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Ferrari posts record sales despite economic uncertainty

Global economic waters are far from calm, but Ferrari has managed to steer clear of the turmoil. The Italian automaker has released sales figures for the first six months of 2012, and they’re impressive by any measure. Revenues for the first half of the year are up nearly 12 percent, and net profits have risen 10 percent to over $130 million.

Bahrain Grand Prix Cancelled – revealed on Twitter

2011 Bahrain Grand Prix Cancelled Bernie Ecclestone said the cancellation or not of this season’s F1 opener in Bahrain would be down to Crown Prince Salman bin Hamad bin Isa Al Khalifa who was in the best place to judge. But it was actually the Bahrain State’s Information Affairs Authority who made the announcement this afternoon that this year’s Bahrain Grand Prix – due to be staged at the Bahrain International Circuit on March 13th – would not go ahead. The announcement said that “Bahrain’s priority is on overcoming tragedy, healing divisions, and rediscovering the fabric that draws this country together.” Which seems a great deal more important than a bunch of rich guys driving round in circles for the world’s entertainment.

Consumer Reports calls out Ford mileage claims

Yet another flagship Ford technology has ended up on Consumer Reports' bad side. After roundly panning the MyFord Touch infotainment system, the magazine has now gone after EcoBoost, Ford's line of direct-injected turbocharged gasoline engines. CR went so far as to label the technology “Eco-Boast.” Me-ow.