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Britain leads bumper year for Ferrari

FERRARI may be struggling on the Formula One track, but its bank accounts are in fine shape after profits reached new record highs. After delivering 3,631 cars in the first six months of the year – 3.6% fewer than the me period in 2013, in line with the company's plans to reduce deliveries – revenues were up 14.5% to almost £1.35 billion. Profits rose 5.2% to £185 million, which should pay for a good send-off for the outgoing Ferrari Chairman Luca di Montezemolo after his 23 years of service.

Audi A1 by Damien Hirst (2010): first official picture

British artist Damien Hirst has helped Audi produce this art car: an Audi A1, which sold for €420,000 (£350,000) at a charity raffle. The Audi A1 Damien Hurst was shown at pop star Elton John’s White Tie and Tiara Ball and the money raised goes to his AIDS foundation. ‘That’s the most exciting object we’ve ever had on auction at the White Tie,’ said Sir Elton.

The BMW M5 is back!

BMW's M division has gone back to the drawing board with the M5, giving the fifth generation of the iconic four-door a twin-turbocharged 4.4-liter V8 engine—the first time Munich's class-defining performance sedan has gone without a naturally aspirated powerplant since its introduction in 1984. Further changes see it adopt a dual-clutch gearbox as part of a complete driveline rethink that resigns the old model's sequential manual transmission to the history books. Revealed here officially for the first time, the new M5 is planned to make its world debut in concept-car guise at the Shanghai motor show later this month.