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Lamborghini Aventador drives record Lamborghini sales in 2013

Record Aventador sales drive Lamborghini’s turnover It would not have been unreasonable to think that Lamborghini’s turnover for 2013 would be less than 2012, especially as the Gallardo was about to be consigned to the history books to make way for the Huracan. But nothing could be further from the truth. In fact, despite the Gallardo’s demise at the end of 2013, Lamborghini managed to increase its turnover in 2013 to €508 million – up €39 million on 2012 – and break records for V12 sales in the process.

McLaren turns the corner, posts first profits

By Tim Pollard Motor Industry 04 June 2014 10:48 McLaren Automotive today announced it had broken even for the first time in its brief three-year history, posting a £4.5 million pre-tax profit in 2013. It's great news for the young supercar brand, which until now has lost money every year. McLaren's turnover was £285m, up from £267 in 2012, as it increased production towards its long-term goal of 4000 cars a year.

Fisker, Energy Department face tough Congressional hearing on federal loans

Struggling Fisker Automotive took a bludgeoning Wednesday on Capitol Hill from top congressional Republicans who compared Fisker to failed automotive startups of the past and lambasted the Department of Energy for allowing the electric-car producer to draw down nearly $200 million in taxpayer-funded loans. House Oversight Chairman Darrell Issa, R-Calif., told Fisker founder Henrik Fisker that he will be remembered fondly for his design work for BMW and Aston Martin. But he compared Fisker to Malcolm Bricklin, John DeLorean and Preston Tucker -- three entrepreneurs known for their failed startup car companies.