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2013 Hyundai i30 3-door arrives on video

The next variant on the Hyundai i30 – the 3-door i30 – has arrived on video ahead of arriving in Hyundai’s Uk showrooms. Not only are there endless press releases for the news the car makers want you to know about, but there’s an even more endless stream of feeds coming in to make sure we miss nothing. Throw in all the car makers’ web sites, their press sites, their Facebook pages, their Twitter feeds and their YouTube channels – never mind keeping up with those who might just know something the rest of the world doesn’t yet know – and it’s a full-time job for a team of people before a story even gets written.

Ferrari plans to sell fewer cars in 2013

Ferrari boss Luca di Montezemolo has announced an unusual plan for the Prancing Horse: to sell fewer cars in 2013 than the 7000 it delivered in 2012. Speaking in Maranello, di Montezemolo stated that 'this is a far-sighted decision to strengthen our brand equity, from what I learned from Enzo Ferrari… We must resist people who say the competition will benefit from us making fewer cars… When others penetrate our markets, we are happy to meet this challenge.' Is Ferrari mad to chase fewer sales? It is not the first time that Ferrari has decided to limit supply: 'In 2003 we did the same,' explains Montezemolo.

Chrysler posts $370 million net loss on costs tied to repaid loans

Chrysler Group LLC, after recording its first post-bankruptcy profit three months ago, posted a net loss of $370 million in the second quarter due to costs tied to the repayment of government bailout loans. Chrysler incurred a charge of $551 million in paying back the U.S. Department of Treasury and the Canadian loans that kept the automaker afloat in 2009.