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Ferrari posts huge profits - by building fewer cars

AP Ferrari today announced an 8% jump in trading profits to €363.5 million in 2013 - despite selling 5% fewer cars. It's all part of the supercar maker's planned reduction in supply to keep values and demand for Ferraris rock-solid, Maranello reported. Turnover and profit all surpassed previous records, despite the reduction in the number of cars built.

BMW i3 EV revealed. It’s clever, but it’s not exactly pretty

The BMW i3 electric city car (pictured) has been officially revealed The BMW i3 – the first of BMW’s production ‘i’ electric cars – has finally been revealed at events in London, New York and Beijing as BMW plots its course to bring a premium electric city car to the world. Looking much like the original Mega City Concept, the i3 debuts a number of innovations from BMW – which are very clever – but it also debuts perhaps the worst looking BMW we’ve ever seen, with its incongruous lines, bulging bonnet, odd shapes on the flanks and slab-backed rear view. But what underpins the i3 is clever indeed, with a lightweight inner body made from carbon fibre and carbon fibre reinforced body panels providing the skin, all conspiring to make the i3 light – 1195kg, despite 25 per cent or so of that being batteries – and very rigid.

Italdesign Giugiaro Quaranta

By Guy Bird Motor Shows 10 March 2008 11:53 What’s new on Italdesign Giugiaro’s Geneva Motor Show stand? The Quaranta concept. It celebrates 40 years of Italdesign and its founder, Italian car design legend Giorgetto Giugiaro, the man behind the VW Golf Mk1, BMW M1 and the original Alfa Romeo Brera concept.