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BMW i8 fetching 50% premiums in UK market

The BMW i8 (pictured) is commanding a 50% premium The simple rules of a capitalist market is that supply and demand dictate price. Which is why BMW’s i8 hybrid supercar is fetching premiums of up to 50 per cent. With the entire i8 supply sold out for the next year, those with deep enough pockets – and a compelling desire for an i8 – are turning to i8 owners who have already taken delivery and making them offer they can’t refuse.

Tesla: Model S sales to begin in second quarter of 2012

Tesla Motors plans to begin delivering the Model S electric sedan in the second quarter of 2012 and expects to produce about 20,000 units annually, the company said at the Detroit auto show on Monday. Tesla has booked more than 3,000 reservations for the Model S in North America and Europe. The car's expected base price is $49,000.

Warning over Bank Holiday traffic chaos

MORE THAN two million Britons will head overseas for the bank holiday weekend, with those staying at home having to contend with busy roads and disrupted rail journeys. While some are taking to the air to travel to Mediterranean hotspots, anyone getting the car out in the UK will have to compete for road space with an estimated nine million other vehicles. Around 500,000 passengers are expected to depart from Heathrow airport over the weekend, as well as 234,000 from Gatwick, 172,000 from Manchester, more than 150,000 from Scotland's airports and 134,000 from Stansted.