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Lamborghini Aventador deliveries may be delayed

Lamborghini's factory in Sant'Agata Bolognese, Italy, survived the recent earthquakes in the region undamaged. Production at the factory has resumed but deliveries of Lamborghini's 691-hp Aventador may be delayed because of supplier troubles. The initial sequence of earthquakes struck the Modena province of northern Italy on May 20 and was followed by another series of tremors on May 29.

F1 Budget Cap – No two-tier system says Ecclestone

Bernie Ecclestone says there will be no two-tier system in the F1 budget cap row [ad#ad-1] All eyes have gone off the stunning start to this year’s F1 circus with the news that Ferrari, Renault, Red Bull and several other teams have threatened to quit F1 next year in protest at the budget cap proposal and the two-tier system that appears to create. In a nutshell, the FIA – lead by Max Mosley – has imposed a £40 million cap on F1 team expenditure for next year (excluding driver costs, marketing costs and transport), but has said that teams who don’t adhere to the cap can still compete, but will be handicapped. Not surprisingly, the richer teams have objected and, on the face of it, it starts to look as if F1 as we know it is going to bite the dust.

Former Chrysler chief LaSorda joins Fisker

Former Chrysler CEO Tom LaSorda will join Fisker Automotive as vice chairman, in the plug-in hybrid maker's second signing of an ex-Detroit 3 executive this week. CEO Henrik Fisker said LaSorda's position will include a day-to-day executive advisory role, as the fledgling automaker ramps up production of the Karma sedan at its Wilmington, Del., factory over the coming year. LaSorda will be chairman of the company's strategy council.