Speed Reads
Italy's new government is cleaning out its garage. Prime Minister Matteo Renzi is putting 150 flashy government-owned vehicles for sale on eBay in an attempt to cut costs as the country aims to reduce a 2 trillion euro debt. Bidding ends April 15 for dozens of Alfa Romeos, BMWs, Lancias, and even a Maserati.
Although selling the cars won't do much to dent Italy's massive debt, the move is a symbol of Renzi's promise to cut back on ostentatious spending during a time of economic hardship. Currently, most of the bids are for a grey Alfa Romeo 166 that's going for 8,600 euros.