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Ferrari black: Prancing Horse turns a profit in first quarter

Ferrari racers have always worn red. But black has been the standard-bearer for the company so far this year, as the Prancing Horse turned a $72 million trading profit in the first quarter. Making money amid the global economic crisis is no small feat--and Ferrari posted the gain despite a slip in sales and revenue.

One Lap of the Web: Classic car garage, self-parking Volvos, and the fastest cars under $30K

This tiny garage in White Plains, N.Y., plays host to many rare classics. Dominik European Car Repair has been open since 1961 and has been family-owned ever since. The garage features classic cars from the 1950s, '60s and '70s.

Audi to hold Urban Future Summit

Aiming to further the thinking initiated at the inaugural Urban Future Awards last year, 2011 will see Audi hold the Urban Future Summit on September 12 in Frankfurt, just prior to the start of the 64th international motor show. The symposium will feature presentations from internationally renowned speakers on the future of individual mobility in megacities, with participants from all over the world. The goal of the summit is to ‘build knowledge networks', focusing on the subject of "Energies - what forces will change the cities of the future?" Expert speakers such as Saskia Sassen, Carlo Ratti, Ludger Hovestadt and Charles Leadbeater will be among those who will discuss how mobility and the urban space must develop to meet the demands of future cities.