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Goodbye Gemballa UK – Hello Merdad & the Porsche Cayenne 2dr Coupe

The 2 door Porsche Cayenne by UK company Merdad What’s a Merdad, you may well ask? Well, a Merdad is not a what, it’s a he. He ran the Gemballa franchise in the UK – rather successfully – but as Uwe Gemballa has gone on an extended African holiday and his eponymous company is in liquidation Merdad had to get a shake on to create his company’s future.

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.

Chrysler, CAW reach tentative contract deal

The Canadian Auto Workers tentatively agreed tonight to new concessions that will save the struggling automaker $240 million annually and help the carmaker to try to avoid a bankruptcy filing, CAW President Ken Lewenza said at a news conference. In exchange, the CAW got Chrysler and potential partner Fiat SpA to agree to keep its two Chrysler assembly plants open even if bankruptcy is unavoidable, Lewenza said. General Motors and Ford Motor Co., which signed new CAW agreements earlier, have indicated their desire to get the same concessions as those negotiated with Chrysler, Lewenza said.