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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.

Mansory unveils 1,600-hp Carbonado GT under a carbon fiber panda body

European tuners show up at the Geneva Motor Show in spades to display their very expensive wares in hopes of finding a handful of buyers. The only way to set your company apart is to make cars that are increasingly extreme. Mansory is no different, and to keep up with competitors it has brought the 1,600-horsepower Carbonado GT to Switzerland.
The GT starts life as a Lamborghini Aventador LP700-4, but practically every body panel is replaced with new carbon fiber pieces. It doesn't hide it either with the entire center portion of the car finished in clear-coated carbon. The biggest changes include fenders that are 1.6-inches wider at the front and 2.0-inches wider in the rear, and even the wheels have carbon inlays.
To make sure the Carbonado GT has the power to back up its hardcore looks, Mansory has fitted the Aventador's 6.5-liter V12 with two turbochargers to produce the aforementioned 1,600 hp and torque electronically limited to 855 pound-feet. The powertrain is upgraded to take the boost with pistons, connecting rods, rod bearings, crankshaft and cylinder head being replaced with high-performance units. Mansory claims the highly modified engine gets the GT to 62 miles per hour in 2.1 seconds and to a top speed of 230 mph.

Teen who stole Guy Fieri's Lamborghini gets life in prison [w/video]

If you're currently on a crime spree, we'd recommend against stealing the Lamborghini of a popular, bleached-blonde chef, lest you end up getting sentenced to life in prison. That's not to say 19-year-old Max Wade's life sentence was simply due to pilfering Guy Fieri's Lambo - an attempted murder charge for a drive-by shooting, among other crimes, also played a role - but we doubt it did much for his case.
You'll recall we last reported on Fieri's missing Gallardo Spyder in April of 2012, when it was reported that the Marin County Sheriff's Department and Mill Valley Police Department recovered the car from a storage container, that also housed the motorcycle Wade, then 17, used in the drive-by. Wade originally stole the V10-powered droptop from a San Francisco dealership in 2011, reportedly by rappelling onto the dealership's roof.
Wade was charged as an adult for his crimes, despite being a minor when they were committed, and could be eligible for parole at an unspecified date. That said, he's also facing a separate sentence of over 21 years, according to Boston.com. Scroll down for the news report from KPIX-5, the Bay Area's CBS affiliate.