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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.

Volkswagen to take full control of Porsche

Volkswagen Group's decision to take full control of Porsche Automobil Holding SE's carmaking business is seen as positive by analysts. VW said it has agreed to buy the remaining 50.1 percent of Porsche SE's automotive business that it doesn't already own for 4.46 billion euros ($5.54 billion), ending a seven-year takeover saga that divided two of Germany's most powerful families. The agreement means Volkswagen can now fully fold the Porsche automaking business into its stable of brands, which range from Audi and Bentley sedans to Skoda and Seat volume models and Ducati motorbikes.

Jay Leno tests the Venom GT

Five years ago, Hennessey Performance was locked in a high-horsepower battle with supercars from Germany, Italy and the United States. The car Hennessey brought was the Venom 1000 Twin Turbo Viper. After decimating the competition in 0-to-200-mph runs, John Hennessey thought if his company could just stuff the engine into a smaller car, it could go even faster.