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Ferrari Approved

By Stephen Dobie Motoring Issues 16 January 2008 18:45 Buying a Ferrari – if you have the money not exactly a method of torture in the first place – has just improved. Second-hand models sold through Ferrari UK’s 15-strong dealer network are set to be backed up by Ferrari Approved, a scheme adding some piece of mind to anyone buying a car up to nine years old. Aiming to sidestep the stereotype of unreliable Italian cars, it means the average 900 pre-owned supercars Ferrari UK dealers sells each year are intended to be as good as new.

Henrik Fisker resigns from Fisker Automotive

Henrik Fisker, founder and executive chairman of struggling plug-in hybrid vehicle maker Fisker Automotive, has resigned. In an email today to Automotive News, Henrik Fisker, referring to himself in the third person, said: "The main reasons for his resignation are several major disagreements that Henrik Fisker has with the Fisker Automotive executive management on the business strategy." Fisker confirmed his resignation in a phone interview and declined to comment further. Tony Posawatz, who became president and CEO of the company in August, said this morning that he had just been made aware of the resignation.

GM to auction 'Cooksey' Corvette Z06 to benefit Haiti relief efforts

General Motors will donate the proceeds from the sale of a limited-edition Chevrolet Corvette 427 Z06 that is crossing the auction block this weekend to help fund relief efforts in Haiti. GM design boss Ed Welburn will introduce the car at the Barrett-Jackson auction on Saturday in Scottsdale, Ariz. The automaker will donate the money from the sale to the American Red Cross to fund its work in earthquake-devastated Haiti.