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Why Italians are no longer buying supercars

Italy is the wound that continues to drain blood from the body financial of Italian supercar and sports car makers. The wound was opened by the country's various financial police who decided to get serious about superyacht-owning and supercar-driving tax cheats a few years ago, by noting their registrations and checking their incomes. When it was found that a rather high percentage of exotic toy owners had claimed a rather low annual income - certain business owners were found to be declaring less income than their employees - the owners began dumping their cars and prospective buyers declined to buy.
Car and Driver has a piece on how the initiative is hitting the home market the hardest. Lamborghini sold 1,302 cars worldwide in 2010, 1,602 cars in 2011 and 2,083 cars in 2012 - an excellent surge in just two years. In Italy, however, it's all about the ebb: in 2010, the year that Italian police began scouring harbors, Lamborghini sold 96 cars in Italy, the next year it sold 72, last year it sold just 60. The declines for Maserati and Ferrari are even more pronounced.
Head over to CD for the full story and the numbers. What might be most incredible isn't the cause and effect, but where the blame is being placed. A year ago the chairman of Italy's Federauto accused the government of "terrorizing potential clients," this year Luca di Montezemolo says what's happening has created "a hostile environment for ­luxury goods." Life at the top, it ain't easy.

Jay Kay's 1955 Maserati A6G/54 on the docket for Pebble Beach

Gooding & Company has revealed the highlights of its consignments for its Pebble Beach auction during the action-packed Monterey weekend. At the top of the list is the classic 1955 Maserati A6G/54 Frua Berlinetta currently owned by Jamiroquai frontman Jay Kay. This Maserati, the show car from the 1955 Paris Auto Salon, features Frau coachwork, won Best in Show at the Salon Privé, and is expected to fetch between $1.5 and 2 million.
No less prestigious is the 1938 Bugatti Type 57C Stelvio convertible that belonged to Prince Louis Napoleon of France, grandson of Emperor Napoleon I and noted Bugatti collector of the time. Supercharged from the factory, the stunning two-tone droptop is projected to sell for $1.3 to 1.6 million.
Finally, an original 1966 Shelby 427 Cobra is on the docket, with pre-sale estimates at $750,000 - $950,000. See below for the full press release and watch this space as the classic car world gears up for Pebble Beach.

2014 Maserati Ghibli snarls in Shanghai

Big things are happening at Maserati, where the automaker is looking to increase its sales to 50,000 units annually. In addition to the revised Quattroporte that we saw at the Detroit Auto Show earlier this year, Maserati has launched the all-new Ghibli here in Shanghai - a smaller, more driver-focused model that will take on the likes of the Audi A6, BMW 5 Series and Mercedes-Benz E-Class.
At launch, the Ghibli will be offered with three six-cylinder engines, two gas and one diesel. The base engine is a turbocharged 3.0-liter V6 with 330 horsepower and 368 pound-feet of torque, good for a 0-62 time of 5.6 seconds. The more powerful Ghibli S, however, comes with a twin-turbocharged version of this engine, good for 410 hp and 406 lb-ft, reducing that 0-62 time to just five seconds flat. On the diesel end, the Ghibli will offer a 3.0-liter diesel V6 with 275 hp and 443 lb-ft of twist, able to do that same 62-mile-per-hour run in a still impressive 6.3 seconds. The more powerful Ghibli S will also be available with Maserati's new Q4 all-wheel-drive system, though we're told that this feature cannot be had on right-hand-drive versions.
As for what we can see here in Shanghai, the Ghibli looks pretty darn good, though that front fascia reminds us an awful lot of the BMW 3 Series. (Seriously, just picture the Bimmer with a more gaping grille opening.) Maserati will offer the Ghibli with standard 18-inch wheels, though 19s, 20s, and even 21s will be available as optional extras.