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Carbon-fiber parts and a software fix help create a lighter, faster Fiat

Chrysler Group's Mopar parts brand and Italian supplier Magneti Marelli have teamed up on a design exercise based on the 2012 Fiat 500 Abarth that shaved weight and added horsepower. The vehicle, called the Venom, has a number of carbon fiber components -- hood and side mirrors, for example -- that makes it about 200 pounds lighter than the 2,512-pound Abarth. The Venom uses software updates and additional exhaust components to boost the Abarth's standard 160-hp 1.4-liter turbocharged engine's output by as much as 25 percent.

Nissan goes bespoke with Project 370Z

Nissan is flexing its social-media muscles for the new 370Z. It will offer fans a chance to submit and then vote on customization options for the new coupe. “Car companies build project vehicles all the time, but we thought it'd be interesting to harness the power of social media to reach out to Z enthusiasts,” said Jon Brancheau, vice president of Nissan North America marketing.

Saab 'to enter the WRC in 2012' with new 9-1

Saab is rumoured to be returning to rallying after a long hiatus. The new owners of Saab have reportedly been in negotiations with the organising body behind the World Rally Championship and hope to sign a deal to compete with their upcoming 9-1 small car.After the mass departure of many of the main players a few years ago, the WRC looked down and out. However, the 2012 season is shaping up to be a return to form.