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Ferrari launches Tailor-Made program

Following an initial reveal at the 2011 Frankfurt motor show in September, Ferrari recently announced a new personalization program that will enable owners to create a highly individual and unique vehicle. The latest in a long line of manufacturers to begin offering highly personalized cars for individual owners, Ferrari's take is far more ambitious. The new Tailor-Made program harks back to the 1960s when each Ferrari was custom made to suit the desires of each individual owner and offers a multitude of infinitely personalizable options. The new Tailor-Made program allows owners to specify every last detail of their Ferrari – from the exterior color to the interior stitching – through an extensive list of accessories, materials and unique finishes created by the Ferrari Styling Center.

Volvo City Safe means lower insurance preniums for Volvo drivers

Volvo’s City safe has reduced insurance premiums for Volvo owners Volvo are on a mission to ensure that no one dies or is seriously injured in a Volvo by 2020, and that means more and more clever technology to protect Volvo drivers from the dangers of driving. One of those technologies is Volvo’s City Safe, a low speed (up to 31mph) collision avoidance system, that uses a laser at the top of the windscreen to monitor traffic and will automatically brake the car if its senses no reaction from the driver when a collision is imminent. So good is City Safe that Thatcham – the people who set insurance groups for cars – has decided Volvos fitted with City Safe should be rated in a lower group.

News watch January 2013: today's auto industry news

Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hourFriday 18 January 2013• Mazda Motor Corporation (Mazda) and Fiat Group Automobiles S.p.A. (Fiat) announced today the signing of the Final Agreement which will see Mazda produce an open-top two-seater sports car for Fiat’s Alfa Romeo brand at its Hiroshima, Japan, plant starting from 2015 (Mazda) Thursday 17 January 2013•  Mark Reuss, North American chief of General Motors, has jumped to the defence of Electric vehicles and said he is not giving up on them despite struggling sales in 2012.