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Video: First glimpse of Porsche's new 911

These are the first images of the new 2012 Porsche 911, set to make its official debut at the forthcoming Frankfurt motor show. The evolutionary design, built atop a chassis that rides on a longer wheelbase, will feature a steeper rake on the windshield and stand shorter than the outgoing 997, while retaining similar overall dimensions. According to an insider, the new 2012 911 will also feature a heavily revised interior, similar to that of the recent Cayenne and Panamera models.

Irwindale, Kern County tracks coming back

Two paved circle tracks in Southern California should be up and racing by spring, good lord willing and the creek don't rise. The two facilities plan to cooperate in order to maximize the chances of success. Irwindale Speedway, now officially to be referred to as The Irwindale Event Center, had no races on its oval tracks in 2012 after the former track operators filed for Chapter 7 bankruptcy in February.

Ferrari 250 GTO hitting Bonhams in August – but how much will it sell for?

Will the Violati Ferrari 250 GTO (pictured) break the $60 million barrier? The last Ferrari 250 GTO Series 1 to hit auction rooms in 2012, fetched a remarkable $35 million, and last year another 250 GTO – chassis #5111 – was sold in a private deal thought to be worth $52 million. And now another Series 1 250 GTO is about to hit the sale room.