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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.

Toyota previews two new Geneva-bound concepts

Toyota has released the first images of its FT-86 Open and i-Road concepts ahead of their debuts at the upcoming Geneva motor show. The carmaker's FT-86 Open concept previews a potential future development of the GT86 sports coupe. Toyota is using the concept to gauge public reaction while carrying out engineering tests on a prototype.

Irwindale, Kern County tracks coming back

Two paved circle tracks in Southern California should be up and racing by spring, good lord willing and the creek don't rise. The two facilities plan to cooperate in order to maximize the chances of success. Irwindale Speedway, now officially to be referred to as The Irwindale Event Center, had no races on its oval tracks in 2012 after the former track operators filed for Chapter 7 bankruptcy in February.