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Europe’s economic problems sees UK become biggest Ferrari market in Europe

The Ferrari F12 (pictured) helped Ferrari to strong profits in the first half of 2013 The economic crisis in the Eurozone has seen Ferrari’s sales in countries like Italy and Spain plummet, and Greece managed just one sale in 2012 (and even that came to the UK). But Ferrari have a plan to keep profitability by limiting supply and achieving stronger revenues for the sale they do make – with stuff like Ferrari’s bespoke Atelier and Tailor Made services and Classiche work adding more revenue – to keep them powering forward, and it seems to be working despite poor sales in many European countries. In fact, despite an increase of just 2.8 per cent in volume, Ferrari has managed to increase their profits in the first six months of 2013 by an impressive 20 per cent, with total sales of 3,767 and net profits of €1.22 million.

2010 Lotus Evora to start at $74,675

The 2010 Lotus Evora will start at $74,675 when it arrives in the United States in the first part of next year. The exotic mid-engine 2+2 sports car is powered by a 3.5-liter V6 rated at 276 hp and 258 lb-ft of torque. It rips from 0 to 60 mph in 4.9 seconds and tops out at 162 mph.

Car Design News Contest 2008 Winners

It's been five months since the Car Design News Contest 2008 brief was first announced. And now, the last of our nine esteemed judges have completed their assessment of the 20 finalists. We are pleased to announce the winners in the professional and student designer categories, respectively: Jay Wen from New Zealand and Seyyed Javad Ghaffarian from Iran.