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Florida man claims ownership of long-lost Cunningham Corvette

A Florida man says the long-lost 1960 Chevrolet Corvette race car that made a brief public appearance in Carlisle, Pa., last week was owned and raced by his father in the 1970s, and claims the car belongs to him. The challenged ownership of the maroon-colored car--one of three raced in the 1960 24 Hours of Le Mans by Briggs Cunningham and valued by some collectors at more than $1 million--could be the reason organizers of the Corvettes at Carlisle show canceled a planned public display on Aug. 24 less than 30 minutes before the scheduled start time.

Ferrari plans to sell fewer cars in 2013

Ferrari 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.

Infotainment in cars could get a boost from backup-camera mandate

A federal mandate to require backup cameras in all vehicles, expected Feb. 29, will be a bonanza for suppliers of collision-avoidance equipment. But the mandate also could provide an unintended boost to the infotainment industry.