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Europe’s economic problems sees UK become biggest Ferrari market in Europe

The Ferrari F12 (pictured) helped Ferrari to strong profits in the first half of 2013 The economic crisis in the Eurozone has seen Ferrari’s sales in countries like Italy and Spain plummet, and Greece managed just one sale in 2012 (and even that came to the UK). But Ferrari have a plan to keep profitability by limiting supply and achieving stronger revenues for the sale they do make – with stuff like Ferrari’s bespoke Atelier and Tailor Made services and Classiche work adding more revenue – to keep them powering forward, and it seems to be working despite poor sales in many European countries. In fact, despite an increase of just 2.8 per cent in volume, Ferrari has managed to increase their profits in the first six months of 2013 by an impressive 20 per cent, with total sales of 3,767 and net profits of €1.22 million.

Gert Hildebrand on his new challenge at Chinese startup, Qoros

Qoros Auto, a new start-up luxury automaker which launched in China late last year, is poised to take on the established German firms in the increasingly competitive luxury segment. The company was formerly known as Chery Quantum Auto Co. Ltd (“CQAC”) and is a 50/50 joint venture between Chery Automobile and Israel Corporation.

Jaguar Academy of Sport and tomorrow's sports heroes

By Phil McNamara Motoring Issues 20 April 2010 12:26 The icons backing Jaguar’s Academy of Sport have triumphed at the highest level. Their collective achievements include 54 Olympic and world championship medals, 10 F1 podiums and a Le Mans win, England’s most successful cricket captain and our most prolific wicket taker, plus the rugby player voted the greatest of all time. And Champions League-wining footballers David Beckham and Steven Gerrard, along with Olympic cyclist Sir Chris Hoy, couldn’t make it.