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Britain leads bumper year for Ferrari

FERRARI may be struggling on the Formula One track, but its bank accounts are in fine shape after profits reached new record highs. After delivering 3,631 cars in the first six months of the year – 3.6% fewer than the me period in 2013, in line with the company's plans to reduce deliveries – revenues were up 14.5% to almost £1.35 billion. Profits rose 5.2% to £185 million, which should pay for a good send-off for the outgoing Ferrari Chairman Luca di Montezemolo after his 23 years of service.

Mitsubishi launches world's first twin-clutch SUV

By Mike Elwin First Official Pictures 31 March 2008 14:15 Mitsubishi will sell the world’s first SUV with a twin-clutch gearbox this autumn when it launches the Outlander Twin Clutch SST. Previously such systems have been the preserve of sports cars and performance-orientated hatchbacks, and definitely not off-roaders. CAR Online has tested the SST system in the new Evo X and been impressed by the speed and quality of the gearchange.

Who's Where: Martin Smith joins Ford Europe design team

Martin Smith has been appointed as Executive Director of Design at Ford Europe. Smith, a native of Sheffield, England, brings a wealth of design experience to Ford, having held positions at Porsche, Audi, and most recently as Director of Design for Opel/Vauxhall. In his new position, he will report to product development chief, Derrick Kuzak and to Ford's global group vice president for Design, J Mays.