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Lexus sales up but Toyota's profits tumble

By Ben Whitworth Motor Industry 13 August 2008 13:25 With spiralling fuel prices, luxury off-roaders may be seen as the devil on wheels in the UK’s current cash-strapped economic climate – which would explain why last month saw a sharp drop in SUV sales at BMW, Audi and Mercedes. But not at Lexus. July 2008 sales of the company’s RX400h hybrid off-roader climbed 28 percent over the same period last year, rising from 223 to 285.

Detroit Electric SP:01 (2014) nears production. The next Tesla?

By Tom Gregory Motor Industry 19 June 2014 11:26 New US based electric car maker, Detroit Electric, has been conducting final testing in Europe of its new SP:01 sports car.Described by Detriot Electric as the “world’s fastest production electric vehicle”, the rear-wheel-drive two-seat convertible is now nearing production having initially been unveiled in the USA and China last year. In a word, yes. Much like the equally electric Tesla Roadster, the SP:01 is built on the aluminium chassis of the Lotus Elise and as such, shares more than a passing resemblance with the Norfolk-built sports car.

Ferrari 250 GTO sets new world record with £32 million sale

The Ferrari 250 GTO was already the most expensive car in the world ever sold: now, it has cemented its position as reports emerge of an example selling for a staggering £32 million ($50.3m). That’s an increase of almost 50% on the selling price of the former record-setting 250 GTO, an example built for Sir Stirling Moss and sold in 2012. The latest deal is a private transaction and both the identity of the new owner and the location of the car are being kept secret.