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Ferrari looks at layoffs, cuts back production

We guess it's not all GTOs and 458 Italias. The word out of Italy is that Ferrari is looking at cutting production and eliminating 9 percent of its workers after sister company Maserati cut engine orders. Ferrari made only about 4,500 engines for Maserati last year, compared with nearly 9,000 in 2008.

Cadillac XTS aimed at luxury-import owners

It is a small niche, but an important one for Cadillac as it prepares to launch the XTS sedan. The industry calls it the "black car" business. The Cadillac XTS sedan will hit dealer showrooms next year in late spring or early summer.

EyesOn Design Awards 2014 presented in Detroit

The winners of the EyesOn Design Awards have been announced in COBO Hall at the end of the second press day of the 2014 North American International Auto Show in Detroit. More than 30 competition judges, who are active or retired heads of design at automotive manufacturers and chairs of transportation design education programs, declared the Ford Mustang the ‘Best Production Car'. The 2015 model, relaunched in time for the model's upcoming 50-year anniversary, is instantly recognizable as a Mustang, retaining similar proportions to the outgoing model but with a more sculpted and sophisticated silhouette.