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Britain leads bumper year for Ferrari
Fri, 12 Sep 2014FERRARI may be struggling on the Formula One track, but its bank accounts are in fine shape after profits reached new record highs. After delivering 3,631 cars in the first six months of the year – 3.6% fewer than the me period in 2013, in line with the company's plans to reduce deliveries – revenues were up 14.5% to almost £1.35 billion. Profits rose 5.2% to £185 million, which should pay for a good send-off for the outgoing Ferrari Chairman Luca di Montezemolo after his 23 years of service.
Chevy, Michigan Tech unveil a different kind of racer
Mon, 10 Dec 2012At the 113th Army-Navy Game on Dec. 8, Chevrolet and students from Michigan Technological University unveiled a new hand cycle designed to make it easier for wounded vets to compete in racing events, including marathons. General Motors CEO Dan Akerson said GM will build 10 prototypes for use by the Achilles Freedom Team of Wounded Veterans in marathons across the country.
Alfa Romeo 4C spied in Michigan
Fri, 08 Feb 2013During the Detroit auto show in January, Fiat and Chrysler CEO Sergio Marchionne told us -- in his own irreverent way -- that arrival of the long-promised Alfa Romeo 4C would be delayed once again. But as these spy photos show, testing on the sporty coupe continues even as a debut date remains elusive. This isn't the first time we've caught the 4C testing in the States.