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Ferrari ups profits while cutting production (2013) CAR report

Eyebrows were raised in May 2013 when Ferrari chairman Luca di Montezemolo confirmed to a group of journalists, including CAR’s own Ben Barry, that the illustrious supercar maker wanted to slow its production rate and sell fewer cars in 2013. The strange-sounding order was decreed to help the brand retain its exclusivity, yet despite the gastric band on output, the Ferrari boss insisted profits could be upped. Impossible?

Volkswagen to unveil one-seat electric car

Volkswagen will unveil a one-seat experimental car with an electric powertrain in September as the carmaker works to cut emissions and develop future driving concepts. The concept vehicle will be designed for limited journeys, VW spokeswoman Ruth Holling said Monday, confirming remarks by VW research chief Juergen Leohold to the Financial Times. The car will be presented Sept.

Cadillac releases second ELR teaser

Cadillac has released the second teaser image of the 2014 ELR electric vehicle ahead of its world debut next week in Detroit. The heavily-camouflaged ELR, which will be unveiled on 15 January, was photographed driving through the mountains of Southern California during development testing. The car will be a sporty two-door coupe that was previewed by the Converj concept, which made its debut at the 2009 North American International Auto Show (NAIAS).