NHTSA has denied the niche supercar maker Pagani a waiver for advanced airbag requirements for its new Huayra, possibly forcing the Italian firm to delay US sales until 2015. According to the Federal Register[PDF], Pagani

estimated that if the requested exemption were granted, it would sell 35 to 45 vehicles per year, 6 to 12 vehicles of which would be sold in the United States…. [Pagani] submitted projections estimating that if the petition for exemption is denied and no vehicles are sold in the United States, the company would make an estimated €5,398,000 in net income during the period of 2011 through 2014, compared to €8,613,000 in net income during the same period if an exemption were granted.   The company asserted that the difference in gross revenue between granting and denying the exemption is approximately €34,000,000, and the financial records indicate a difference in projected net income of approximately €3,215,000.

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Italian supercar upstarts Pagani started with one car, the Zonda, and have maintained a laser-like focus on that single nameplate ever since. Former supercar heavyweight McLaren is re-entering the road car arena with its V8-powered Ferrari Italia-fighter, the MP4-12C, but is fast-tracking the development of its range-topping supercar, pitched as a neo-McLaren F1 and aimed at the Zonda and its hypercar ilk. Recession? What Recession?

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That was expensive: Close to the Daimler proving grounds near Stuttgart, the local fire department could pick the remainder of a prototype Pagani C9 über-sportscar out of the guardrail. Cost: €1m, give or take a few. (Read More…)