Don’t look now but Lamborghini is planning to invade the luxury car industry or as reports would have it. The funny thing is that I have always looked up to the Lambo as a luxury car in itself, though on a different level. And if the Italian car manufacturer’s intent is for real, expect the big leap to give Porsche and Aston Martin to be in for some good competition for their concept luxury cars.

What will the luxury Lambo have to offer? Well here are some of the things to watch out. The luxury model will be equipped with an all wheel-drive transmission and a V10 engine. It will come in a four-door sedan based on the Estoque concept. On whether the rumor is for real or not, the idea is not far-fetched.

(Source) Auto Spies

Tags: car industry, car manufacturer, drive transmission, funny thing, italian car, lambo, Lamborghini, leap, luxury car, luxury cars, luxury model, Porsche, wheel, wheel drive

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Many Ferrari lovers are eagerly awaiting the next release of the Italian car manufacturer and thanks to this site, we catch a glimpse of the latest Ferrari model, the F450. The Ferrari F450 is expected to replace the previous F430, promising more power and improved looks.

Official performance numbers have not been released as this car is still in the hush – hush mode but the car is rumored to have a new 4.5 liter Ferrari V8 engine that will sound like pure heaven to any motoring enthusiast.

New improved dynamics and a rear diffuser should also be fitted to the new Ferrari F450 giving it one very exotic shape.

(Source) Lux Velocity

Tags: car manufacturer, f430, Ferrari, ferrari f450, ferrari model, glimpse, heaven, italian car, performance numbers, shape source, velocity

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To calm some jumpy workers on their end, Chrysler has boldly announced that it will weather the crisis whether Fiat will come in or not. While the deal with the Italian automaker would bring an estimated $10 billion, a big help especially now that the economies are crashing for most business sectors.

“During the dialogue [with the presidential task force], and in the additional data we have supplied in response to their requests, we have continued to emphasize that Chrysler is a viable business on a stand-alone basis and our future is further enhanced through the proposed global alliance with Fiat,” he wrote.

Nardelli also estimated that the deal with Fiat, which would give the Italian car maker a 35% stake in Chrysler, would bring the company between $8 billion and $10 billion.

“There is still considerable work and negotiations that must be completed to meet the government’s target date of March 31,” Nardelli added. “I can assure you that we are working tirelessly to continue our progress with the assistance of the U.S. auto task force to meet the requirements set for us by the government.”

(Source) Market Watch

Tags: car maker, Chrysler, Fiat, global alliance, italian automaker, italian car, u s auto

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The funny thing is that this Italian car will not be available in the U.S. but it would never hurt to give car onlookers at the Geneva Auto Show a tempting glimpse of what they are missing.

The MiTo GTA Concept takes the swoopy little MiTo and cranks up the speed and style. Weight reduction was a priority with a carbon fiber rear hatch, roof, and mirrors with aluminum used throughout.

Should this little puppy ever make production we’ll have yet another car to put on the list of necessary gray market imports.

Tags: Alfa Romeo, aluminum, brakes, carbon fiber, geneva auto, gray market, high performance tires, italian car, liter, speed and style, weight reduction

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Each country seems to have their own share of problems these days. The latest news in the automotive sector is that Italy has approved a stimulus package that should help their own share of faltering problems in their economy as well.

Italy’s government has approved a $2.6bn stimulus package for its ailing car and domestic goods industries, in a bid to boost the country’s economy. The Italian car industry has been hit hard by the global economic downturn, with new vehicle registrations down by 32.6 per cent in January.

Under the government’s stimulus package, people trading in their cars will receive a payment of up to $1,930 to buy a new, more fuel efficient one.

Consumers will also receive a 20 per cent tax deduction on appliance and furniture purchases of over $12,890.

The plan is the latest attempt by Italy’s government to boost the economy amid the global financial crisis, after an economic stimulus plan announced in November was criticised for being ineffective.

(Source) Aljazeera

Tags: Cars, consumers, economic stimulus plan, economy, italian car, Italy, stimulus package, vehicle registrations

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