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Ferrari 458 Spider (2012) first official pictures

Click here to read the Ferrari 458 Spider CAR review The new Ferrari 458 Spider is an obvious, and inevitable, extension of the 458 Italia sports car range. Ferrari has always offered a fresh-air alternative to the junior V8 and we all knew it was coming. But the lack of surprise didn't stop the tongues drooling and eyes goggling when we clapped eyes on the new 458 Spider ahead of its debut at the 2011 Frankfurt motor show.

Williams F1 sells Williams Hybrid Power to GKN for £8 million

GKN have bought williams Hybrid Power in an £8 deal Back in 2010 we reported on a flywheel developed by Williams F1 that recoups energy from braking, and was fitted to a Porsche 911 GT3 to give an extra boost of power. Williams F1 developed the Flywheel technology with a start-up company, which it bought out for £1.5 million in 2010, and now that company – which became Williams Hybrid Power – has been sold to GKN in a deal worth £8 million – and a share of sales revenue going forward – and is being renamed GKN Hybrid Power. The plan is to use the flywheel technology to reduce fuel consumption of transport that is constantly stopping and starting – it’s currently being used on a bus operating in London – and  Williams expect it could cut fuel use by up to 30 per cent.

Mitsubishi Lancer Evolution not dead, yet

Perhaps as a reward to the public for buying its Mirage,* Mitsubishi has disclosed that it will not, in fact, kill off the gravel road-loving Lancer Evolution as soon as we thought. According to Mitsubishi, the Lancer Evolution will -- at the very least -- live out the 2015 model year, with North American-spec cars going into production this July. We're fairly sure it's not going to be a hybrid, either.