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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.

RM prepares for first auction at former Kruse site

It's been a little less than a month since RM Auctions purchased Kruse's Auburn park and formed Auctions America by RM. Since then, the new RM subsidiary has been busy preparing for its first Auburn Fall Collector Car Auction, Sept. 1-5, a successor to Kruse's long-running Labor Day sale.

2013 BMW 7-series comes with more power, features, cost

BMW released the details of the 2013 7-series sedan on Friday, saying that the entire 7-series line will offer more power, better fuel economy and more advanced features. And it all comes at a slightly higher cost. The 740i and Li will now feature a version of BMW's stalwart, 3.0-liter TwinPower Turbo inline-six engine delivering 315 hp and 330 lb-ft of torque.