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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.

American hero Dave Kinney drags Avanti no. 2 back to life

Autoweek contributor, appraiser, valuation expert and rural quiz-bowl champ Dave Kinney has a thing for Studebaker Avantis. He claims to have owned around 100 of them, though we've heard that the real number is higher than that. One of those Avantis was the second one that Studebaker ever built.

Saab's latest factory shutdowns 'just a blip'

Saab’s liquidity crisis is a short-term ‘blip’, according to sources close to the company. Production at its Trolhattan plant in Sweden has been halted several times in the past fortnight, by suppliers refusing to deliver parts because of unpaid invoices. However, the company is confident that the impasse will be resolved soon.