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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.

Bush leaves CAFE decision for Obama

The Bush administration has decided to punt its promised decision on new fuel economy standards to the Obama administration. In a statement this morning, the U.S. Department of Transportation said it will not issue final rules for fuel economy standards for the 2011-15 model years as planned.

Nissan Juke n-tec arrives in the UK: Price from £16,295

Nissan has revealed a new model in the Juke range – the Juke n-tec – with cosmetic tweaks and extra equipment  Cost from £16,295. It was a move that gave Nissan an edge as car makers woke up to the realisation that car buyers wanted something a bit higher riding and a bit more butch than a saloon car to ride around, leaving other car makers hustling to catch up with Nissan’s Crossover jump. And it was the success of the Qashqai that inspired Nissan to follow up with a little brother in the shape of the ‘I’m ugly but I’m funky’ Nissan Juke, which looks a bit like a four-wheeled bug prowling the urban landscape, but which is actually a good little car.