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Video: Ferrari F70 caught drifting at Fiorano

0-60 tipped us off to this short video of Ferrari's forthcoming Enzo successor drifting its way around Ferrari's Fiorano test track. The F70's V12 can be heard, though there's no evidence of the rumored KERS-like hybrid system. Ferrari tells us to expect a sub-2,500-pound curb weight, and we're also hearing the 920-hp figure bandied about.

Vauxhall's new badge

By Tim Pollard First Official Pictures 09 April 2008 00:00 Vauxhall has redesigned its griffin badge - and the new Insignia is the first car that will bear the new mascot. It's a typically modern rebranding: the graphic designers have zoomed in on the upper torso of the griffin, giving it a sharper, modern look and the word Vauxhall is now incorporated in the badge.The company's grille-wide V front end will be abandoned, the new grille preferring an Opel-style roundel, enlarged and sitting slap bang in the middle of the grille. It's not all change, however.

Chrysler sold in £3.76 billion deal

By Ben Whitworth Motor Industry 17 May 2007 09:38 Chrysler has been sold. In one of the biggest private equity deals seen in the automotive industry, Cerberus Capital Management has purchased 80.1% of Chrysler in a £3.76billion deal, leaving DaimlerChrysler with the remaining 19.9% stake in the loss-making company. The move marks the close of arguably the most high-profile transatlantic merger and shuts the door on Canadian car assembly giant Magna and billionaire Kirk Kerkorian, who last month offered £2.27billion for Chrysler.