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The scramble for scarce tires

North American automakers are struggling with a nagging shortage of tires, caused in part by tire plant closings and rising demand for low-volume specialty tires. Automakers are paying much higher prices -- double-digit percentage increases from a year ago -- as tire makers gain pricing power. "We have been bombarded from every side for additional tires, and we can't keep up," said David O'Donnell, Continental Tire's vice president of original equipment in the Americas.

Young driver insurer pairs with safety charity

SPECIALIST young driver insurer Marmalade is throwing its weight behind safety charity Brake’s 2014 ‘2young2die’ campaign. Brake, the national road safety charity, launches its 2014 workshops and awards scheme this week, and announces Marmalade as its funding partner. Marmalade’s financial support enables Brake to run eight regional educational awareness workshops in the UK’s key cities this year.

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.