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Will the California damage Ferrari?

[ad#ad-1] Ferrari has had a wonderful 10 years. Riding the back of a benign world economy, it has doubled the number of cars it sells to over 6,000 a year, and sales have risen to over €1.6 billion. The biggest success by far has been the 360/430, which easily accounts for the lion’s share of the sales.

Former General Motors CEO Robert Stempel dies

Former General Motors CEO Robert Stempel, who led the automaker during a turbulent period of recession and restructuring in the early 1990s, has died at the age of 77. "Bob was a very popular chairman with employees, and his many accomplishments as a visionary engineer included leading the development of the catalytic converter, one of the great environmental advancements in auto history," GM said in a statement. "His knowledge of battery development led to the push for the EV1 electric car, and Bob continued to build his expertise in the electrification of the automobile after he left GM in 1992." Stempel died Saturday in Florida, the Detroit News and Detroit Free Press reported Monday night.

Weather creates travel misery

BRITAIN’S bleak midwinter continued today with strong winds, floods and fallen trees causing chaos to travellers trying to get away for Christmas. On the roads, many major routes were flooded or blocked by fallen trees, with Kent, Hampshire, Surrey, Sussex and Cornwall among the affected counties. In Dorset fire crews had to rescue 25 people trapped in their cars by flood water, while as many as 100,000 homes across the country were left without power.