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Europe’s economic problems sees UK become biggest Ferrari market in Europe

The Ferrari F12 (pictured) helped Ferrari to strong profits in the first half of 2013 The economic crisis in the Eurozone has seen Ferrari’s sales in countries like Italy and Spain plummet, and Greece managed just one sale in 2012 (and even that came to the UK). But Ferrari have a plan to keep profitability by limiting supply and achieving stronger revenues for the sale they do make – with stuff like Ferrari’s bespoke Atelier and Tailor Made services and Classiche work adding more revenue – to keep them powering forward, and it seems to be working despite poor sales in many European countries. In fact, despite an increase of just 2.8 per cent in volume, Ferrari has managed to increase their profits in the first six months of 2013 by an impressive 20 per cent, with total sales of 3,767 and net profits of €1.22 million.

Hyundai i20 WRC starts testing

Hyundai has been busy plotting its return to WRC Rallying for 2014, but so far it’s all been about behind the scenes work on building an i20 capable of taking on the rally world and gathering a team that can make it a success. But with the first official outing for the i20 due in January 2014 in Monte Carlo, Hyundai has finally taken their i20 WRC out in the world to give it some proper testing outside the workshop, Hyundai have been playing on a private testing ground to check out the i20′s systems, followed by a comprehensive testing session to work on different setups and gather data, with a major focus on the i20′s 1.6 litre turbo which, until now, hadn’t been run in the car outside Hyundai’s R&D. Hyundai say all went well over the 55okm of testing across three days, a prelude to a full programme of testing in the coming months as Hyundai get closer to their official debut.

Global Vehicle Architecture opens new fully-equipped 3D Design Studio in Beijing

Global Vehicle Architecture (GVA) – a specialist independent design company encompassing all forms of transportation design – has opened a fully-equipped design studio in Beijing to cater for the growing  demand for design support services. GVA is unique in that it is the first European automotive designer led facility of its kind in China offering complete in-house modeling capabilities. The 2,000 square-meter studio, situated only 10 minutes from the 798 Art district and in close proximity to Beijing's airport, boasts extensive facilities including an 18-meter plate area, and prototype car build capabilities.