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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.

Mandelson to announce help for car makers

Lord Mandelson is the man charged with finding ways to fund UK Car purchases (yes, he of the dodgy mortgage debacle – at least he should know a few tricks!) as the credit crunch has dried up funding, leading to an unprecedented drop in new car sales in the UK. Mandelson is due to make a statement in the Lords just after 3pm today, outlining the help the government is going to offer to ailing car makers. Central to this package is expected to be a funding channel directly from the Bank of England to inject liquidity in to the car financing sector.

Toyota fails to land 'top safety pick' rating in insurance-group study

For the first time in three years, none of Toyota Motor Corp.'s vehicles received “top safety pick” ratings from an insurance group, as tougher criteria pared the number of selections from 94 last year to 27 this year. Ford Motor Co. led all automakers for the second year in a row with six 2010-model top safety picks from the Insurance Institute for Highway Safety, including four from Volvo, a brand that's being sold.