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LaFerrari commanding £1 MILLION premium – and the McLaren P1 and Porsche 918 Spyder attracting premiums too

LaFerrari commanding £1 MILLION premium Being at the top of the new owners list for a very desirable, and scarce, car can yield big benefits, and none more so recently than for Ferrari’s hypercar – the LaFerrari. Oracle Finance has been busy looking at the premiums being charged for desirable cars (and, presumably, willing to finance to premium too) and have discovered that those not on Ferrari’s VIP list – and therefore not invited to buy a LaFerrari from Maranello – are willing to pay a premium of £1 million to get their hands on Ferrari’s replacement for the Enzo. But it’s not just LaFerrari that’s commanding hefty premiums.

Detroit will be back, Schwarzenegger tells SAE conference

Borrowing his most famous movie line, California Gov. Arnold Schwarzenegger stepped into the heart of the domestic car industry today, declaring that the Detroit automakers will recover from the economic crisis. "Yes, they're wiped out.

Missed Shift? American Top Gear struggles to find its own identity

"What happened to Top Gear?" my favorite bartender asked this past weekend. "Somebody took the BBC's scripts and wrote Tanner, Rutledge and Adam over cues which previously said Jeremy, Richard and James," I replied. It's an easy sideswipe I admit, but for me--and I'm guessing for the automotive enthusiasts who constitute AutoWeek's audience--it largely tells the tale.