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Ferrari posts huge profits - by building fewer cars

AP Ferrari today announced an 8% jump in trading profits to €363.5 million in 2013 - despite selling 5% fewer cars. It's all part of the supercar maker's planned reduction in supply to keep values and demand for Ferraris rock-solid, Maranello reported. Turnover and profit all surpassed previous records, despite the reduction in the number of cars built.

GM expands brake-override safety feature

General Motors is significantly expanding the use of a brake-override safety feature in its cars through the end of 2012. GM announced on Monday that it will add the software, which it also calls “enhanced smart-pedal technology,” in all of its passenger cars with automatic transmissions and electronic throttle control. The change will reduce power to the engine when both the throttle and brakes are pressed at the same time.

Skoda reveals baby hot hatch

By Phil McNamara/Georg Kacher Motor Industry 19 September 2006 10:16 Skoda is making a bid to lead devlopment on the Volkswagen group's new small car, by unveiling this dynamic three-door design study, the Joyster. The sub-Fabia sized hatchback would take on cars like the Citroen C2 and 2008 Ford Ka replacement. Skoda says the Joyster has decent interior space, and an airy feel thanks to a full-length sunroof.