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Ferrari ups profits while cutting production (2013) CAR report

Eyebrows were raised in May 2013 when Ferrari chairman Luca di Montezemolo confirmed to a group of journalists, including CAR’s own Ben Barry, that the illustrious supercar maker wanted to slow its production rate and sell fewer cars in 2013. The strange-sounding order was decreed to help the brand retain its exclusivity, yet despite the gastric band on output, the Ferrari boss insisted profits could be upped. Impossible?

Audi reveals 2014 TT interior at CES

To reveal a new car’s interior before we’ve even seen a concept sketch of the whole vehicle sketch seems odd. But nevertheless, that’s exactly what Audi has done with its 2014 TT, unveiling the car’s cabin at the Consumer Electronics Show (CES) in Las Vegas. The German firm’s choice of venue is significant, too, underlining how the new TT will “come with a new generation of electronics and connectivity features.” On Bing: see pictures of the 2014 Audi TT Find out how much a used Audi TT costs on Auto Trader The new TT will feature the same “Audi virtual cockpit” as the Audi Sport Quattro laserlight concept – also unveiled at CES 2014 – representing the first appearance of the new tech  a production Audi.

Ford reportedly to shut down Mercury

The Mercury brand, rumored to be on the verge of death several times over the past decade, would be shut down under a plan being prepared for Ford Motor Co.'s board of directors, Bloomberg News reported on Thursday. Citing two executives who have knowledge of the plan but asked not to be identified, the news service said the plan would be submitted to Ford's board in July. How quickly Mercury would be shut down depends how quickly the automaker can convince Lincoln Mercury dealers to close or merge with a Ford-brand dealership, the report said.