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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.

Go-ahead for £1bn Wales motorway

A £1 BILLION new motorway in south Wales has been given the go-ahead by the Welsh Government. Ministers say a preferred "black route" between Junctions 23 and 29 of the M4, including a new crossing of the Usk south of Newport, will boost the economy as well as ease congestion. But opponents say improving existing roads around Newport would be cheaper as well as kinder to the environment.

What's New: February 2006

Ford S-Max  Following the unveiling of the SAV concept at Geneva last year comes the production version, the S-MAX. Sharing much in common with the new Galaxy, the S-Max aims to have greater dynamic appeal and retain a closer connection with Ford of Europe's 'Kinetic Design' ethos. Differences include the dropping window-line that pushes back to form a triangular D-pillar and round fog lamps at the front.