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Italy’s Supercar sales down 80% as Italy heads for 50 year car sales low

Sales of Supercars in Italy have dropped 80% in the last 5 years and car sales look set to drop to the lowest point since 1966. We all know the Eurozone is finally paying the price for stitching together powerhouse economies and basket case ones with the same blunt fiscal tools to control their economies. And even Italy – once a major Southern European economy – seems to be as big a basket case as Greece and Cyprus if you start to dig a bit.

Hot European sales delay U.S. launch of the BMW X1 possibly until 2012

BMW won't launch the X1 small crossover in the United States before late this year, and the vehicle may not arrive until 2012 because of hot demand in Europe. "We are supply constrained," said Jim O'Donnell, CEO of BMW of North America. "As long as they keep selling them, I do not know when we are going to get it." The decision to delay U.S.

Budget hits gas-guzzlers

By Ben Pulman Motor Industry 03 June 2007 02:00 Gordon Brown’s budget didn’t throw up too many surprises; after all, we expected him to take more money out of the motorist’s pocket. Below are the changes due over the next three years. An increase of 2p per litre this year, 2p in 2008-09, and 1.84p in 2009-10.