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Ferrari apologises for 458 burning rubber on Great Wall of China (video)

Ferrari 458 'damaging' the Great Wall of China Ferrari hired a section of the Great Wall of China for a publicity event, but an employee damaged the Great Wall by burning rubber in a 458 Italia. China is a very big deal for Ferrari, as evidenced not only by rising sales but by the special editions Ferrari sells in to the burgeoning luxury car market in China, like the 458 Italia China Special Edition. Sot it’s no surprise that Ferrari wanted to hire out a section of the Great Wall from local authorities in China for a bit of an ‘event’.

Spyker want $3 billion from GM over Saab Saga

Spyker has filed a law suit against General Motors for $3 billion for refusing to allow Saab to be sold to the Chinese. Victor Muller is not the kind of man who gives up until he’s exhausted every avenue to get what he wants. Which might explain why Spyker has just issued a $3 billion law suit against GM.

Black cab fares to rise

BLACK cab fares in the capital are going up and could rise again as early as next January. From April 5, London taxi fares will increase by an average of 0.7%, Transport for London (TfL) announced today. TfL said the below-inflation increase was the lowest since it took responsibility for licensing taxis in 2000 and the rise equated to just 9p more on an average fare.