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Pagani, Mercedes-AMG say V12s are separate

Italian sports-car maker Pagani and Mercedes-AMG, the high-performance division of Mercedes-Benz, on Thursday said that the engine for the future Pagani C9 supercar is not the same engine used in the Mercedes-Benz SL65 AMG Black Series roadster. The unusual announcement--automakers typically don't comment on future-product programs--refutes reports about the Pagani C9's engine. In January, Road and Track magazine reported that the V12 for the C9 was derived from the V12 in the SL65 Black Series.

Porsche – the boss goes

Porsche boss Wendelin Wiedeking quits Well, Wendelin Wiedeking is not just any old suit, but the man credited with taking Porsche from an ailing, one-model car maker to the cash-cow it became. But Wendelin has become a victim of his own success – and the current economic woes. At any other time in the last decade, Wendelin’s plans to swallow VW would have worked.

20 special-edition copies of the Ferrari 458 Italia sent to China

The first factory car from Maranello to hit the shores of China was a 1992 Ferrari 348 TS. Twenty years later, Ferrari is celebrating its anniversary in the country by producing 20 special-edition copies of the 458 Italia inspired by the market. In addition to the car, Ferrari will open its first permanent brand exhibition outside of Maranello at the Italian Center of Shanghai's World Expo Park.