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Europe’s economic problems sees UK become biggest Ferrari market in Europe

The Ferrari F12 (pictured) helped Ferrari to strong profits in the first half of 2013 The economic crisis in the Eurozone has seen Ferrari’s sales in countries like Italy and Spain plummet, and Greece managed just one sale in 2012 (and even that came to the UK). But Ferrari have a plan to keep profitability by limiting supply and achieving stronger revenues for the sale they do make – with stuff like Ferrari’s bespoke Atelier and Tailor Made services and Classiche work adding more revenue – to keep them powering forward, and it seems to be working despite poor sales in many European countries. In fact, despite an increase of just 2.8 per cent in volume, Ferrari has managed to increase their profits in the first six months of 2013 by an impressive 20 per cent, with total sales of 3,767 and net profits of €1.22 million.

Koenigsegg Agera at Geneva

The new Koenigsegg Agera will be at the Geneva Motor Show We did warn you last week that Koenigsegg were taking ‘Something New’ to the Geneva Motor Show. We had had a chat with them as things had been very quiet, and we did say to them we wondered if Christian had lost focus on Koenigsegg and been side-tracked with the whole Saab-Saga. The response was pretty clear “Christian never lost focus on Koenigsegg and secondly there are many new developments within Koenigsegg.

Hamann BMW M5 tuning package announced

German tuner Hamann will upgrade and modify Land Rovers, McLarens, Mercedes-Benzes and more, but its real expertise is in BMWs. The company has just announced an upgrade package for the new generation of BMW M5 sedans. Hamann's body kit adds 25 millimeters on the rocker panels and the rear diffuser, while the front lip is extended by 30 millimeters.