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Ferrari plans to sell fewer cars in 2013

Ferrari boss Luca di Montezemolo has announced an unusual plan for the Prancing Horse: to sell fewer cars in 2013 than the 7000 it delivered in 2012. Speaking in Maranello, di Montezemolo stated that 'this is a far-sighted decision to strengthen our brand equity, from what I learned from Enzo Ferrari… We must resist people who say the competition will benefit from us making fewer cars… When others penetrate our markets, we are happy to meet this challenge.' Is Ferrari mad to chase fewer sales? It is not the first time that Ferrari has decided to limit supply: 'In 2003 we did the same,' explains Montezemolo.

Volvo debuts S60L for the Chinese market

If you've tried the Volvo S60, did you get the feeling that it might benefit from a little more legroom in the back? The first-generation S60 and the second-generation S60 are fine automobiles, but if there's one gripe we've heard from owners about their cars, it's that rear-seat legroom could be a tad more generous (on that one day of the year when they have more than two people in the car). For the 2014 model year, Volvo is introducing a long-wheelbase version of the sedan, dubbed the S60L, but it will be available only in the Chinese market where long-wheelbase sedans are "a thing." The S60L will have a wheelbase that is 3.1 inches longer than the standard model, for a total of 112.4 inches, all benefiting rear-seat passengers.

Renault, Caterham form joint venture to build sports cars

Two lightweight two-seat sports cars, likely to be on sale in 2015 or 2016, will be the first output of a joint venture between French automaker Renault and U.K. sports car maker Caterham that was announced Monday. Renault will put its Alpine factory in Dieppe and its 300-person workforce into the 50:50 joint venture.