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Ferrari boss Montezemolo says his future is fast cars--and fast trains

Ferrari S.p.A. Chairman Luca Cordero di Montezemolo has pledged his future to the supercar brand, refuting speculation that he might quit to join Italy's government. “In my future I see fast cars and fast trains--and no politics,” Montezemolo told Automotive News Europe in an interview at Ferrari's headquarters here.

SsangYong Korando 4×4 gets cheaper with arrival of the Korando SX

SssangYong has dropped the entry price for its 4WD C-Segment SUV Korando with the launch of the Korando SX. SsangYong is the Korean car maker that hasn’t yet quite managed to drag itself out of the bin marked ‘Oh, dear’, but the takeover of SsangYong by the deep-pocketed Mahindra and the launch of the seemingly convincing SsangYong Korando Crossover/SUV last year auger well. The Korando is aimed at cars like the Hyundai ix35 and Kia Sportage, and it seems a decent enough offering in a slightly generic way (even if it is penned by Giugiaro), with a 2.0 litre turbo diesel with a decent enough 173bhp and with a choice of auto or manual, FWD or 4WD.

Fiat gets approval to purchase Bertone coachbuilding business

Fiat S.p.A.'s bid for Carrozzeria Bertone S.p.A. was approved Thursday by the Italian government. Fiat will invest $215.9 million (150 million euros) over three years in the struggling contract manufacturer that has produced models ranging from the Lamborghini Miura to the Volkswagen Polo during its 96 years in business.