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Smart car inventor Nicolas Hayek dies

Nicolas Hayek, the engineer and industrialist who founded the Swiss watch company Swatch and brought the world the Smart car, died on June 28 of heart failure at his office in Switzerland. He was 82. Hayek saved the Swiss watch industry from lower-priced Asian competition in the early 1980s by offering colorful, inexpensive Swatch timepieces that he backed with equally colorful marketing.

Audi announces 2015 A3 pricing

The last A3 we drove, an Irish-spec model with cloth seats and a 1.4 TSI engine paired with Audi's S-tronic twin-clutch gearbox, retailed for $54,495. Thankfully, American buyers won't face that sort of out-the-wazoo payment when the new sedan arrives early next year. Audi's announced a price that takes a direct shot across the bow of rival Mercedes-Benz' CLA: $29,900.

Ferrari F12 Berlinetta (2012): new video released

Fresh from its world debut at the 2012 Geneva motor show, Ferrari has issued this video of the new F12 Berlinetta supercar to whet our appetite for what the 599 successor sounds like. The new F12 Berlinetta is an extraordinary car on paper: its 6.2-litre V12 packs 730bhp and 509lb ft – all of which you'll hear deployed in this official Ferrari video. CAR will get to drive the car over the coming months, but for now you'll have to watch this video of the car demonstrating its 3.1 second 0-62mph capability.