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2014 Mitsubishi Lancer Evolution to sell for $34,995

Everyone’s favorite Mitsubishi is back for the 2014 model year. The Lancer Evolution GSR will cost $34,995 when it hits dealerships while the twin-clutch-equipped Evolution MR comes in at $38,195, not including destination. Both of those prices are $300 more than last year.

SoCal Speed shop wins AMBR award as hod-rodding returns to its roots

In a competition that "took hot-rodding back to its SoCal roots," the SoCal Speed Shop--the entity founded by original hot-rod hero Alex Xydias and now helmed by Pete Chapouris--finally won the AMBR. That's AMBR, as in, America's Most Beautiful Roadster, the most sought-after title in all of hot-rodding and the crowning glory of the Grand National Roadster Show. There is that competition at the Detroit Autorama that hands out the Ridler Award, but that is open to all manner of kustom kars.

Britain leads bumper year for Ferrari

FERRARI may be struggling on the Formula One track, but its bank accounts are in fine shape after profits reached new record highs. After delivering 3,631 cars in the first six months of the year – 3.6% fewer than the me period in 2013, in line with the company's plans to reduce deliveries – revenues were up 14.5% to almost £1.35 billion. Profits rose 5.2% to £185 million, which should pay for a good send-off for the outgoing Ferrari Chairman Luca di Montezemolo after his 23 years of service.