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Ferrari F70: First Photo

We have what appears to be the first photo of the Enzo replacement - the Ferrari F70 – taken at a private viewing for Ferrari clients in China. Despite expectations that the new Ferrari F70 would be revealed before the end of 2012 – which is what Ferrari boss Luca di Montezemolo told us – we still haven’t had the reveal of the F70 in any form, and certainly not at the Los Angeles Auto show, where we expected Ferrari to debut their new hypercar as it’s the last motor show of note for 2012. It now looks like – short of a non-motor show reveal – that the new F70 will bow in at Detroit in January, but ahead of that it seems Ferrari are already showing the F70 to select clients.

Jaguar SUV: The rendering begins

Jaguar SUV - two alternative views So we know that a Jaguar SUV is going to happen. We know because Adrian Hallmark – Jaguar’s vocal and opinionated Global Brand Director – said back in December that Jaguar “…need a crossover and we need to stop being a saloon-based company.” And although Adrian has sometimes managed to speak without engaging brain first, what he says should be taken seriously – even if there are perhaps those at JLR who would rather there was a 3 second live delay on Adrian’s musings at times. So the confirmation that an SUV or SAV or Crossover – or whatever you want to call a high-riding Jaguar – is going to happen means we can all speculate on what it will be and what it will look like.

GM posts $6 billion loss, burns $10.2 billion in cash as sales fall

General Motors, facing a June 1 U.S. restructuring deadline to avoid bankruptcy, posted a $6 billion net loss in the first quarter and burned through $10.2 billion in cash as global auto sales plunged. GM had $11.6 in cash reserves on March 31, down from $14.2 billion at the end of the fourth quarter.