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Ferrari looks at layoffs, cuts back production

We guess it's not all GTOs and 458 Italias. The word out of Italy is that Ferrari is looking at cutting production and eliminating 9 percent of its workers after sister company Maserati cut engine orders. Ferrari made only about 4,500 engines for Maserati last year, compared with nearly 9,000 in 2008.

Honda launches heritage-collection clothing line

If a Honda Accord or Civic, or maybe even a Goldwing motorcycle, isn't enough of a fashion statement for you, Honda has a new line of clothes rolling out this spring. The Honda Heritage Clothing Collection debuted with a launch party and fashion show this week in Los Angeles. Capitalizing on the vintage T-shirt trend, Honda's new collection includes tees, shop shirts, shrunken sweatshirts and tote bags branded with graphics inspired by the carmaker's logos and advertising campaigns of the 1960s, '70s and '80s.

World’s oldest unrestored Austin Mini fetches £40k

1959 Austin Mini Seven went for £40k The oldest unrestored Mini in the world was expected to fetch £12-15k in auction last week. It actually went for £40,250. Just a couple of weeks ago we reported that the oldest unrestored Mini in the world was going under the hammer at the Bonhams sale at the RAF Museum in Hendon, expected to fetch as much as £15k.