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Salon Privé 2010: The Cars

Salon Prive 2010 gets underway today for three days Salon Privé. It’s an event we are always happy to cheerlead because it offers a  great day out in great surroundings together with some of the best and most interesting cars on the planet – with complete access. Salon Privé 2010 kicked off today in the sumptuous grounds of the Hurlingham Club in Chelsea under an azure sky with just a trace of mackerel cloud for most of the afternoon.

Lamborghini reports drop in profits

Lamborghini has announced a pre-tax loss of £32m for 2009 as the world recession led to a slump in supercar sales. Lambo delivered 1515 supercars last year, down 38% from 2008's 2430.  Turnover dropped 41% to £215m. It's a far cry from the dizzy heights of the boom years.

Toyoda testimony: As automaker grew, safety suffered

Toyota Motor Corp. president Akio Toyoda plans to tell lawmakers on Wednesday that the company regrettably chased growth at the expense of safety in recent years, and he will announce steps to improve Toyota's handling of customer complaints. Toyoda's written testimony to the House Oversight and Government Reform Committee says the automaker's priorities “became confused.” “We pursued growth over the speed at which we were able to develop our people and our organization,” Toyoda says.