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Ferrari Scuderia Spider 16M (2008) first official photos

By Ben Pulman First Official Pictures 09 November 2008 12:36 These are the first pictures of the new Ferrari Scuderia Spider 16M, essentially a drop-top version of the sublime 430 Scuderia. Unveiled this past weekend at Ferrari’s World Finals end-of-season gig at Mugello, just 499 Scuderia Spider 16Ms will be built, each costing over £180,000. Ferrari says its latest model has been built to celebrate the Prancing Horse’s 16th F1 Constructor’s title, hence the ‘16M’.

Bugatti loses top speed record, teases new garage doors

Bugatti placed this teaser shot on its Facebook page Monday with a cryptic quote. “The stage is set. It's almost time for us to share the latest example of exceptional Bugatti performance, simply keep a close eye on Facebook over the next few days.” Rumors floating around say this could be the Super Veyron we've heard whispers of.

GM to pull Cadillac from some European markets

General Motors will halt Cadillac sales in more than half of the brand's European markets following the collapse of its regional distributor. The U.S. carmaker will focus on markets such as Russia, the United Kingdom and Switzerland where the luxury brand has been able to compete against Germany's BMW, Mercedes-Benz and Audi premium brands.