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Hennessey Venom GT2 to bring 1,500 hp

Hennessey The Hennessey Venom GT2 will debut in late 2013 from Texas tuner Hennessey Performance Engineering. The already-bonkers Corvette-powered Lotus will now house a twin-turbocharged 7.0-liter V8 making an unthinkable 1,500 hp. Hennessey didn't reveal the weight but says that the Venom GT2 has more than one horse per 2.2 pounds (1 hp/kg).

Lego movie needs vehicle designers

Lego is giving its fans the chance to win $1,000 and see their own custom Lego vehicle designs on the big screen in ‘Lego: The Motion Picture'. There are no limitations on what kind of vehicles you can design, but the trick is that the vehicle you design must look like it was built from something else - a castle that was made into a racecar, a hot dog stand that was made into an airplane, for example. The Warner Brothers 3D CGI film will be directed by Phil Lord and Christopher Miller – director of '21 Jump Street' and ‘Cloudy With a Chance of Meatballs' – and produced by Dan Lin (‘Sherlock Holmes') and ‘How to Train Your Dragon' producer Roy Lee.

Europe’s economic problems sees UK become biggest Ferrari market in Europe

The Ferrari F12 (pictured) helped Ferrari to strong profits in the first half of 2013 The economic crisis in the Eurozone has seen Ferrari’s sales in countries like Italy and Spain plummet, and Greece managed just one sale in 2012 (and even that came to the UK). But Ferrari have a plan to keep profitability by limiting supply and achieving stronger revenues for the sale they do make – with stuff like Ferrari’s bespoke Atelier and Tailor Made services and Classiche work adding more revenue – to keep them powering forward, and it seems to be working despite poor sales in many European countries. In fact, despite an increase of just 2.8 per cent in volume, Ferrari has managed to increase their profits in the first six months of 2013 by an impressive 20 per cent, with total sales of 3,767 and net profits of €1.22 million.