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Panoz launches newest sports car, the Abruzzi

The spirit of Le Mans--along with the spirit of the out-of-production Panoz Esperante--lives on in Panoz Auto Development's latest creation, the Abruzzi. Named for the people from the south-central Abruzzo region of Italy, the Abruzzi draws its inspiration from the 24 Hours of Le Mans, where the car is making its world debut on Tuesday, and its styling from the 1935 Delahaye Type 135 tear-drop coupe. "It is about the true spirit of Le Mans, a car you can drive from home to the racetrack, race it, and then drive home again," Panoz chairman and American Le Mans Series owner Don Panoz said.

Volkswagen creates R division for sporty cars

Volkswagen is officially creating a company to develop sporty cars; it will be called Volkswagen R GmbH. This may sound familiar--VW already calls some of its specialty cars Rs--and now it's bundling sales and development all into one unit. VW has the Scirocco R and the Golf R for cars, as well as the dynamic R Line of design trims.

Ford sales show move away from diesel

NEW CAR buyers are moving back towards petrol engines after years of diesel domination, if Ford’s latest sales figures are any guide. The company has revealed that its multi-award-winning 1.0-litre Ecoboost turbocharged petrol engine now powers one in every five cars sold in Europe, totalling 120,000 vehicles from January to the end of June. That figure is an increase from 104,000 1.0-litre Ecoboost-powered cars sold in the same period in 2013.