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Lamborghini reports drop in profits

Lamborghini has announced a pre-tax loss of £32m for 2009 as the world recession led to a slump in supercar sales. Lambo delivered 1515 supercars last year, down 38% from 2008's 2430.  Turnover dropped 41% to £215m. It's a far cry from the dizzy heights of the boom years.

Concept Car of the Week: Ford GT90

The second edition of ‘Concept Car of the Week' features what was hailed as "the world's mightiest supercar": the Ford GT90. The GT90 was unveiled at the 1995 Detroit auto show and acted as the poster boy of the 'New Edge' design philosophy, with its large, flat planes, angles and triangular shapes it was a major change in design direction. This car, completed in just six months, was something of a successor to the GT40, using some of its design cues such as doors that cut into the roofline, but underneath many components were borrowed from the other cars such as the Jaguar XJ220.

First Fiat 500s will have stick shifts

The 2012 Fiat 500 , heading to U.S. dealerships later than first expected, is enduring another hiccup: The first units arriving in dealerships in late February will have manual transmissions, the company said. Moreover, only about 20 percent of the 130 Fiat dealerships will be open when those first cars arrive, said Laura Soave, head of the Fiat brand in North America, at the Detroit auto show last week.