1956-60 Chevy Corvette Emblem 3757503 57,58,59 on 2040-parts.com

Ferrari posts huge profits - by building fewer cars

AP Ferrari today announced an 8% jump in trading profits to €363.5 million in 2013 - despite selling 5% fewer cars. It's all part of the supercar maker's planned reduction in supply to keep values and demand for Ferraris rock-solid, Maranello reported. Turnover and profit all surpassed previous records, despite the reduction in the number of cars built.

Audi A3 Sportback e-tron price and specs – costs £34,950

Audi A3 Sportback e-tron (pictured) costs £34,950 If governments are going to base car taxation on Co2 emissions, then car makers are going to build cars that ‘game’ the official tests. A perfect example of which is the new Audi A3 Sportback e-tron plug-in hybrid. It’s expensive at £34,950 (although the government bribe for plug-ins does drop the price you pay to £29,950), but thanks to its ‘up to 31 miles’ range on battery power only it comes complete with official economy of 176.6 mpg and emissions of 37g/km.

BMW to build front-drive sedan

BMW boss Norbert Reithofer has surefire plans for a new front-wheel-drive entry-level sedan, falling in just below the existing 3-series sedan. The new four-door, known internally at BMW's Munich-based headquarters under the working title NES (New Entry-level Sedan), forms part of a new range of front-wheel-drive models set to join the BMW lineup in the near future. “The NES is integral to our growth plans,” a BMW insider source revealed.