M&ms Kart Racing on 2040-parts.com

GM repays Government loans – sort of

GM Loans repaid early - or are they? We can’t deny that GM are making a pretty good job of rising Phoenix-like from the ashes of their effective bankruptcy. A new focus on cars that are relevant for our times instead of a fixation with dated products and dated management has certainly helped.

New Ford Mondeo: Estate, Hybrid and 4WD

The 2013 Ford Mondeo will come as a regular five door and estate but there will also be a four wheel diesel and a hybrid option. We’ve already reported that the new Mondeo will get the 1.0 litre EcoBoost engine as an option – the first time any car in the D Segment has had such a small engine – but there’s more to the new Mondeo than just a headline little engine and an Aston Martin grill. As well as the frugal EcoBoost engine, Ford will also be launching their first hybrid in Europe with a Mondeo Hybrid boasting a 2.0-litre petrol engine with a 35kW lithium-ion battery to trim official emissions and consumption as much as possible.

New Ferrari California T gets new twin turbo V8 with 49% more torque (+video)

The new California T (pictured) revealed ahead of a Geneva debut It’s been a long time since Ferrari gave one of its cars a turbo charged engine, not since the late ’80s and the Ferrari F40, but that all changes – and no doubt points the way to the future – as the Ferrari California T gets revealed ahead of a debut next month at the Geneva Motor Show. Based on the V8 Ferrari build for the Maserati Ghibli, the California T’s new engine is a 3.8 litre twin turbo with 552bhp and a mountain of torque, 557lb/ft, a massive 49 per cent more than the current California produces. That improves performance marginally – 0-62mph in 3.6 seconds and a top speed of 196mph – but has a big impact on economy; the new California T improves on the current California by 15 per cent, recording official figures of 27mpg and 250g/km.