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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.

New York City Taxi of Tomorrow plans hit a roadblock

New York City administration's plan to replace current taxi cabs with the specially developed Nissan Taxi of Tomorrow has been stymied by a recent legal decision, the Wall Street Journal is reporting. The New York State Supreme Court in Manhattan (it's a bit confusing, but this is actually the on the level of the lowest state courts in New York state's court system) has issued a decision which determined the project to be an overreach of executive authority, siding with taxi magnate Evgeny Freidman and the Greater New York Taxi Association. The court stated that city's Taxi and Limousine Commission lacked the authority to compel cab companies to purchase the any particular vehicle -- in this case, the Nissan NV200 Taxi, which was slated to hit streets just a couple weeks from now on Oct.

Mercedes A45 AMG: Geneva Motor Show 2013

The Mercedes A45 AMG – Mercedes first proper ‘Hot Hatch’ – has been revealed at the 2013 Geneva Motor Show. On sale July 2013. The makeover from regular A Class to A45 AMG is relatively subtle by hot hatch standards, but its enough, with its more aggressive body kit, big alloys, red callipers and tail pipes to make you realise the A45 means business.