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Start up mobility van maker VPG shuts down

Van maker Vehicle Production Group -- recipient of a $50 million loan from the U.S. Department of Energy -- has suspended operations and is in the process of being sold, its former CEO said Wednesday. The Allen Park, Mich., company, which made MV-1 vans for the disabled, terminated about 100 workers and closed its offices in February.

USA, UK & Germany will be top markets for the new BMW i8. You don’t say?

The BMW i8 (Pictured) will sell best in US, UK & Germany In a case of stating the obvious in a bid to keep interest in the BMW i8 high ahead of its debut at Frankfurt next month, Hendrik Wenders – the i8 product manager – has declared the biggest market for the BMW i8 will be the USA. As America is already BMW’s biggest market place, that’s not entirely a shock, and nor is the news that the UK and Germany will be the biggest markets in Europe. After all, they’re the only major economies in Europe without huge falling markets for cars.

Just one new Ferrari sold in Greece in 2012 – and it came to the UK!

Just one new Ferrari was sold in Greece in 2012 in the depths of Greece’s austerity, and it seems even that lone Ferrari came to the UK. None of which is particularly surprising considering the mess Greece has got in to since its tied itself to monster economies like Germany when it joined the Eurozone. There’s no doubt there are still plenty of gazillionaires in Greece, but how many of them would want to risk parading their wealth in a brand new Ferrari when Greece is in such a financial mess, more than one in four are out of work and soup kitchens are springing up as normal Greeks struggle to even feed themselves?