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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.

Two million drivers risk insurance fraud

MORE THAN 2 million drivers in the UK could be at risk of committing insurance fraud by claiming they are the main driver on a policy when someone else uses the car. As many as 6% of the UK’s drivers are risking invalidating their insurance by letting someone else drive the car for most of the time despite claiming they are the principal driver. Known as ‘fronting’, this kind of insurance fraud is common among parents helping their children to get cheaper car insurance.

Barcelona’s Ferrari Land to open in 2016

Ferrari and PortAventura Entertainment -- a subsidiary of industrial solutions and capital company Investindustrial -- have inked a deal to build a new Ferrari Land amusement park inside the PortAventura resort near Barcelona, Spain. The theme park will cover 807,000 square feet, including attractions like Europe’s highest and fastest roller coaster, five-star accommodations, 250 hotel rooms and a driving simulator. The project involves an investment of 100 million euro ($139 million).