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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.

2012 Volkswagen Passat priced at $20,765

The all-new 2012 Volkswagen Passat, looking to be a big player in the highly competitive midsize segment and the first car to be built at a new Chattanooga, Tenn., assembly plant, will come to market this fall with a base sticker price of $19,995, plus $770 destination charge. The 2012 Passat will be sold with three powertrains and a variety of equipment levels. “The 2012 Passat is a true Volkswagen, offering German engineering, class-leading standard features and superior fuel economy, all for a remarkable value,” said Jonathan Browning, CEO of Volkswagen Group of America.

GM completes sale of Saab to Spyker

General Motors today completed the sale of its Swedish Saab brand to Dutch luxury sports car maker Spyker Cars NV, marking the first successful sale of one of its four unwanted U.S. brands. The transaction combines Saab Automobile and its 3,400 employees with Spyker Cars and its 110-plus workers.