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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.

Volkswagen & Suzuki – it’s handbags at dawn

Volkswagen Suzuki Partnership - things aren't exactly rosy Back in 2009 Volkswagen invested a rather large chunk of change (around €2 billion) in Suzuki in exchange for a 20% stake in the Japanese car maker, and there were big hopes for advantages for both parties. Volkswagen were looking for a quick-fix route to the burgeoning car market in India, where Suzuki were doing very well, with sales in India last year of 1.13 million cars – almost half its production – in comparison to VW’s paltry sales of just 53,000. In return, Suzuki were expecting to get a quick route to cutting-edge hybrid and electric tech for their range, and access to VW’s engines.

Dacia Sandero Stepway launched in Europe

The Dacia Sandero Stepway will be available in Europe from September The Dacia Sandero Stepway is in fact the European version of the Stepway that was launched in Brazil at the end of last year by the Romanian version of Renault, and has now had its European launch at this week’s Barcelona Motor Show. Based on the Dacia Sandero hatchback, the Sandero features a raised ride height, a satin finished chrome nose and roof bars, 16″ wheels and a chrome exhaust pipe. It comes equipped with EBD (electronic brake distribution) and EBA (emergency brake assist).