours on Rodeo started in 1993 with a three-block-long celebration of beautiful cars highlighted by the world debut of the Ferrari 348 Spyder. Piero Ferrari was there, along with Luca di Montezemolo and Sergio Pininfarina. Since then, the annual Father's Day event has featured some of the world's most beautiful cars on the world's most famous shopping street.

Porsche reports big drop in sales

Well, it’s not exactly a surprise, given the doom and gloom in the industry at the moment, but Porsche has just reported a 27% drop in sales, down to 34,000 units, over the last six months. As you would expect, some models fared worse than others. The recently updated Porsche 911, which has had mid-cycle tweaks including the new PDK ‘box, held up pretty well.