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Ferrari plans to sell fewer cars in 2013

Ferrari boss Luca di Montezemolo has announced an unusual plan for the Prancing Horse: to sell fewer cars in 2013 than the 7000 it delivered in 2012. Speaking in Maranello, di Montezemolo stated that 'this is a far-sighted decision to strengthen our brand equity, from what I learned from Enzo Ferrari… We must resist people who say the competition will benefit from us making fewer cars… When others penetrate our markets, we are happy to meet this challenge.' Is Ferrari mad to chase fewer sales? It is not the first time that Ferrari has decided to limit supply: 'In 2003 we did the same,' explains Montezemolo.

Bill Gates, venture capitalist invest $23.5 million in EcoMotors

EcoMotors International has received $23.5 million from Microsoft Corp. Chairman Bill Gates and investor Vinod Khosla for engineering and testing of its trademarked Opoc engine technology. EcoMotors said in a statement Monday that the investment marks a key advance in commercializing its opposed piston-opposed cylinder engine.

Upcoming Volvo XC90 gets new safety tech

The Volvo XC90 has been with us for 10 years now -- a long time indeed when it comes to product life cycles of comparable upmarket SUVs. The stylish sport utility was a popular seller in North America for a good part of that decade, and for a while was even offered with a 4.4 liter V8 engine developed by Yamaha and shared with the second-gen S80 (a first for a Volvo passenger car). But if there's one thing Volvo is known for, it's not V8 engines -- it's safety.