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Seat Leon Cup Racer revealed

Volkswagen’s Spanish daughter company, Seat, has unveiled the new Leon Cup race car. Set to get a public airing at this week’s Woethersee fan meet in Austria, the new front-wheel drive hatchback runs a heavily tuned version of parent company Audi’s EA888 turbocharged 2.0-liter four-cylinder petrol engine developing about 325 hp and 184 lb-ft of torque. In standard guise, drive is channeled through a six-speed dual-clutch gearbox.

Ford posts $2.4 billion profit

Ford Motor Company reported a profit of $2.4 billion on revenues of $35.5 billion, excluding Volvo, during the second quarter, the automaker said Tuesday. A year ago, Ford posted net profits of $2.6 billion on revenue of $35.07 billion, including Volvo. Excluding Volvo, Ford's revenue in the second quarter of 2010 was $31.3 billion.

Fiat Abarth 500 lands in UK showrooms

Fiat's pocket-rocket - the Abarth 500 - now in UK showrooms The 500 has been a triumph for Fiat. A cracking recreation of the original 500, the new 500 conspires to be timeless, classless and affordable. No mean feat.