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'Rambo Lambo' off-roader to sell for £100,000

A very rare Lamborghini off-roader dubbed the "Rambo Lambo" is expected to sell for more than £100,000 at auction.

The off-road 'Rambo Lambo'. Credit: SWNS

The 1987 Lamborghini LM002 off-road beast will be on display at Bonhams’ annual auction held at the RAF Museum in Hendon on April 28.

The interior of the very rare Italian 4x4. Credit: SWNS
The engine of the 'Rambo Lambo'. Credit: SWNS

Vauxhall boss: 'Good times are back' in car sales boom

The boss of Vauxhall has welcomed a boom in new car sales in the UK and has said it showed "the good times are back".

With figures for March at their highest for 10 years, Vauxhall's Tim Tozer said it shows greater confidence in the economy.

But he insisted that there will not be be a return to boom and bust.

ITV Business Editor Joel Hills looks at the reasons behind the sales surge:

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New car sales at their highest level for a decade

New data from the Society of Motor Manufacturers show new car sales in March were at their highest level since 2004.

  • 464,824 cars were registered in March, a 17.7% year-on-year rise
  • Sales in the first three months of the year up 13.7% compared to 2013
  • Second-highest monthly figure since the introduction of twice-yearly registrations in 1999

Vauxhall boss: 'This is not boom and bust territory'

In his first interview, the new head of Vauxhall UK has told ITV News that rising house prices are helping car sales because of increased consumer confidence.

But Tim Tozer insisted to Business Editor Joel Hills that a rise in car sales did not herald a return to "boom and bust territory".

Vauxhall boss: 'The good times are back' for car industry

The new head of car company Vauxhall has told ITV News Business Editor Joel Hills that "the good times are back" following an upturn in car sales.

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Honda job losses are 'a wake-up call for Government'

Unite described the expected loss of 340 jobs at a Honda plant in Swindon as "a devastating blow" and said that the fact people do not "have the cash to spend" should cause the Government serious concern.

These job losses are a devastating blow, not just for these workers but for the thousands more across the industry whose work is dependent on the Honda plant.

Today's losses are also a wake-up call to the UK government.

The economy is far too fragile to proclaim a recovery - those workers losing their jobs today will find claims that the country is turning a corner an insult.

The truth is that there is simply no pick up in the incomes of Honda's customers, either here or in the eurozone.

– Tony Murphy, national officer of the Unite union

Ford and Vauxhall top car sales for 2013

On average, an additional 600 extra cars were registered per day in 2013 than in 2012. Private sales made up 1.07 million of the registrations last year - a rise of 15.6% on the 2012 share.

Both petrol and diesel-engined vehicle sales rose in 2013, but petrol's share of the market grew slightly - from 47.8% in 2012 to 48.8% in 2013 - while diesel's share dipped from 50.8% in 2012 to 49.8% in 2013. Alternatively-fuelled vehicles remained flat 1.4%.

The best selling cars in 2013 were:

1 Ford Fiesta; 2 Ford Focus; 3 Vauxhall Corsa; 4 Vauxhall Astra; 5 Volkswagen Golf; 6 Nissan Qashqai; 7 BMW 3 Series; 8 Volkswagen Polo; 9 BMW 1 Series; 10 Peugeot 208.

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