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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.

Ford Fiesta deliveries delayed, storm-damaged rail lines blamed

Ford Motor Co.'s shipments of the 2011 Ford Fiesta subcompact to U.S. dealerships will be delayed by 10 days to two weeks because of storm-damaged railroad lines. Key railroads in northern Mexico were severely damaged by Hurricane Alex on June 30 and later by Tropical Storm Bonnie, said Angie Kozleski, a Ford spokeswoman.

Maybach officially turns up its toes

After almost a decade of trying, Mercedes has finally officially thrown in the towel and announced the end of Maybach production. Maybach – a brand name almost unknown outside Germany when it was revived – was supposed to be Mercedes’ answer to Rolls Royce and Bentley. And perhaps it could have been.