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Russia gets its first Lamborghini dealership

While luxury supercars have been a status symbol of the new upper class in Russia, owners often have resorted to buying secondhand or going out of the motherland for their latest top-dollar vehicle acquisitions. Automobili Lamborghini is betting on the continued strength of the Russian market by opening its first dealership in that county in conjunction with the Burevestnik Group, a luxury-automobile and yacht company, in Moscow. “We are very proud of representing Lamborghini in Moscow,” said Andrey Lomakin, co-owner of the Burevestnik Group.

FCA issues warning on logbook loans

VULNERABLE people who use their car as security to take out a loan are finding themselves squeezed even harder financially and even threatened, the City regulator has found. The Financial Conduct Authority warned it will put firms offering logbook loans out of action if they do not "dramatically" improve their standards, after finding evidence of poor behaviour including little or no affordability checks being carried out and some applicants being encouraged to manipulate details of their income. It said lenders are failing to properly spell out exactly how expensive such debts will be, with the true cost often masked by an emphasis on "low" weekly repayments and key terms and conditions buried in small print.

Carrozzeria Touring Superleggera teases Geneva concept car

Carrozzeria Touring Superleggera has released a teaser image of its 2012 Disco Volante Concept, which will debut at next month's Geneva motor show. In 1952, the Italian coachbuilder Carrozzeria Touring teamed up with Alfa Romeo to create a series of special-bodied cars to trial new technologies as well as being easily adaptable for racing. Perhaps the most famous (and beautiful) was the 1952 Alfa Romeo Disco Volante (C52) which was based on the Alfa 1900, with both coupe and Spider convertible bodies produced.