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Ferrari looks at layoffs, cuts back production

We guess it's not all GTOs and 458 Italias. The word out of Italy is that Ferrari is looking at cutting production and eliminating 9 percent of its workers after sister company Maserati cut engine orders. Ferrari made only about 4,500 engines for Maserati last year, compared with nearly 9,000 in 2008.

Concept Car of the Week: Mercedes T80 (1939)

In the decade before World War II, no other carmaker even came close to matching the combined dominance of Mercedes-Benz and recently founded Auto Union. Supported by Adolf Hitler's Nazi government, the two brands had grander plans to demonstrate Germany's technological supremacy. In August 1936, Auto Union engineer Ferdinand Porsche and race car driver Hans Stuck approached Wilhelm Kissel, chairman of Daimler-Benz, and presented a plan to build a car that would set a new land speed world record.

Vauxhall VXR8 GTS (2013) first pictures of Aussie M5-killer

This is Vauxhall's BMW M5 and Mercedes E63 AMG fighter: the new VXR8. The £55k rear-drive saloon doesn't just beat its German peers for price though. It's also punching with the heavyweights in the power stakes, developing 576bhp and 545lb ft.