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Citizens Advice receives 84,000 used car complaints

With over seven million secondhand cars purchased in 2012, you’d expect one or two to develop a problem soon after purchase. But the Citizens Advice Bureau in fact received over 84,000 complaints about used cars during this period. Half of these faults developed within a month of purchase.

Jaguar BlackJag 2004 concept car up for sale

It's not often that a former auto show concept is offered for sale, mostly because of buzzkill stuff like government crash standards, emissions compliance documents and other boring paperwork. But it does happen from time to time, such as when General Motors sold off a chunk of its Heritage Collection -- though most of those cars were sold without titles, just on bills of sale, which prevents them from being registered for road use. This week there is (allegedly) a 2004 Geneva motor show concept for sale -- a running concept car for that matter -- with a steep price to go along with it, as GTSpirit has discovered.

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.