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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.

General Motors recalls Chevrolet Impala police cars to repair suspension part

General Motors is recalling 36,413 Chevrolet Impala police vehicles from model years 2008 to 2012. The problem is with the front lower control arm, which may fracture. GM says it may cause tire chirping at low speeds and could result in loss of control of the vehicle at higher speeds, leading to a crash.

Subaru recalls 275,000 Foresters for seatbelt fix

Subaru will recall certain Forester models produced in model years 2009-11. About 275,000 of the small SUVs could be affected by a problem with the automatic locking retractor in the seatbelt assembly. In the recall announcement, Subaru says the assemblies do not meet federal motor-vehicle safety standards for occupant crash protection.