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Ferrari black: Prancing Horse turns a profit in first quarter

Ferrari racers have always worn red. But black has been the standard-bearer for the company so far this year, as the Prancing Horse turned a $72 million trading profit in the first quarter. Making money amid the global economic crisis is no small feat--and Ferrari posted the gain despite a slip in sales and revenue.

Toyota Prius G Sports Concept at Tokyo Auto Salon

Toyota has revealed the Prius G Sports at the Tokyo Auto Salon Yesterday we reported on the Toyota FT-86 G Sport Concept which offered tweaks to both bodywork and performance and is a sneak preview of a G Sports range of cars Toyota are planning on launching in Japan. The FT-86 we get. It looks quick and with a turbo added to its 2.0 litre 4 pot Boxer engine it should provide some fun.

Drop in diesel fuel prices brings sharp rise in U.S. sales

The dramatic decline in diesel fuel prices is driving up U.S. sales of diesel-powered vehicles from European carmakers. Volkswagen dealers across the country say they can't get enough of the Jetta TDI sedan or station wagon.