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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.

Volkswagen Neeza concept

By Phil McNamara/Georg Kacher First Official Pictures 20 November 2006 09:00 VW Neeza concept: the lowdown Volkswagen is developing a Ford S-Max rival – and this Neeza concept gives a clue to its thinking. Designed in China and unveiled at the Beijing motor show, the Neeza is a five-seat crossover MPV. And that's the exact concept that's under development by Volkswagen's R&D team, with a launch target of 2009.

Petersen museum executive director to retire

The executive director of the Petersen Automotive Museum is retiring after a 12-year-run at the helm of one of the nation's preeminent car collections. Richard Messer is stepping down to concentrate on other business interests. He will be replaced by Buddy Pepp on June 15.