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Marchionne says he'll likely step aside from Chrysler in 2015 or 2016

Chrysler CEO Sergio Marchionne on Wednesday hinted that he will be stepping aside from the helm of the U.S. automaker within five years. During a question-and-answer session at the 2011 Management Briefing Seminars in Traverse City, Mich., the 59-year-old executive said Chrysler's future plans "will be up to the guy after me--after 2015 or maybe a year later….

First Lamborghini Huracans making £30k premiums

Lamborghini Huracan (pictured) fethcing premiums of up to £30k Tim Marlow, Director of Magnitude Finance, has revealed that two of their clients are amongst the first UK buyers due to get their car, and despite financing the purchase they’ve already decided to flip their car as soon as it arrives for a quick return. One has already secured a £27k premium for the car – which he won’t even bother to drive before he sells it on – and the expectation is that premiums could hit £30k in the first months after the Huracan arrives, such is demand for Lamborghini’s new supercar. But with UK dealers expecting just 4 cars each in 2014 (although Lamborghini London are getting a few more) those buyers who got in quick for an early delivery are sitting on a near 20 per cent profit as the less organised seek to get behind the wheel.

Lexus previews production NX compact crossover

Lexus has published a preview of the 2015 Lexus NX luxury compact crossover, scheduled to debut April 20 at the 2014 China auto show in Beijing. The upcoming Lexus NX is meant to battle the likes of the BMW X1, the Audi Q3, and the Mercedes-Benz GLA, and it was previewed earlier in concept form as the LF-NX. Lexus has once again gone from concept to production vehicle in record time, and if this teaser image is any indication, it has significantly toned town the design of the LF-NX concept -- no surprise there, though in this case it appears Lexus has ditched the angular design language almost entirely.