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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.

Why the Honda Ridgeline pickup is driving off into the sunset

The Honda Ridgeline is a good example of what happens when an automaker abandons a model. After much fanfare with its introduction in 2005, little was done to upgrade the mid-sized pickup. Ridgeline's plummeting sales are no surprise considering the lack of sheet metal changes and significant engineering improvements over the seven-year period.

Penske honored with Keith Crain award at Washington auto show

Racing and dealer magnate Roger Penske was given the Keith Crain/Automotive News Lifetime Achievement Award on Thursday evening at the Washington auto show. The award is given to an individual for significant contributions to the auto industry. Carroll Shelby won in 2011, and Ralph Nader and U.S.