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Ferrari black: Prancing Horse turns a profit in first quarter

Ferrari racers have always worn red. But black has been the standard-bearer for the company so far this year, as the Prancing Horse turned a $72 million trading profit in the first quarter. Making money amid the global economic crisis is no small feat--and Ferrari posted the gain despite a slip in sales and revenue.

Citroen C1 Recall – only 36 UK cars affected

Citroen are recalling just 36 cars in the UK over the sticky throttle problem Yesterday we ran a story on the Toyota Recall spreading to affect Citroen and Peugeot, and commenting that we thought the number of cars in the UK that would be affected would be relatively small, certainly in comparison to the number of Toyotas affected. And it turns out we were right – just 36 Citroen C1s sold in the UK have a potential problem. Which is very good news for Citroen.

Porsche approves the Cajun, a junior 4x4

Porsche's supervisory board today confirmed it would build the Cajun, a junior SUV to slot beneath the Cayenne in its range. The announcement from Stuttgart confirmed the 'working name' Cajun and said the new model would increase growth. Critics will surely say that the Cajun represents yet another move away from Porsche's sports car roots, but don't forget the effect that Cayenne sales have had on the company's balance sheets.