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State of Ferrari: Supercar maker evolves, strives for exclusivity in consumer age

Ferrari means a great deal to a great many, but there are some things it is not--and will never be, says chairman Luca di Montezemolo. That means no full electric cars, four-doors and even fewer Ferraris. All of this is meant to preserve equity in the famous Ferrari brand, believed to be one of the most valuable in the world in any segment of consumer products.

GM stops Chevy Volt production to trim inventory

General Motors will idle the Detroit-area assembly plant that builds the Chevrolet Volt for more than a month to curb rising inventories of the plug-in hybrid. On March 1, GM told 1,300 workers at its Detroit-Hamtramck assembly plant in Michigan that it will shut down production for five weeks, starting the week of March 19. GM plans to resume production on April 23, spokesman Chris Lee said.

Sustrans backs City's 20mph plan

THE CHARITY Sustrans, which encourages people to travel by foot, bike or public transport, has welcomed plans to cut speed limits within the City of London to 20mph. The City of London's Court of Common Council approved the plan to reduce the speed limit to 20mph in the City as part of its Road Danger Reduction Plan. It is argued that the plan will reduce casualties by almost 10% while adding only a minute to journey times.