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New car sales surge by 7.6%

THE SURGE in new car sales has continued into the new year. There were 154,562 new vehicles registered last month, a 7.6% rise on January last year, the Society of Motor Manufacturers and Traders (SMMT) said. The society said sales of alternatively fuelled vehicle increased by 25%.

2014 Hyundai Elantra, Tucson FCEV and a new Nu engine at the LA Auto Show

Hyundai made a boatload of news at the Los Angeles Auto Show on Wednesday. The Korean company unveiled the redesigned 2014 Elantra coupe, sedan and GT, the Veloster R-Spec hatchback and some interesting info on its upcoming fuel-cell program. The biggest news is Hyundai's revamped 2.0-liter Nu engine that now makes 173 hp, instead of 145 hp, and 154 lb-ft of torque, as opposed to the 130 of the old engine.

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.