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Want a 28% return on investment? Buy a Classic Ferrari.

The Wall Street Journal declares a classic Ferrari as a sound investment with returns in the last year averaging 28% on important models. It seems, especially if you’re a petrolhead, you can have your cake and eat it by investing in classic cars, and particularly in classic Ferraris, and not just see your investment on a balance sheet but in your garage too. The Wall Street Journal has been looking at ‘Treasure ASsets’ like fine wines, works of art and classic cars.

Design Contest: LA Design Challenge 2008

The entrants for the fifth annual Design Challenge, part of the Design Los Angeles automobile designers' conference, have now been announced. Nine Southern California automotive design studios - including Audi, BMW, GM, Honda, Mazda, Mitsubishi, Mercedes-Benz, Toyota and Volkswagen - have been pitted against one another and asked to develop a concept which best answers a brief entitled 'Motorsports in 2025'. "Automotive designers have always been fascinated with motorsports and this year's Design Challenge has provided them with the opportunity to use their creative talent to look at these cars with new eyes, using innovative technologies and approaches," said Chuck Pelly, director of Design Los Angeles and partner in The Design Academy, Inc.

SEAT Leon Cupra R arrives in the UK

The SEAT Leon Cupra R gets launched in the UK It was August last year that SEAT sent us a pile of bumph on the Leon Cupra R - the quickest SEAT to date – including a Cupra R press release we put up. We then had the Cupra R launch proper at Frankfurt in September, but it’s taken a further six months for SEAT to open up the order book in the UK (officially from 1st April) and no doubt a month or three more until the first UK customer gets to go and play. So was it worth the wait, this SEAT Leon Cupra R?