Ferrari looks to Apple executive for guidance - Autoweek TV with Greg Migliore





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Published on Nov 8, 2012

Also in this episode: Fisker gives all the details of its losses resulting from Hurricane Sandy, and bad fuel economy claims may cost Hyundai Motors millions of dollars.

-- Ferrari is turning to Apple for advice.

-- Fisker lost millions of dollars as a result of Hurricane Sandy.

-- And Hyundai and Kia might have to cough up millions for overestimating fuel economy.

I'm Greg. Here comes Autoweek TV for Thursday.

Ferrari has a new board member. His name is Eddy Cue. Big deal, right? Except his day job is senior vice president of Internet software and services for Apple. His boss is Tim Cook, the CEO.

Is Cue a household name in the car world? Not exactly. But he's responsible for iTunes and the App store, which are staples of many households.

More on Ferrari and Apple:

Fisker lost 330 cars as a result of the Super Storm Sandy that blasted the East Coast last week, the company told Autoweek. That's about $33 million in damages, since the Karmas cost around $100,000. A spokesman said the cars were insured and claims are being filed now.

The Fiskers are just part of the fallout from Sandy, and the NADA estimates about 15,000 vehicles were damaged.

For more on the damaged Fiskers:

Speaking of damages, Hyundai Motors might have to pay out more than $100 million as compensation for overstating fuel economy, according to Moody's Investor Service. Hyundai Motors overstated mileage for a number of 2011 to 2013 Hyundai and Kia models.

More on Hyundai and their claims:

That's it for today. This is Autoweek TV. Check out all of our related videos on autoweek.com. Enjoy the Drive.


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