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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.

Chrysler 300 gets luxury upgrades

The Chrysler Group rolled out its latest entry for the lucrative "black car" market on Tuesday, revealing new "Luxury Series" editions of its flagship Chrysler 300 sedan that add new interiors to recent powertrain additions. The new versions feature leather-wrapped interior components. The vehicles also have heated steering wheels with special die-cast paddle shifters and wood trim, according to a Chrysler statement.

BYD aims to bring electric vehicle to North America by 2011 or 2012

Chinese firm BYD Auto is aiming to bring at least one electric vehicle to North America by 2011 or 2012, and is considering building an assembly plant in the United States, it said Monday at the Detroit Auto Show. The automaker showed the e6, an electric vehicle, and two other hybrid cars at the show. The e6 has room for five and has a range of 250 miles, BYD says.