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Ferrari posts huge profits - by building fewer cars

AP Ferrari today announced an 8% jump in trading profits to €363.5 million in 2013 - despite selling 5% fewer cars. It's all part of the supercar maker's planned reduction in supply to keep values and demand for Ferraris rock-solid, Maranello reported. Turnover and profit all surpassed previous records, despite the reduction in the number of cars built.

NASCAR: Rule changes to be clarified

The 29th annual NASCAR Sprint Cup Series Media Tour opens on Monday in the Charlotte, N.C., area. It's a four-day smorgasbord of announcements, team-shop tours, optimistic predictions and the unveiling of new race-car paint schemes, team members and sponsorships. More than 150 writers, broadcasters and photographers will get a steady diet of claims such as “we're excited,” “we've been working harder than ever,” “we feel we've got everything in place” and “we can't wait to get started.” The tour will visit almost every team that plans to run the full series schedule in 2011, teams such as Earnhardt-Ganassi, Stewart-Haas, Penske, Michael Waltrip, Richard Childress, Kevin Buckler's TRG, Team Red Bull, Furniture Row, Richard Petty, Hendrick, Roush-Fenway and Joe Gibbs.

Former Chevrolet Volt chief takes helm at Fisker

One of the key architects of the Chevrolet Volt is taking the helm of Fisker Automotive. Tony Posawatz, a veteran General Motors executive, has replaced former Chrysler CEO Tom LaSorda as chief executive of Fisker. LaSorda had just taken over as CEO in February, after joining the company in late 2011.