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Ferrari plans to sell fewer cars in 2013
Wed, 08 May 2013Ferrari 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.
Electric-car guru Tom Gage steps down from AC Propulsion
Wed, 05 Oct 2011Electric-car innovator Tom Gage resigned the morning of Oct. 5 from California company AC Propulsion, Autoweek has learned. Gage, the now-former CEO, joined the company in 1996, several years after its founding, and has become its public face and a widely used resource on electric cars.
GM expands advanced-vehicle-technology center in California
Mon, 13 Jun 2011General Motors unveiled a new technical center dedicated to the development, maintenance and testing of alternative-energy vehicles last week in Torrance, Calif. The company has had local digs for years but recently leased the building next to its existing Advanced Technology Center for an alternative-energy research facility. It now employs a dozen scientists, technicians and engineers to advance the electrification of GM vehicles.