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Britain leads bumper year for Ferrari

FERRARI may be struggling on the Formula One track, but its bank accounts are in fine shape after profits reached new record highs. After delivering 3,631 cars in the first six months of the year – 3.6% fewer than the me period in 2013, in line with the company's plans to reduce deliveries – revenues were up 14.5% to almost £1.35 billion. Profits rose 5.2% to £185 million, which should pay for a good send-off for the outgoing Ferrari Chairman Luca di Montezemolo after his 23 years of service.

Ford Airstream concept (2007): first official pictures

By Phil McNamara First Official Pictures 07 January 2007 05:36 Ford Airstream: the lowdown Ford today unveiled the Airstream, a thoroughly American alternative to the S-Max crossover MPV sold in Europe. A collaboration with iconic trailer maker Airstream, the Airstream is a concept car that runs on hydrogen fuel cell power, cossets passengers in a flexible and luxurious cabin and looks exceptionally cool. 'Crossovers are the fastest growing segment of the market,' said Ford design supremo J Mays, unveiling the car in Detroit (above).

Fiat says it could abandon Chrysler due to unions

Fiat S.p.A. CEO Sergio Marchionne said he is ready to abandon plans to form a partnership with Chrysler LLC unless the U.S. carmaker's unions accept substantial labor cost reductions by the end of the month.