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Ferrari will launch first hybrid in 2013

Ferrari will offer its first gasoline-electric hybrid system in 2013. The technology will be featured in the as-yet-unnamed car that will replace the limited-edition Enzo. "We are entering the market with our Formula One-derived hybrid system, which will slash fuel consumption and increase performance," Ferrari CEO Amedeo Felisa told Automotive News Europe on the sidelines of the Beijing motor show.

Rural motorists pay price at pumps

RURAL MOTORISTS are beginning to feel petrol price pressure at the pumps again, according to the AA. Average UK petrol prices went back above 130p a litre at the end of April and continue to hover around that level. But the AA said that a war in which supermarkets have pitted vouchers against rock-bottom pump prices means the cheapest petrol in many big towns and cities is at year-lows of just under 126p.

Pininfarina takeover would boost Magna expertise in key areas

Magna International Inc. would become a stronger competitor for design and development jobs if it takes over struggling car styling and engineering firm Pininfarina S.p.A., executives say. “Magna badly needs design competence, and Pininfarina has top staff,” said Paolo Tumminelli, CEO of Goodbrands GmbH, a brand and marketing consultancy based in Cologne, Germany.