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Italy’s Supercar sales down 80% as Italy heads for 50 year car sales low

Sales of Supercars in Italy have dropped 80% in the last 5 years and car sales look set to drop to the lowest point since 1966. We all know the Eurozone is finally paying the price for stitching together powerhouse economies and basket case ones with the same blunt fiscal tools to control their economies. And even Italy – once a major Southern European economy – seems to be as big a basket case as Greece and Cyprus if you start to dig a bit.

BMW 5 Series GT (w/ Video)

BMW officially took the wraps off the production version 5 Series Gran Turismo today. The new model, previewed in concept form at the Geneva motor show in March, is set to bridge the gap between the automaker's X5 SUV and the 5 Series Touring wagon. As we expected, BMW has remained true to form: the 5 Series GT is identical to the design of its concept precursor, including a lower body section and taillamps that call to mind the latest BMW 7 Series, a front end reminiscent of the CS concept, and an upper cabin design familiar to anyone who's seen an X6.  The interior has seen the most change, if only in color and trim.

Chevrolet Aveo RS Concept revealed

The Chevrolet Aveo RS Concept will appear at the Detroit Motor Show It really does say something about the changing car landscape in the US that the reveal of a US hot hatch is something that people are sitting up and taking notice of. True, it may be badged a Chevy but this is a Daewoo Chevy, not a gas-guzzling big V8 Chevy. Still, never mind.