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Ferrari posts record sales despite economic uncertainty

Global economic waters are far from calm, but Ferrari has managed to steer clear of the turmoil. The Italian automaker has released sales figures for the first six months of 2012, and they’re impressive by any measure. Revenues for the first half of the year are up nearly 12 percent, and net profits have risen 10 percent to over $130 million.

Maserati Ghibli

Maserati has unveiled the first images of the 2013 Ghibli ahead of its official debut next week at the Shanghai Auto Show. While the Ghibli badge has previously been reserved for coupés – both Giugiaro's 1967 original and Gandini's Biturbo-based 1992 Ghibli II – this is a four-door sports sedan to sit below the larger Quattroporte revealed in January at the North American International Auto Show. It's the first time the carmaker has built a car for the E-segment since the 1994 Quattroporte IV and is set to challenge high end of the Mercedes E-Class and BMW 5-series in AMG and M5 guises respectively.

Alfa Romeo to go all-RWD

And Alfa Romeo's saga of restructuring, postponing and rejiggering continues, swathed in announcements, reports, rumor and innuendo. A few months ago, the product plan at the Italian automaker centered around the existing MiTo and Giulietta (cousins of the 500 and Dart, respectively), the almost-at-hand 4C, the upcoming Giulia sedan and the Duetto, a roadster based on the next Miata. Forget that.