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Porsche 918 Spyder hits the Nurburgring (video)

The Porsche 918 Spyder – Porsche’s hybrid replacement for the Carrera GT – has been caught on video at the Nurburgring. Incredibly, it’s more that two years since Porsche took the wraps of the 918 Spyder at the 2010 Geneva Motor Show, yet we’re still more than a year away from actually seeing production cars. But Porsche are putting their time to good use. Porsche has made a few cosmetic tweaks already from the original 918 Concept, but they’ve also let it be known that the 918 Spyder will get a 550bhp 4.6 litre V8 to go with its electric motors on the front wheels  (one less motor than originally envisaged – there was going to be one one the back axle too), which will make the 918 Spyder a FWD Porsche when in EV mode.

Ferrari black: Prancing Horse turns a profit in first quarter

Ferrari racers have always worn red. But black has been the standard-bearer for the company so far this year, as the Prancing Horse turned a $72 million trading profit in the first quarter. Making money amid the global economic crisis is no small feat--and Ferrari posted the gain despite a slip in sales and revenue.

Mercedes S-Class Plug-in Hybrid revealed for Frankfurt 2013

We’ve driven the new 2013 Mercedes-Benz S-Class already this year (and loved it), but now the ‘best car in the world’ has added another feather to its cap. The German firm has released details of a super-high efficiency version of its S-Class saloon called the S500 Plug-in Hybrid, ahead of the car’s debut at the 2013 Frankfurt Motor Show next month. It goes on sale in the UK in 2014, and its vital statistics are absolutely astonishing.