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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.

Jaguar Land Rover to create ANOTHER 1700 jobs

1700 new jobs created by JLR to build new smaller Jaguars like the Jaguar Crossover (pictured) We’ve reported on the creation of more and more jobs in recent years by Jaguar Land Rover as Land Rover’s products, in particular, drive forward. But Jaguar is soon to undergo a transformation as a new, smaller range of cars and crossovers join the current lineup of F-Type, XF, XJ and XK to emulate the sales success Land Rover is enjoying, particularly with the Range Rover Evoque. That means yet more new jobs at Land Rover – 1,700 at Solihull – taking the new jobs Jaguar has created in the last few years to 11,000 and an additional  £1.5 billion product creation investment.

Tesla Model X crossover to be unveiled on Feb. 9

Rocketship impresario Elon Musk had previously promised the premiere of the Tesla Model X crossover last month. It's now come out that the electric crossover will be unveiled on Feb. 9 at the company's design studio in Hawthorne, Calif.