A Korean firm is to debut a new electric super car later this year, promising performance which will exceed that of the current market leader Tesla.

Leo Motors, a little known manufacturer based in Korea, said this week that its LZ-1 supercar is being readied for a debut in 2011, having been perfected during the five-year development process.

Built from carbon fibre and aluminium alloy, it promises impressive performance — speeds of up to 161 miles per hour (259 km/h) and a 0-60 mph (0-97 km/h) speed of 2.9 seconds, making it one of the fastest EVs — and indeed cars — on the planet.

Lamborghini announced this week that it is considering adding an “everyday” car to its portfolio, raising figurative eyebrows across the internet.

For a brand long associated with the most expensive things in life, Lamborghini’s announcement at a Reuters summit seemed a little out of character.

But, argued Lamborghini boss Stephen Winkelmann, the brand wants to have something that can be used on a daily basis.

It will be the third model line from Lamborghini, which currently offers the €145,000 Gallardo and €225,000 Aventador.

Ferrari launched its first dealership in India on Thursday, seven years after it entered China but with the same aim of satisfying demand for flashy cars from the growing class of Asia’s super-rich.

The full range of sports cars from the Italian manufacturer will be on sale, with the cheapest model, the California, priced at 22 million rupees (485,000 US dollars) after punitive import tariffs of more than 100 percent are applied.

“We decided that after 2010 India was ready for Ferrari,” group chief executive Amedeo Felisa told reporters at the launch of the dealership in central New Delhi.

Aston Martin has unveiled the new concept V12 Zagato supercar ahead of its first showing in Italy.

The V12 Zagato is an interpretation of Aston Martin’s V12 Vantage by Italian design house Zagato, the latest in a line of collaborations between the two brands.

The first Zagato premiered in 1960 and was based on the DB4 GT, beginning a series of models which included the V8 Zagato, the DB7 Zagato and the DB AR1.

Lamborghini will launch a production version of Sesto Elemento concept in October. The vehicle will start arriving at dealerships in the third quarter of 2011.

Auto Motor and Sport magazine says production will be limited to 10 or 20 units and pricing will surpass €1.9 ($2.8) million.

The Sesto Elemento featured a 5.2-liter V10 engine that developed 570 PS (419 kW / 562 hp) and 540 Nm (398 lb-ft) of torque.

Jaguar is to put its hybrid supercar concept into production, it announced May 6.

The British luxury marque will begin building the C-X75, originally shown as a concept at the 2010 Paris Motor Show, as part of a limited-edition run of 250 models.

The C-X75 was one of the stars of last year’s Paris show, packing futuristic twin turbine generators which weighed 50 kg each to power its four electric engines and reach a top speed of 205 mph (330 km/h).