Toyota Oem 5380635010 Fender-cover on 2040-parts.com

How well is Ferrari really doing? Results analysed

Ferrari seems to be holding up well in the global recession, according to figures announced this week. Its market share is up, consolidated revenues fell just 7% in 2009 and overall operating profit stood at a juicy €245m. Not a bad performance in the biggest economic downturn for generations.Ferrari operates in the upper echelons of the premium sports car market: serious stuff with at least 450bhp and a minimum €140,000 price tag.

Under the hammer, overseas: Russo and Steele explores classic-car auction in China

It's ambitious, it's unprecedented and it's loaded with pitfalls. But if it can be pulled off, it could serve as a template for international growth for American auction houses. Russo and Steele is expanding into China and has announced plans this fall to form a joint venture with a Chinese company as a foothold.

GM kills Cadillac SRX turbo

General Motors has stopped making the Cadillac SRX turbo crossover because of low sales. The turbo version made up 5 to 10 percent of SRX model sales since its debut in December 2009, Cadillac spokeswoman Robyn Henderson said Monday. In 2010, GM sold 45,229 SRX units through November, the most recent data available.