Boeing / Airbus Oxygen Control Panel on 2040-parts.com

LaFerrari commanding £1 MILLION premium – and the McLaren P1 and Porsche 918 Spyder attracting premiums too

LaFerrari commanding £1 MILLION premium Being at the top of the new owners list for a very desirable, and scarce, car can yield big benefits, and none more so recently than for Ferrari’s hypercar – the LaFerrari. Oracle Finance has been busy looking at the premiums being charged for desirable cars (and, presumably, willing to finance to premium too) and have discovered that those not on Ferrari’s VIP list – and therefore not invited to buy a LaFerrari from Maranello – are willing to pay a premium of £1 million to get their hands on Ferrari’s replacement for the Enzo. But it’s not just LaFerrari that’s commanding hefty premiums.

Drayson electric racer breaks four speed records

A BRITISH electric racing car has set four new land speed records on the same day. The Drayson Racing prototype racing car, which is powered solely by electricity, set new benchmarks for speeds over one mile and one kilometre with a flying start, plus a new standing quarter-mile acceleration record. The fourth record, subject to ratification, is a British land speed record for cars of any type driven by their wheels over one mile from a flying start.

McLaren denies Ron Dennis demotion rumors

McLaren has denied reports that boss Ron Dennis is being demoted in the wake of the automotive division he heads losing money. Germany's Auto Motor und Sport broke the news this week that Dennis could be demoted. He is known for shaping McLaren into a motorsports powerhouse, and has spearheaded its automotive division since 2009.