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Infiniti to sell luxury EV in 2013

Infiniti plans to launch its first luxury electric vehicle in the United States and other global markets in 2013. Nissan Motor Co.'s luxury division said Friday that the Infiniti EV will be “a stylish, high performance five-seat luxury vehicle with zero emissions technology.” Infiniti first announced plans to market an electric vehicle last year but offered few details until now. It will be based on the same platform as the Nissan Leaf, an electric car scheduled to go on sale later this year.

Parade celebrates astronauts and Corvettes

After Alan Shepard became the first American to travel into outer space in 1961, General Motors executive Ed Cole presented the astronaut with a new 1962 Chevrolet Corvette, customized with a space-age interior. Shepard had brought along his own 1957 Corvette when he reported for the space-training program in 1959. Thanks to a special lease arrangement between the space men and a Melbourne, Fla., Chevy dealership, six of the Mercury Seven astronauts were Corvette owners.

BMW i8 fetching 50% premiums in UK market

The BMW i8 (pictured) is commanding a 50% premium The simple rules of a capitalist market is that supply and demand dictate price. Which is why BMW’s i8 hybrid supercar is fetching premiums of up to 50 per cent. With the entire i8 supply sold out for the next year, those with deep enough pockets – and a compelling desire for an i8 – are turning to i8 owners who have already taken delivery and making them offer they can’t refuse.