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Ferrari plans to sell fewer cars in 2013

Ferrari boss Luca di Montezemolo has announced an unusual plan for the Prancing Horse: to sell fewer cars in 2013 than the 7000 it delivered in 2012. Speaking in Maranello, di Montezemolo stated that 'this is a far-sighted decision to strengthen our brand equity, from what I learned from Enzo Ferrari… We must resist people who say the competition will benefit from us making fewer cars… When others penetrate our markets, we are happy to meet this challenge.' Is Ferrari mad to chase fewer sales? It is not the first time that Ferrari has decided to limit supply: 'In 2003 we did the same,' explains Montezemolo.

Mercedes-Benz announces record sales for its AMG division

Meanwhile, AMG has announced that 2013 was the most success year in the firm's history with a total of 32,200 sales thanks in part to the success of the new A45 AMG and CLA45 AMG. The announcement marks the first time Mercedes-Benz has officially confirmed annual sales figures for its AMG division. AMG's 2012 sales were believed to be around 20,000.

Toyota to end Australian manufacturing in 2017

When Holden announced that it would no longer build cars in Australia after 2017, that country’s flagging automotive industry was effectively put on notice -- Mitsubishi had stopped building cars there in 2008, and Ford says its two plants there will close in October 2016. Now Toyota has announced that it has no option but to end vehicle Australian vehicle production. Like Holden, it will close its factories there in 2017.