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Europe’s economic problems sees UK become biggest Ferrari market in Europe
Fri, 02 Aug 2013The 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.
Redesigned 2014 Mazda 6 sedan revealed
Wed, 25 Jul 2012Mazda Motor Corp. has released photos of the third-generation Mazda6 sedan in full-production sheet metal ahead of the vehicle's global debut in late August at the Moscow auto show. The redesigned Mazda6 will give the company some fresh blood in the key midsize sedan segment.
Chrysler gets improved performance and handling marks from Consumer Reports
Tue, 21 Jun 2011Chrysler Group is making strides to improve handling and performance of its vehicles, but the gains vary from model to model, according to tests by Consumer Reports magazine. The magazine said Tuesday that its recent tests of eight 2011 Chrysler Group models found advances in performance, interior fit and finish and handling. But it said the level of refinement in some vehicles still lags behind rivals.