Lamborghini has announced that it is to cease production of its V10 Gallardo. But the Italian company has a replacement waiting in the wings that it is set to unveil in 2013.

Bugatti plans to debut what could turn out to be the new fastest car in the world at the Frankfurt Motor show in 2013.

Lamborghini CEO Stephan Winkelmann said global demand for ultra-luxury sports cars will probably not increase next year.

Lamborghini has unveiled the Roadster version of its Aventador speedster, which generates 700hp and boasts similar performance specs as the model it is based on, but adds a removable carbon fiber roof.

Every year, Neiman Marcus’ Christmas Book special has a very uber-expensive luxury vehicle that gets sold out pretty quickly.

This year, Neiman Marcus teamed up with McLaren Automotive to offer a total of 12 units of a special-edition MP4-12C Spider at a whopping $354,000.

Mercedes-Benz and AMG have been teasing us with the prospect of an all-electric supercar since the SLS AMG E-Cell concept broke cover in 2010.

Now at the Paris Motor Show, Mercedes has presented the public with an all-electric SLS that’s set to become the fastest production electric supercar in the world.