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Toyota RAV4 EV: Electric Toyota SUV not for sale

Toyota RAV4 EV - Not for Sale Note: Update to this story at the end. When we reported back in 2010 that there were plans afoot for an electric Toyota RAV4 (and a Lexus RX EV too, for that matter) it made sense. Toyota had just spent £35 million on a pile of Tesla shares, and done a deal for Tesla to use an old Toyota plant in Fremont which was about fifty times the size Tesla could ever need.

Is Ferrari for sale?

Reports out of Europe have Fiat considering selling a big chunk of Ferrari S.p.A. to raise cash so it can increase its stake in Chrysler Group to 51 percent. The Italian newspaper Il Corriere della Sera said it has gathered information at Fiat’s Turin headquarters and reported Fiat wants to raise cash to fund buying 51 percent of Chrysler, up from the 20 percent it owns now.

625 cars per day found to be insurance write-offs

ONE IN EVERY 33 vehicles given a history check is found to be an insurance write-off, according to data gathered by HPI. In 2012 one in 33 vehicles checked by HPI was an insurance total loss – otherwise known as a write-off. This equates to 625 cars a day or over 223,000 cars per year being dangerously repaired and sold on to unsuspecting consumers.