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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.

2010 Jaguar XJ Neiman Marcus special edition sells out all 50 copies

It took all of four hours and four minutes for a special Neiman Marcus edition of the redesigned 2010 Jaguar XJ to sell out through the retail giant's Christmas book on Friday. Just 50 copies of the big cat, called the XJL Supercharged Neiman Marcus edition, will be produced. And they're all spoken for after brisk sales reservations last week.

Petersen Museum gets new chair

Peter Mullin, a car guy with excellent taste and the means to do something about it, has become chairman of the board of the Petersen Automotive Museum in Los Angeles. Lucky place, the Petersen. Mullin's vice-chairs, who will help lead the museum into the 21st century, are uber car guys Bruce Meyer and David Sydorick, both longtime supporters of the institution.