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Gemballa MIG-U1: how to ruin your Ferrari Enzo

Gemballa is infamous for tweaking Porsches – it calls the process of producing 740bhp Cayennes ‘refining’ – but now the German tuner has turned is attention to Ferrari. And Uwe Gemballa and his team have started right at the top: the Gemballa MIG-U1 is actually a Ferrari Enzo. It’s Max Power for millionaires.  Power increases aren’t key here – instead it’s the new aero package that Gemballa is most proud of.

Chief engineer of Ford Focus quits to lead German yacht builder

Jens Ludmann, chief program engineer for Ford Motor Co.'s new Focus, is quitting the automaker to head a German-based maker of luxury yachts. Ludmann led a team at Ford's European base in Merkenich, near Cologne, Germany, that developed the Focus, the first car from CEO Alan Mulally's global One Ford strategy and flagship of the company's new range of global C-segment products. The German native, who joined Ford in 2000, will become CEO of Bavaria Yachtbau GmbH, effective Aug.

Lamborghini reports drop in profits

Lamborghini has announced a pre-tax loss of £32m for 2009 as the world recession led to a slump in supercar sales. Lambo delivered 1515 supercars last year, down 38% from 2008's 2430.  Turnover dropped 41% to £215m. It's a far cry from the dizzy heights of the boom years.