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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.

VW Touareg BlueMotion hits the UK

Volkswagen has announced the VW Touareg BlueMotion for the UK Offering improved economy and lower emissions, the Touareg BlueMotion manages to drop in to a lower Co2 band by emitting 219g/km (a reduction from 244g/km on the V6 TDi) and it delivers 34mpg as opposed to 30.4mpg on the V7 TDi. These improvements have been achieved by the usual ECU tweaking, low rolling resistance tyres, some aerodynamic tweaks and a lower ride height (exactly the same sort of stuff that Ford has done on the EConetic range). And the penalty for the lower emissions and better economy is very slight, with the Touareg BlueMotion still managing the 0-60mph in 8.5 seconds and a top speed of  126mph.

Caterham planning SUV & City car

It’s not just an Alpine Sports car (pictured) that Caterham will sell – it’s an SUV & City car too We already know that Caterham and Renault are working together to build a new sports car to be marketed as both a Caterham and an Alpine. But there’s already more in development. When we revealed the joint venture between Caterham and Alpine/Renault it was clear that Caterham wanted to develop a broad range of cars with Renault, and now Caterham boss Tony Fernandez has revealed to Reuters there’s a Caterham SUV and Caterham City car in development.