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Europe’s economic problems sees UK become biggest Ferrari market in Europe

The Ferrari F12 (pictured) helped Ferrari to strong profits in the first half of 2013 The economic crisis in the Eurozone has seen Ferrari’s sales in countries like Italy and Spain plummet, and Greece managed just one sale in 2012 (and even that came to the UK). But Ferrari have a plan to keep profitability by limiting supply and achieving stronger revenues for the sale they do make – with stuff like Ferrari’s bespoke Atelier and Tailor Made services and Classiche work adding more revenue – to keep them powering forward, and it seems to be working despite poor sales in many European countries. In fact, despite an increase of just 2.8 per cent in volume, Ferrari has managed to increase their profits in the first six months of 2013 by an impressive 20 per cent, with total sales of 3,767 and net profits of €1.22 million.

Refreshed Fiat 500 Hits The Streets

FIAT has released the refreshed version of its popular 500 supermini. The car boasts style, comfort and technological enhancements for 2014 A key new feature is the market-first seven-inch digital instrument display, which is said to combine cutting-edge technology without disrupting the trademark aesthetics of the cabin. Standard on 500S and Cult models, the layout of the speedometer, rev counter and trip computer will be familiar to existing 500 fans, but the centre of the display - which contains a digital image of the car - can be configured to show various trip computer readouts, such as distance travelled, instant fuel consumption and range.

Government To Call Time On Tax Disc

THE HUMBLE tax disc is set to become a thing of the past, with Chancellor George Osborne planning to shake up the way we tax our vehicles as part of his Autumn Statement announcement. After more than 90 years affixed to British motorists' cars, the tax disc is to be scrapped and replaced with a modern electronic system. For the first time motorists will also be able to pay for their vehicle excise duty (VED) by monthly direct debit, although this will cost an extra 5%.