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Ferrari black: Prancing Horse turns a profit in first quarter

Ferrari racers have always worn red. But black has been the standard-bearer for the company so far this year, as the Prancing Horse turned a $72 million trading profit in the first quarter. Making money amid the global economic crisis is no small feat--and Ferrari posted the gain despite a slip in sales and revenue.

VW logo gets pupil banned from school

A schoolboy has been kicked out of lessons after having the Volkswagen logo shaved into his hair. 11-year-old Zac’s mum, Charlotte Eccleston, and her partner both drive Volkswagen Golfs, and they’re his favourite car. On Bing: see pictures of Zac’s haircut Find out how much a used Volkswagen costs on Auto Trader So, when allowed to have a new do over the Christmas holidays, Zac opted to have the VW logo shaved onto the back of his head.

BMW M5 Nighthawk special edition revealed in Japan

BMW has released a special limited edition of the M5 for the Japanese market called the Nighthawk. The special run of just 10 examples will feature a matte paint BMW calls "Frozen Black," which will extend to the 20-inch wheels fitted on the car. Other custom touches will include a blacked-out grille, with the Frozen black paint on a number of exterior details.