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Fiat 500e EV LOSES $14,000 on every one sold – so please don’t buy, says Marchionne

Fiat lose $14,000 on every electric 500e The electric Fiat 500e arrived as a concept at the Detroit Auto Show in 2010 and finally arrived as a production reality at the Los Angeles Show in 2012 before going on sale in the US. The 500e is an appealing little car for zapping around town, especially if you only do a relatively low mileage every day and have somewhere to plug it in. But it is rather expensive.

Concept Car of the Week: Mercedes T80 (1939)

In the decade before World War II, no other carmaker even came close to matching the combined dominance of Mercedes-Benz and recently founded Auto Union. Supported by Adolf Hitler's Nazi government, the two brands had grander plans to demonstrate Germany's technological supremacy. In August 1936, Auto Union engineer Ferdinand Porsche and race car driver Hans Stuck approached Wilhelm Kissel, chairman of Daimler-Benz, and presented a plan to build a car that would set a new land speed world record.

McLaren MP4-12C Spider (2012) first teaser photo

McLaren today issued this first teaser photograph of the second model in its fledgling road-car line-up: the new McLaren MP4-12C Spider. No prizes for spotting it's a convertible version of the existing MP4-12C coupe. Expect it in showrooms later in 2012, priced to compete with the £198,936 Ferrari 458 Spider.