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Ferrari head Montezemolo pushed out after 23 years

Ferrari, a byword for flashy sports cars, hit rough ground Wednesday with the shock announcement that its president of 23 years, Luca Cordero di Montezemolo, has been pushed out after a boardroom split. Just days after saying he wanted to stay, Montezemolo — who has been dogged by six years of Formula One racing failure — announced he will be stepping down on October 13. The top job at the …

August Auto Sales Reach for Record – Wall Street Journal


Wall Street Journal
August Auto Sales Reach for Record
Wall Street Journal
Beau Boeckmann, vice president of Galpin Motors, which operates new-car dealerships in Southern California, said business is good for many of the brands he sells, but noted high incentives are needed to sell certain vehicles. "The small and midsize
Chrysler Luring Toyota Owners Helps Lift U.S. Share: CarsBloomberg
Blistering sales pace as Chrysler booms; GM, Ford easeUSA TODAY
Chrysler US auto sales jumped 20 percent in AugustNew York Post
News Radio Wood -Fox Business
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Flying cars We were promised jetpacks – The Economist (blog)


The Economist (blog)
Flying cars We were promised jetpacks
The Economist (blog)
Flying automobiles. For decades, science fiction has envisioned a future in which human beings zip through the air in individual (or at least family-sized) transportation devices. But except for a few thrill riders, the dream of the flying car has

With $38 Million Ferrari, Classic Car Market Revs Up – New York Times


New York Times
With $38 Million Ferrari, Classic Car Market Revs Up
New York Times
Last year, two Manhattan condominiums sold for over $90 million and a Francis Bacon painting went for $142.4 million. Now comes the $38.1 million car. That's the price of a 1962 Ferrari 250 GTO Berlinetta that sold this month at the Bonhams Quail Lodge …

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SVFD car show breaks record – Claiborne Progress

SVFD car show breaks record
Claiborne Progress
He added, “We had beautiful weather and beautiful cars and this show is our biggest fundraiser of the year. I'd like to thank the community for this great support I'd also like to take a moment to thank Bill and Pat Smith. Bill has been a supporter of

US Federal Prosecutors Questioning GM Lawyers On Vehicle Recalls: Reuters

(Reuters) – U.S. federal prosecutors have learned that lawyers for General Motors Co were present at key meetings during which information about problems with some of its vehicles were discussed, a source close to the investigation said. The prosecutors from the U.S. Department of Justice have asked how lawyers attending those meetings participated in them and what they did afterward with the …

100 Years of Automotive Innovation, in One Amazing Display

In an age where cars drive themselves, sip less fuel and go faster than ever, it can be hard to remember innovation isn’t a 21st century thing. For more than a century, brilliant minds have been working to make cars safer, more comfortable, and more powerful. The best part of the Pebble Beach Concours d’Elegance, […]

Here’s Why Stealing Cars Went Out of Fashion – New York Times

Here's Why Stealing Cars Went Out of Fashion
New York Times
That's a 96 percent drop in the rate of car theft. So, why did this happen? All crime has fallen, nationally and especially in New York. But there has also been a big shift in the economics of auto theft: Stealing cars is harder than it used to be