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Get a classic car restoration scholarship

Hagerty recently announced it has teamed-up with LeMay–America’s Car Museum to help develop a new program focusing on education on vehicle restoration. This hands-on learning program has been dubbed the “Hagerty Education Program at America’s Car Museum,” and will provide scholarships as well as educational grants to students who are eager and committed to the collector-vehicle industry. Hagerty wants to carry on the success of the former Collectors Foundation, originally introduced in 2005, to continue to educate young people between the ages of 14-25 on the inner workings of the automotive preservation and restoration process.

Mazda prices 2012 Mazda5 from $19,990

Mazda will sell its six-passenger 2012 Mazda5 van for a base price of $19,990, including shipping, when it goes on sale in January. The 2012 Mazda5, which Mazda calls a multi-activity vehicle, saw its North American debut at the Los Angeles auto show earlier this month. Mazda increased the base price by $730 compared to the 2010 Mazda5.

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.