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How well is Ferrari really doing? Results analysed

Ferrari seems to be holding up well in the global recession, according to figures announced this week. Its market share is up, consolidated revenues fell just 7% in 2009 and overall operating profit stood at a juicy €245m. Not a bad performance in the biggest economic downturn for generations.Ferrari operates in the upper echelons of the premium sports car market: serious stuff with at least 450bhp and a minimum €140,000 price tag.

Renault Megane Sport Tourer Extreme launched

Renault has introduced a new entry-level Megane Estate - the Renault Megane Sport Tourer Extreme It sounds as if a Renault Megane Sport Tourer Extreme should be a rival for a Renaultsport, but it’s not. It’s the new entry-level package on the Megane Sport Tourer. But there’s nothing wrong with that, even if the ‘Extreme’ designation is a bit of an oxymoron (unless you think of it in terms of at the bottom extreme of the range).

Design Contest: 2005 World Automotive Design Competition announced

The World Automotive Design Competition, sponsored by Alias and hosted by the Canadian International Auto Show, is back with more participating design schools and an impressive list of prizes. Design students from twenty-six schools around the world have been invited to design a World Car that visually identifies its cultural origins and, at the same time, has appeal, and can be sold throughout the world, in at least five countries on three continents. The vehicle should be easily recognized as coming from a particular culture.