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Ferrari looks at layoffs, cuts back production

We guess it's not all GTOs and 458 Italias. The word out of Italy is that Ferrari is looking at cutting production and eliminating 9 percent of its workers after sister company Maserati cut engine orders. Ferrari made only about 4,500 engines for Maserati last year, compared with nearly 9,000 in 2008.

Renault Formula E racer (2013) at Frankfurt motor show

Formula E, the new elite racing series for electric single-seaters, has got the FIA’s backing, confirmed the major cities that will host the races, and now we've finally seen the crucial racecar. This is the Spark-Renault SRT_01E, a joint project developed between Renaultsport and Spark Racing Technology (SRT) which has just been unveiled at the 2013 Frankfurt motor show. There’s also been input from F1 legends Williams and McLaren, plus Dallara (which builds all the cars for the IndyCar series in the US).

Jaguar X-Type axed early

Jaguar is ending production of the Jaguar X-Type at the end of the year The X-Type recipe was a Ford inspired one. Take the basics of the Ford Mondeo – a much better car than it’s given credit for – and Jaguar-ify it to produce a smaller car to fit in to the Audi A4 / BMW 3 Series / Mercedes C-Class category. But it got saddled with the looks of the old Jaguar XJ (i.e.