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Ferrari 458 Speciale with active aero debuts at Frankfurt

The only thing better than a 458 is, of course, a lighter, stronger and more aerodynamically efficient 458. Toward that end, Ferrari unveiled the 458 Speciale at Frankfurt, a successor of sorts to the Challenge Stradale and 430 Scuderia, previous specials that, as good as they were, wouldn't last a race on the same lap as this one. “This is the most powerful V8 Ferrari, never made before,” said Ferrari chairman Luca di Montezemolo, who still speaks much better English than we could ever hope to speak Italian.

News watch June 2010: today's auto industry news

Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hour Wednesday 30 June 2010• Tesla shares have rocketed 40% on their first day of trading; the company went public this week with the first IPO of an American car company since Ford in the 1950s (BBC News)• GM may sell off its interests in finance arm GMAC and parts supplier Delphi as it seeks to write down its debts (Financial Times)• A Federal judge has approved the $20m sale of a former GM plant in Wilmington to Fisker Automotive; Fisker hopes to build 100,000 cars a year once production hits a peak after launch in 2012. It is using a $529m government loan to fund its launch (Detroit News)Tuesday 29 June 2010• UK business secretary Vince Cable has warned that the car industry is no longer in an emergency – and cannot expect direct government support.

Lincoln MKT concept

By Liz Turner First Official Pictures 14 January 2008 17:27 Ford’s Geordie design boss, Peter Horbury is working hard to return long-neglected Lincoln from a brand driven by old ladies with poodles to the kind of luxury car presidents might ride (or get assassinated) in. The T in MKT stands for Touring, and he says: ‘When I think of touring, I imagine long journeys in extreme comfort.’ So passengers sit in seats inspired by the first-class cabin of an aircraft, surrounded by fine wood, leather and silk. It’s guilt-free luxury, though.