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First Lamborghini Huracans making £30k premiums

Lamborghini Huracan (pictured) fethcing premiums of up to £30k Tim Marlow, Director of Magnitude Finance, has revealed that two of their clients are amongst the first UK buyers due to get their car, and despite financing the purchase they’ve already decided to flip their car as soon as it arrives for a quick return. One has already secured a £27k premium for the car – which he won’t even bother to drive before he sells it on – and the expectation is that premiums could hit £30k in the first months after the Huracan arrives, such is demand for Lamborghini’s new supercar. But with UK dealers expecting just 4 cars each in 2014 (although Lamborghini London are getting a few more) those buyers who got in quick for an early delivery are sitting on a near 20 per cent profit as the less organised seek to get behind the wheel.

2009 Michelin Challenge Design theme announced

Michelin today announced the 2009 theme for its global vehicle design competition, Michelin Challenge Design (MCD), asking entrants to explore the future of transportation and share their brave and bold vision for 'America's Next Iconic Vehicle.' Designers this year are asked to render unique vehicle concepts that demonstrate emotional appeal, design courage and technical execution. Additional consideration will be given to entries with attributes that benefit safety and the environment and include a separate rendering of the tire and wheel component assembly.   Vehicle designs that best represent "Brave + Bold, America's Next Iconic Vehicle" will be reviewed by a jury of professional designers whose names will be announced later in 2008.

Mitsubishi Outlander plug-in hybrid ‘game-changer’ to cost same as diesel model

Mitsubishi Mitsubishi UK has revealed it will sell its new Plug-In Hybrid Outlander EV for the SAME price it retails diesel versions of the Land Rover Freelander rival, rather than many thousands of pounds more – a move managing director Lance Bradley believes has the potential to "blow the market apart. "It could be a gamechanger," he told MSN Cars as the firm prepared to reveal the car’s price. "A car like this comes along once in a generation: this could be our Mazda MX-5, our Jaguar F-Type." On Bing: see pictures of the Mitsubishi Outlander PHEVFind out how much a used Mitsubishi Outlander Including the £5,000 UK government subsidy for plug-in vehicles, the entry-level Outlander PHEV GX3h will be priced from £28,249, the same as the diesel-powered Outlander GX3h auto.