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Britain leads bumper year for Ferrari

FERRARI may be struggling on the Formula One track, but its bank accounts are in fine shape after profits reached new record highs. After delivering 3,631 cars in the first six months of the year – 3.6% fewer than the me period in 2013, in line with the company's plans to reduce deliveries – revenues were up 14.5% to almost £1.35 billion. Profits rose 5.2% to £185 million, which should pay for a good send-off for the outgoing Ferrari Chairman Luca di Montezemolo after his 23 years of service.

Kia preparing a range of sporting models

Kia is quietly readying a string of sportier models to pep up its humdrum image, CAR has learned. The burgeoning sports car plan is likely to sire everything from hot hatches to standalone sports cars. On our trip to Korea this week, sources at Kia HQ confirmed a range of performance models, designed to mix some excitement into a brand that now commands respect from mainstream buyers after its crawl upmarket to the volume market alongside Europe's mass-market brands.

Hyundai ix20

Hyundai has revealed the first images of its new ix20, a new B-segment MPV that will join the Korean automaker's product range in Europe later this year. Following on from the ix35, the ix20 is the second European car to adopt Hyundai's new 'fluidic sculpture' design language.  The new car, which will make its official debut at the Paris motor show, has been designed and developed at Hyundai's European R&D center in Rüsselsheim, Germany, under the direction of Thomas Buerkle. The car's name is said to reflect the new model's crossover-like versatility, which combines functionality with sportier driving dynamics.  Hyundai claims the ix20 aims to steer away from the boxy minivan image typically associated with the segment and appeal to buyers with young families.