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How well is Ferrari really doing? Results analysed

Ferrari seems to be holding up well in the global recession, according to figures announced this week. Its market share is up, consolidated revenues fell just 7% in 2009 and overall operating profit stood at a juicy €245m. Not a bad performance in the biggest economic downturn for generations.Ferrari operates in the upper echelons of the premium sports car market: serious stuff with at least 450bhp and a minimum €140,000 price tag.

Spyker signs deal with China's Hawtai Motor to raise funds for Saab

Saab owner Spyker Cars on Tuesday said it has signed an agreement with China's Hawtai Motor Group to form joint ventures for manufacturing, technology and distribution. The agreement will also provide $222 million (150 million euros) funding for Saab, which has been forced to halt production because it cannot pay suppliers' bills. Victor Muller, Spyker CEO and Saab chairman, said the partnership will allow Saab to enter the Chinese car market with a strong Chinese manufacturer.

New Land Rover Discovery Sport to be built at Halewood

The new Land Rover Discovery Sport (pictured) to be built in Halewood The new Land Rover Discovery Sport – effectively a replacement for the Land Rover Freelander – is expected to make its debut at the Paris Motor Show in the Autumn and go on sale in early 2015. And when the new Discovery Sport goes in to production it will be built at Halewood on Merseyside, Jaguar Land Rover has announced. JLR has created 250 new jobs at Halewood to support production of the new Discovery Sport and invested a further £200 million in the already hugely successful Halewood Plant.