Cessna Clock (12v) on 2040-parts.com

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.

Exhibition: Taxis of the World

The 'Taxis du Monde' exhibit recently held at the Paris Motor Show displayed a total of 40 taxis from 20 cities around the world, illustrating the evolution and diverse needs of the past, the present and even the future. Renault’s Type AG from 1913 is one historical example. One of the first Parisian taxis, it became known as the “Taxi of the Marne” after 1300 examples transported 6000 men to head off the German army in the first world war.

Hyundai Motorsport Facility opens in Germany

Hyundai’s new Motorsport facility in Germany No one can accuse Hyundai of not taking their return to the FIA World Rally Championship in 2014 seriously. They’re busy preparing an i20 to take on the WRC, starting in Monte Carlo in January 2014, and have now started testing their swift WRC i20 in preparation. They’ve already recruited some impressive names to join their new Hyundai Motorsport GmbH team including Michel Nandan to head up their WRC efforts who has been joined by Frenchmen Bertrand Vallat and Stephane Girad, Alain Penasse, Ernst Kopp and Stefan Henrich.