Door Battery Vintage Car Ford Alfa Romeo Lancia Zagato Ansaldo Isotta Bmw on 2040-parts.com

Ferrari posts huge profits - by building fewer cars

AP Ferrari today announced an 8% jump in trading profits to €363.5 million in 2013 - despite selling 5% fewer cars. It's all part of the supercar maker's planned reduction in supply to keep values and demand for Ferraris rock-solid, Maranello reported. Turnover and profit all surpassed previous records, despite the reduction in the number of cars built.

FCA issues warning on logbook loans

VULNERABLE people who use their car as security to take out a loan are finding themselves squeezed even harder financially and even threatened, the City regulator has found. The Financial Conduct Authority warned it will put firms offering logbook loans out of action if they do not "dramatically" improve their standards, after finding evidence of poor behaviour including little or no affordability checks being carried out and some applicants being encouraged to manipulate details of their income. It said lenders are failing to properly spell out exactly how expensive such debts will be, with the true cost often masked by an emphasis on "low" weekly repayments and key terms and conditions buried in small print.

Toyota will pay NHTSA fine, adds to recalls

Toyota has stayed at the top of the news in the last few days. The Japanese automaker agreed to pay the record $16.4 million fine the U.S. Transportation Department levied against it, even as it scrambled to fix the Lexus GX 460 that Consumer Reports said was unsafe to drive.