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Want a 28% return on investment? Buy a Classic Ferrari.
Mon, 29 Oct 2012The Wall Street Journal declares a classic Ferrari as a sound investment with returns in the last year averaging 28% on important models. It seems, especially if you’re a petrolhead, you can have your cake and eat it by investing in classic cars, and particularly in classic Ferraris, and not just see your investment on a balance sheet but in your garage too. The Wall Street Journal has been looking at ‘Treasure ASsets’ like fine wines, works of art and classic cars.
London Congestion Charge jumps 15% to £11.50 a day
Fri, 30 May 2014London Congestion Charge jumps 15% to £11.50 a day – and even a normal Prius must pay We all moaned when the London Congestion Charge zone was put in place in 2003 and we had to pay £5 a day to drive in London during the day on weekdays. But it’s gone up a bit since then. By 2011, it was costing twice as much – £10 a day – for the dubious privilege of driving in London, but having resisted the temptation of putting the price up for the last three years, Transport for London has announced it will be charging 15 per cent more from 7am on 16 June 2014 for your daily commute – that’s a whopping £11.50.
Sergio Marchionne wants to build Mazda in Fiat & Chrysler plants
Wed, 30 May 2012Fiat boss Sergio Marchionne wants to build Mazda cars in Fiat and Chrysler plants around the world. When Alfa Romeo and Mazda revealed last week that they would be developing a new small roadster together – well, Alfa Romeo would take the next generation MX-5 and sculpt on a new body to make a new Alfa Spider – we suggested Mazda would be better of getting Fiat to build their cars. It seems Fiat boss Sergio Marchionne thinks the same.