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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.

Mercedes-Benz Concept S-Class Coupe stars at the 2013 Frankfurt Motor Show

Mercedes is on a luxury drive here at Frankfurt 2013, displaying many different versions of its ‘best car in the world’ S-Class saloon, as well as this: the Concept S-Class Coupe. It’s a massive two-door, four-seat coupe based on the S-Class that combines luxury and style. Over at the Bentley stand, the Continental GT is quaking in its boots…

Laurenz Schaffer Appointed President of BMW Group’s DesignworksUSA

There's a game of musical chairs being played at DesignworksUSA, the BMW Group's design consultancy subsidiary. Starting December 1 this year, two key executives will be taking on new roles within the design consultancy, while the company's current President will be moving on to a new position within BMW Group Design. The first appointment is that of Laurenz Schaffer, currently Director of the Munich studio of BMW Group DesignworksUSA.