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First Lamborghini Huracans making £30k premiums

Lamborghini Huracan (pictured) fethcing premiums of up to £30k Tim Marlow, Director of Magnitude Finance, has revealed that two of their clients are amongst the first UK buyers due to get their car, and despite financing the purchase they’ve already decided to flip their car as soon as it arrives for a quick return. One has already secured a £27k premium for the car – which he won’t even bother to drive before he sells it on – and the expectation is that premiums could hit £30k in the first months after the Huracan arrives, such is demand for Lamborghini’s new supercar. But with UK dealers expecting just 4 cars each in 2014 (although Lamborghini London are getting a few more) those buyers who got in quick for an early delivery are sitting on a near 20 per cent profit as the less organised seek to get behind the wheel.

New Mercedes ML63 AMG (2012) revealed UPDATED: ML63 AMG video

New Mercedes ML63 AMG (2012) revealed ahead of LA Show Just a five months on from the debut of the 2012 Mercedes M Class we now get the bonkers version revealed ahead of the 2011 Los Angeles Motor Show – the 202 Mercedes ML63 AMG. Teased last week on Mercedes’ Facebook page, the new ML63 is exactly what we expected from the quickest SUV Mercedes has ever produced. As expected the ML63 gets the new Mercedes twin-turbo 5.5 litre V8.In the ML63 it delivers 518bhp and 516lb/ft of torque enough, Mercedes say, to dispatch the 0-60mph sprint in a ridiculous 4.7 seconds and on to a limited 155mpoh top speed.

Caterham F1 team sold: 'F1 hasn't worked' - Fernandes

Tony Fernandes today sold his struggling Caterham F1 team By John Mahoney Motor Industry 02 July 2014 16:04 Caterham Group has announced it’s sold Caterham F1 to a consortium of Swiss and Middle Eastern investors. Caterham cars is not part of the sale. In a statement issued today, the sale of the team was said to allow the Caterham Group to focus on its ‘core activities’ that include the British car maker.