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Ferrari posts record sales despite economic uncertainty

Global economic waters are far from calm, but Ferrari has managed to steer clear of the turmoil. The Italian automaker has released sales figures for the first six months of 2012, and they’re impressive by any measure. Revenues for the first half of the year are up nearly 12 percent, and net profits have risen 10 percent to over $130 million.

Good fun at Goodwood

The 2010 Goodwood Festival of Speed started with a bang--and a bent Jaguar E-Type. But by the end of the weekend, the festival was being acclaimed by both fans and participants as one of the most successful runnings of the annual event so far. As always, the festival took place at the house and grounds of Lord March's sizeable estate in West Sussex, England, being extended to four days this year by the addition of a new “Moving Motorshow.” This is clearly intended to become a regular fixture and a replacement for Britain's cancelled “International” motor show.

Councils to cut roadworks red tape

COUNCILS in England could soon have the power to cut red tape and make road works much quicker and more accountable. The plan is to introduce permits for any company that wants to dig up a road, which means they will have to co-ordinate their work with other companies and local authorities to reduce the impact of delays on the public. The permit scheme could come into force as early as April 2015 and means anyone applying for a permit to carry out road works will need to present a convincing case for the work.