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LaFerrari commanding £1 MILLION premium – and the McLaren P1 and Porsche 918 Spyder attracting premiums too

LaFerrari commanding £1 MILLION premium Being at the top of the new owners list for a very desirable, and scarce, car can yield big benefits, and none more so recently than for Ferrari’s hypercar – the LaFerrari. Oracle Finance has been busy looking at the premiums being charged for desirable cars (and, presumably, willing to finance to premium too) and have discovered that those not on Ferrari’s VIP list – and therefore not invited to buy a LaFerrari from Maranello – are willing to pay a premium of £1 million to get their hands on Ferrari’s replacement for the Enzo. But it’s not just LaFerrari that’s commanding hefty premiums.

GM, Fiat considered merging Europe operations, report says

General Motors Co. and Fiat S.p.A. "briefly" discussed a merger of their European operations earlier this year, the Wall Street Journal reported, citing people familiar with the talks.

Kia Quoris is production name for equally daft Kia K9

Kia has decided that its range-topping take on the BMW 7 Series should enter the market as the Kia Quoris. We can understand why Kia made the decision to seek a name for its new range-topping saloon for markets outside South Korea. After all, Kia K9 has a distinctly ‘pooch’ feel in the West (not to mention Dr Who’s sidekick), and chuck in the Korean predilection for eating man’s best friend and you have a PR problem along the lines of the Mitsubishi Pajero in Spain.