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Detroit Electric moves production to Holland

Detroit Electric is going ahead with production of its Lotus-based sports car in the lovely Detroit suburb of…Holland. Unfortunately it's not the coastal city in the western part of Michigan, but the one in northern Europe. The facility will begin production in the fourth quarter of this year, according to the Detroit News.

New Kia Soul for 2013 Frankfurt Motor Show

The new second-generation Kia Soul crossover will make its European debut at next month’s 2013 Frankfurt Motor Show, boasting increased practicality and improved efficiency over its predecessor. Based on the latest Kia Ceed hatchback platform, the new car goes on sale in the UK early in 2014, with prices expected to start around £13,000. The 2014 Kia Soul will be available with the firm’s latest 133hp 1.6-litre petrol and 126hp 1.6-litre turbodiesel engines.

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.