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Lamborghini Aventador deliveries may be delayed

Lamborghini's factory in Sant'Agata Bolognese, Italy, survived the recent earthquakes in the region undamaged. Production at the factory has resumed but deliveries of Lamborghini's 691-hp Aventador may be delayed because of supplier troubles. The initial sequence of earthquakes struck the Modena province of northern Italy on May 20 and was followed by another series of tremors on May 29.

Saab turns down takeover offer from Chinese investors

Swedish Automobile, owner of Saab, has turned down a takeover offer from China's Zhejiang Youngman Lotus Automobile Co. and Pang Da Automobile Trade Co. Youngman and Pa Dang signed a nonbinding memorandum in July to take a combined 53.9 percent stake in Swedish Automobile for about $338 million.

Electric car sales DOWN 20% in 2012 – time to scrap subsidies for EVs?

The SMMT are reporting that sales of electric cars in the UK have fallen by 20 per cent in the year to date (2012). Despite every green evangelist proclaiming that electric cars are the way to save the planet from imminent doom, UK car buyers obviously disagree. Despite a taxpayer bribe of £5000 to buy an over-priced electric car, car buyers have not exactly taken to the EV in droves.