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How well is Ferrari really doing? Results analysed

Ferrari seems to be holding up well in the global recession, according to figures announced this week. Its market share is up, consolidated revenues fell just 7% in 2009 and overall operating profit stood at a juicy €245m. Not a bad performance in the biggest economic downturn for generations.Ferrari operates in the upper echelons of the premium sports car market: serious stuff with at least 450bhp and a minimum €140,000 price tag.

Fiat 500L launches

The Fiat 500L – a larger Fiat 500 based on the Punto – has launched in Italy ahead of going on sale in the UK in early 2013. We had the official arrival of the Fiat 500L at the Geneva Motor Show in March, and now we get the 500L’s official launch in Turin – together with lots of new photos and a video – before the 500L goes on sale around the world. The 500L is actually based on the underpinnings of the Punto to create a 500 MPV and, sensibly, Fiat has done with the 500L  what MINI did with the Countryman and slapped an iconic badge on even though the 500L bears scant resemblance to its cute little sibling.

Hyundai ix35 Hydrogen FCEV arrives in the UK

The first Hyundai ix35 Hydrogen FCEVs hit the road in London (pictured) The Hyundai ix35 FCEV is the world’s first hydrogen powered production car (although production is very limited at the moment) and the first five ix35 FCEVs are about to hit London’s roads. The hydrogen-powered ix35s are part of the London Hydrogen Network Expansion (LNHE) project which aims to build acceptance of hydrogen powered vehicles and build a proper hydrogen transport infrastructure, initially on London and the south east. Hyundai are actually planning to build 1,000 ix35 FCEVs over thye next couple of years, but the majority of those will be heading for Europe where the EU has a number of projects running to promote hydrogen use for road vehicles.