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De Tomaso boss arrested by Italy’s tax police

Gian Mario Rossignolo, Chairman of bankrupt De Tomaso, has been arrested by Italian Tax Police over misuse of public funds. There was always something a little odd about the plans of Gian Mario Rossignolo for De Tomaso. Not at first, it’s true, but when De Tomaso delivered the Deauville Crossover as the opening salvo we all knew the new De Tomaso was an accident waiting to happen.

Crunch watch July 09: the auto industry in crisis

By Tim Pollard, Ben Pulman, Ben Whitworth and Alex Michaelides Motor Industry 31 July 2009 11:23 Welcome to CAR's news aggregator as we round up the seismic change in the auto industry. Top tip: news summaries are added from the top hour-by-hour  Friday 31 July 2009• Lamborghini today posted pre-tax profits of €5.4 million – despite a sales drop of 37% in the first six months of 2009. Sant'Agata said turnover hit €156.9m in the first half (down 43%) as it sold 825 cars globally (Lamborghini)• British motorists could have to pay £250 in tax to park at work from 2012.

BMW M3 CRT (2011) first official pictures

This is the BMW M3 CRT. It's a lightweight special edition, mating track-spec technology from the M3 GTS with the M3 saloon body. The M3 CRT was unveiled at a BMW M function prior to the 2011 Nurburgring 24hr race this weekend.