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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.

Ram, large SUVs boost Chrysler's May sales 11 percent

Rising demand for Ram pickups, large SUVs and cars helped Chrysler Group's sales increase 11 percent in May. The company's car sales rose 16 percent while light truck deliveries advanced 9 percent, Chrysler said Monday. It marked the 38th consecutive month that the automaker's U.S.

Toyota to launch 2 Prius variants in U.S. by 2013, report says

Toyota Motor Corp. reportedly plans to launch two variants of its Prius hybrid in the United States by 2013 as it ramps up plans to leverage its gasoline-electric drivetrain technology to meet stricter emissions standards. One of the new hybrids will be bigger than the Prius, the other smaller, the Wall Street Journal reported, citing unidentified dealers who attended this week's national dealer conference in Las Vegas.