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Ferrari online auction to benefit victims of Italian earthquakes

The series of earthquakes that struck northern Italy this month did much more than temporarily halt supercar production. It resulted in the deaths of at least 24 people and caused hundreds of millions of dollars in property damage. Ferrari, whose hometown of Maranello is situated in the quake-stricken region, will conduct an online auction and contribute proceeds to the families of earthquake victims.

Ferrari 599 Hybrid at Geneva

The report of the Ferrari 599 Hybrid destined for Geneva We know that Ferrari are doing what every other car maker is and working on systems to cut their average CO2 emissions, save a few bob and look a bit more ‘Eco’. There is already an electric Ferrari powertrain in development and Ferrari have in effect been trialing hybrid technology with their F1 cars equipped with KERS. So it comes as no huge surprise that it’s being reported Ferrari are to bring a hybrid version of the 599 to the Geneva Motor Show next year.

Spyker warns that Saab's future is 'uncertain' without fresh funds

Spyker Cars NV, the Dutch parent of Saab, said the Swedish automaker's financial situation is worsening and warned that Saab's future is at risk without additional financing. In its annual report released today, Spyker said the company's "continuity" could become uncertain unless it secures extra funds to finance ongoing operations and the execution of its business plan. Earlier this week, Saab was forced to shut down production for short intervals after key suppliers halted parts deliveries for non-payment.