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New Ferrari Enzo – F70 / FX70 – on track

The next generation Enzo (current Enzo pictured) is on track for release in 2012. With news the other day that the Lamborghini Urus is being lined up to take on the next generation Ferrari Enzo – the F70/FX70 – we’re now hearing that Ferrari’s plans to replace the Enzo are very much on track. It’s been a long time since the limited production Enzo – just 400 were produced – came to an end, and seven years since it was first announced.

Ford burns through $5.5 billion in 4th quarter as losses mount

Ford Motor Co., the only U.S. automaker operating without federal loans, burned through $5.5 billion in cash during the final three months of 2008 as losses mounted. Ford finished the year with cash reserves of $13.4 billion.

AA warns of automated penalties

DRIVERS are still suffering a year on from the time most wheelclampers were banned from operating in private car parks, according to the AA. Twelve months on, parking enforcement firms are reaping large sums from issuing automated "penalty" tickets. The AA said that while Communities Minister Eric Pickles is reining in local authorities who over-zealously use CCTV, private parking operators now rely heavily on this technology and automatic number plate recognition (ANPR) to watch drivers and issue tickets through the post when they put a foot wrong in parking areas.