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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.

Self-driving Tesla could hit roads within three years

Electric car manufacturer Tesla has said that self-driving cars could be a reality within the next three years, with the firm targeting a computer-guided version of its Model S saloon. Tesla chief executive officer Elon Musk said in an interview with the Financial Times that the autonomous driving technology would act like “an autopilot” that could be switched on and off like an aeroplane’s guidance system. On Bing: see pictures of autonomous cars Find out how much a used Tesla costs on Auto Trader However, while Musk claimed that 90% of distances driven today would be able to be completed autonomously in three years’ time, he also admitted that fully self-driving vehicles may be a “bridge too far” in the near future.

Audi Q1 (2016) tiny SUV confirmed by Audi

By Damion Smy First Official Pictures 02 December 2013 15:50 The Audi Q1 has been confirmed by the German car maker as part of its expansion to a 60-model line-up by 2020 – including a glut of which will be Q-badged SUVs. The letter Q, of course, is the designation for the brand’s SUV line-up, which currently kicks-off with the Audi A3-based Q3. While popular, the Q3 has never had the style image and leadership Audi has desired – like the RangeRover Evoque has managed – and is looking to make amends with its newest niche filler.