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Ferrari black: Prancing Horse turns a profit in first quarter

Ferrari racers have always worn red. But black has been the standard-bearer for the company so far this year, as the Prancing Horse turned a $72 million trading profit in the first quarter. Making money amid the global economic crisis is no small feat--and Ferrari posted the gain despite a slip in sales and revenue.

Concept Car of the Week: Fiat Ecobasic

This week we're celebrating if not the most glamorous then certainly one of the most relevant concept of the last decade, the Fiat Ecobasic. The car was first shown at the 2004 Geneva motor show as Fiat investigated how to replace Giugiaro's ancient but brilliantly utilitarian Panda. The brief was: cheap to produce, cheap to own and friendly to the environment.

2013 Formula Sun Grand Prix will race at Circuit of the Americas

With sunnier months just around the corner, Circuit of the Americas has revealed that it will provide the venue for the June 24-29 Formula Sun Grand Prix. The Formula Sun grand prix is a qualifying race for teams interested in racing their solar-powered cars in the American Solar Challenge. The Challenge allows competitors from around the world to operate a solar-powered-car race team.