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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.

Ferrari auction raises funds for Japan relief

Car lovers came together for a good cause at the Italian Embassy in Tokyo on Monday. More than 200 people participated in a Ferrari charity auction, which raised more than 500,000 euros, or about $723,000 at current exchange rates. Proceeds will benefit the city of Ishinomaki, which was severely hit by the earthquake in Japan in March.

Infiniti planning to take on Porsche Panamera

Infiniti planning to make the Essence Concept (pictured) in to a Panamer-like Coupe Back in 2009 – ahead of Infiniti launching in Europe – the Infiniti Essence arrived at the Geneva Motor Show as an illustration of what we could expect to see from Infiniti in the future. That was four years ago, but now it looks like the Essence may be on its way to production – after a slight stretch and the acquisition of a couple of extra doors – after Andy Palmer, Nissan’s VP for Future Products, told Automotive News Infiniti is planning a range-topping flagship to take on the Porsche Panamera. The Essence seems a good starting point for that mission; it’s already a big (over 15′ long) swoopy-coupe with a hybrid powerplant consisting of a 3.7 litre turbo V6 and electric motor combination good for 590bhp.