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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.

Mercedes E-class coupe and convertible (2017)

By Georg Kacher Motor Industry 16 May 2014 12:08 Mercedes’ renaissance promises to continue with the all-new E-class cabriolet and coupe. Under development and set for launch in 2017, the new sports cars share the all-new hardware from the E-class saloon (codenamed W213), including its boxfresh straight-six engines, and a high-tech cockpit to make Luke Skywalker envious. The design will evolve the look of the current car, which is pictured here.

Saab: China’s Youngman submits new $2 billion offer

Youngman is committed to acquiring Saab The founder of China’s Youngman - Pang Qingnian – has revealed Youngman submitted a $2 billion offer to buy Saab from the administrators on 14th February. We’ve all seemingly written-off Saab as dead and buried; a once proud marque consigned to the scrap heap of history after the debacle of GM ownership and Victor Muller’s ill-fated battle to make Saab an in dependent marque. But there’s one man who hasn’t given up hope of securing a future for Saab, and that man is the Chinese billionaire founder of Youngman, the company which has already spent significant sums trying to acquire Saab, but has so far been thwarted by GM’s golden bullet.