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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.

Lutz deflates talk of new Chevy Caprice

Well, that was fast. Just four days after Bob Lutz, General Motors' new marketing honcho, raised the possibility of the Pontiac G8 living on as a new Chevrolet Caprice, he shot it down. "The G8 will not be a Caprice after all," Lutz wrote on GM's Fastlane blog on July 16.

VW Up SUV & Cross Coupe SUV to go in to production

VW Up SUV planned based on Buggy Up Concept Volkswagen are to add two new compact SUVs to their range below the Tiguan, expected to be the VW Up SUV and Cross Coupe. There’s no question that one of the biggest new markets for cars is the compact SUV. From the Nissan Juke to the Vauxhall Mokka to the Ford EcoSport there seems to be an endless appetite for butch little urban warriors.