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Europe’s economic problems sees UK become biggest Ferrari market in Europe

The 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.

General Motors recalls another 8.4m cars

Associated Press General Motors has recalled a further 8.4 million cars as part of an ongoing investigation into a fault that causes the ignition key to turn unintentionally. Almost 30m cars across the US, Canada and Mexico have now been recalled by General Motors in 2014. Approximately 3,500 people are making claims for death or injury The recalls affect cars made as far back as 1997, but the American car maker insists that there is no conclusive evidence that faults with the cars caused crashes involving the vehicles.

Qoros GQ3 (2013) first official pictures

New Chinese manufacturer Qoros has shown its new Focus and Golf rival - the GQ3 - ahead of its planned debut at the 2013 Geneva motor show. The first in a string of models planned for launch in China and Europe, the Qoros GQ3 is at first glance a reasonably accomplished design which should be able to compete for showroom appeal with the likes of Skoda and the Korean budget brands. Of course, what has held back Chinese car brands in the past is quality: we can't tell from these first official photos whether Qoros has cracked that or not.