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Ferrari plans new club to help loyal owners buy limited-edition cars

Ferrari plans to create a collector's club to give loyal customers a better chance of owning one of the company's limited edition cars. The club likely will be open only to people who possess at least five Ferraris. The Italian supercar brand says there are about 300 collectors worldwide who own five or more Prancing Horse models.

Crunch watch Mar 09: the auto industry in crisis

By Ben Pulman and Tim Pollard Motor Industry 31 March 2009 13:48 Tuesday 31 March 2009• Porsche said that its earnings before tax rose to €7.3 billion in the six months to the end of January – including a €6.8bn windfall from its VW share options (Financial Times)• Fritz Henderson, GM's president and chief operating officer, will step up to replace Rick Wagoner, who was ousted on Sunday as CEO of General Motors (Financial Times)• President Obama is essentially CEO-in-chief of GM – despite not owning a single cent of stock, says Detroit News commentator (Detroit News)• German chancellor Angela Merkel gives assurances that any would-be investors in GM's European arm will be given state support. Opel is asking for €3.3 billion in aid – and up to 25,000 jobs in Germany depend on it, with up to 300,000 jobs across Europe including Saab and Vauxhall (BBC News)Monday 30 March 2009• General Motors' chief executive Rick Wagoner has been ordered to resign by US president Barack Obama with immediate effect. It's part of Obama's administration's critique of GM and Chrysler's turnaround plans – he's understood to be unhappy with the plans submitted (BBC News)• New GM non-executive chairman Kent Kresa has admitted that at the company's next general meeting it will have 'a majority of new directors' (General Motors)• Chrysler will receive US government aid for the next 30 days, but the Obama administration has said that if the company cannot secure a tie-up with the Fiat Group within that time period it will not receive any more money from the taxpayers and could go into liquidation.

MP calls for taxis to have CCTV

HIGH RISK situations for taxi drivers could be mitigated by installing CCTV cameras in all minicabs and taxis, according to a Conservative MP. Bedford MP Richard Fuller said that cameras, which are long overdue, would also help make passengers feel safer. Proposing his Licensed Hackney carriages and private hire vehicles (Closed circuit television) Bill, Mr Fuller said: "In this Bill, I would propose that we should provide for secure and encrypted CCTV." Mr Fuller's Bill would ensure that recordings would only be for police access and only in specific cases.