It was bound to happen eventually but it’s still so sad to hear--the first Lamborghini Aventador LP700-4 has crashed in Italy. [MotorAuthority]

Ferrari chairman Luca di Montezemolo has joined a growing number of Europe’s elite wanting to be taxed more to help stave off national debt. [TheCarConnection]

A facelifted 2012 Honda Insight is scheduled to make its debut at the 2011 Frankfurt Auto Show but we have the first details here. [GreenCarReports]

We’re still waiting on official confirmation but Lexus Europe  has retweeted a message made by fellow journo Chris Harris that says the Lexus LFA Nurburgring Package has set a new ‘Ring time of just 7:14. [MotorAuthority]

Saab’s financial situation took a major hit this week with the struggling Swedish automaker announcing a $322 million loss for the first half of the year. [TheCarConnection]

A man has died in a G-Wiz electric car crash in the UK, but he was on the phone and not wearing a seatbelt just prior to his death. [GreenCarReports]

Volkswagen has rolled out its own electric car concept for the 2011 Frankfurt Auto Show, and this one just has one seat. [MotorAuthority]

A new videogame NASCAR Unleashed will let you drive across walls and up buildings. [AllCarTech]

Kia Soul Hamsters get to live another day. [SocialCarNews]

If you thought the Urban was the only concept Audi was planning for Frankfurt, you’d be wrong as the automaker has today unveiled the new A2 concept. [MotorAuthority]