Intake Manifold 65 Corvette 396 425 Chevelle Z16 Aluminum 3866963 L78 12/23/64 on 2040-parts.com

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.

Stolen, chopped Ford GT is the saddest thing you'll see all day

The Ford GT is one of the best American sports cars in ages, and also one of the most desirable. No, the Ford GT didn't make the list of “most stolen vehicles,” but that doesn't make it immune from theft, as this report from U-T San Diego makes painfully clear. Case in point: These remains of a 2005 Ford GT that was stolen in Rancho Santa Fe, Calif.

Saab files for bankruptcy

Struggling Swedish manufacturer, Saab, has finally filed for bankruptcy. What may well prove to be the closing chapter in this ongoing saga could see the iconic brand laid to rest following months of uncertainty. A statement by parent company, Swedish Automobile NV (Swan) announced that: ‘After having received the recent position of GM on the contemplated transaction with Saab Automobile, Youngman informed Saab Automobile that the funding to continue and complete the reorganization of Saab Automobile could not be concluded.