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Ferrari ramps up engine-making -- for Maserati

Ferrari is adding 250 workers and expanding its engine-building capacity, even as it says it will cut car production this year at its landmark factory in Maranello, Italy. Why the cause for growth? Ferrari is ramping up its in-house engine operation and will produce more V6 engines, which sister company Maserati will use in the redesigned Quattroporte sedan and the smaller E-segment entry, the Ghibli.

Porsche chief Wendelin Wiedeking resigns

Porsche chairman Wendelin Wiedeking has bowed to mounting pressure in announcing that he will step down immediately. The resignation came Thursday, following a surprise meeting of the company's supervisory board at its Weissach R&D headquarters outside of Stuttgart, Germany, on Wednesday night. Wiedeking's announcement comes after months of tense and public infighting following Porsche's failed attempt to wrest control of Volkswagen, which left it with $12.7 billion in debt, and slowing sales in key markets such as North America.

Range Rover Sport ploughs into basement flat

This supercharged Range Rover Sport found itself stuck between a brick and a hard place when it crashed into a basement flat in Fitzrovia, central London. The driver, who was unhurt in this week's accident, unintentionally tested the Range Rover's off-road credentials in a freak incident, which left the 2.5-tonne SUV stuck between a house wall and some railings in the posh London street. Please click on the photo above to read more about the Range Rover Sport crash