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Lamborghini reports drop in profits

Lamborghini has announced a pre-tax loss of £32m for 2009 as the world recession led to a slump in supercar sales. Lambo delivered 1515 supercars last year, down 38% from 2008's 2430.  Turnover dropped 41% to £215m. It's a far cry from the dizzy heights of the boom years.

Video: Buick Invicta

General Motor's Buick brand is blossoming in China, so the automaker chose the largest Chinese Auto Show this year to unveil its latest concept: the Invicta. Unlike the Riviera concept shown in Shanghai last year, the Invicta is slated for production soon given the level of refinement we saw when we viewed the car in Beijing. And unlike some market-specific new cars unveiled at the show, the Invicta will make its way to other markets across the globe. Click on the image on the left to see a video of the development and the designers who worked on the Invicta concept car.

One Lap of the Web: Porsche 917, a karting brawl and the premiere of Drive

The Porsche 917, in Gulf livery, is one of most famous racers of all time. Only 65 were built between 1969 and 1973. Petrolicious is looking at #13, which was one of the first 25 examples built.