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Mitsubishi to kill current U.S.-made lineup, bring in new platform

Mitsubishi Motors Corp. plans to kill its current lineup of U.S.-made vehicles, including the Eclipse sporty car and Endeavor crossover, over the next three years and switch to producing global vehicles at its Illinois plant, partly to target export markets. The current nameplates will be phased out by 2014 as part of the carmaker's “Jump 2013” mid-term business plan unveiled Thursday by president Osamu Masuko.

Autoweek in review: coupes, trailers and rarities

We rang in the week with good news as we found out that the Cadillac ATS will bring a coupe version when the new model arrives next year. We also saw the final trailer for the Oscar-worthy “Fast and Furious 6.” On Tuesday, we checked out the McLaren P1 testing in the Arctic and saw the cars of the upcoming “Grand Theft Auto V” video game, which included pickup trucks, supercar clones and motorcycles. Midweek, we reviewed the 2013 Ford C-Max Hybrid and found that the 2014 Lexus IS will only cost $885 more than this year’s.

Classic Ferrari becomes most expensive car ever sold in UK

This 1957 Ferrari 250 TR – or Testarossa – has just become the most expensive car ever sold in the UK outside of an auction. The exact figure paid is undisclosed, but is said to be in excess of the previous record-holder, a Ferrari 250 GTO that sold for £22.5 million in 2012. Yes folks, if you’ve got the cash, classic Ferraris are where it’s at in the investment world right now.