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Mitsubishi CEO pledges to stay in U.S., wants to quadruple sales

Mitsubishi Motors Corp. President Osamu Masuko says the company won't pull out of the U.S. market and that his personal mid-range sales target is 200,000 units a year, or roughly four times today's level of 50,000.

GM recall shows NHTSA failings too

Ever since General Motors recalled 1.6 million of its cars globally over a decade-old defect that could cut off engines and deactivate airbags in a crash, the automaker has been pointedly contrite. After all, its slow response may have cost some people their lives. So why have U.S.

Ferrari plans to sell fewer cars in 2013

Ferrari boss Luca di Montezemolo has announced an unusual plan for the Prancing Horse: to sell fewer cars in 2013 than the 7000 it delivered in 2012. Speaking in Maranello, di Montezemolo stated that 'this is a far-sighted decision to strengthen our brand equity, from what I learned from Enzo Ferrari… We must resist people who say the competition will benefit from us making fewer cars… When others penetrate our markets, we are happy to meet this challenge.' Is Ferrari mad to chase fewer sales? It is not the first time that Ferrari has decided to limit supply: 'In 2003 we did the same,' explains Montezemolo.