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Ferrari posts huge profits - by building fewer cars

AP Ferrari today announced an 8% jump in trading profits to €363.5 million in 2013 - despite selling 5% fewer cars. It's all part of the supercar maker's planned reduction in supply to keep values and demand for Ferraris rock-solid, Maranello reported. Turnover and profit all surpassed previous records, despite the reduction in the number of cars built.

Mazda Miata roadster passes 900,000-built milestone

Mazda on Friday built its 900,000th MX-5 Miata, raising the bar on its Guinness World Record for best-selling two-seat sports car. The MX-5 Miata originally set the record in May 2000, when production reached 531,890 units. But the record was updated when production reached 700,000 units and again when production reached 800,000 units.

Caterham Seven 160 launches as a back to basics Seven

Caterham Seven 160 launches as a back to basics Seven The promise of 80bhp from a tiny Suzuki 3-cylinder turbo engine may not sound the perfect recipe for a fun little sports car, but wrapped up in the ‘back to basics’ Caterham Seven 160 it very well could be. Caterham has revealed details of their new entry-level Seven – called 160 – after a tease earlier in the year, which comes with the aforementioned Suzuki 3-pot engine which is powerful enough to promise brisk acceleration of 0-62mph in 6.5 seconds. Caterham has stripped the 160 back to the bone with very low weight, it gets a five-speed manual – from Suzuki but tweaked by Caterham – and a live rear axle.