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UPDATED: 2014 Chevrolet Corvette LT1 V8 to make 460 hp, 465 lb-ft

UPDATED 5/28/2013: Chevrolet has officially rated the 2014 Corvette Stingray LT1 V8 at 460 hp at 6,000 rpm and 465 lb-ft of torque at 4,000 rpm. Chevy claims up to 316 lb-ft of torque is available starting at 1,000 rpm. Check out complete LT1 details below, and look for an upcoming breakdown of the latest LT1.

Geneva auto show: Mazdaspeed 3 set for debut

Hot on the heels of the recently introduced 2010 Mazda 3, the guys from Hiroshima are planning to show the performance-focused Mazdaspeed 2 version at the Geneva motor show in March. Details remain scarce, but the company has announced that the 2.3-liter direct-injection turbocharged four-cylinder will continue to power the range-topping model. No performance numbers were released.

Toyota Yaris Hybrid-R concept (2013) at Frankfurt motor show

Toyota has released fresh information regarding its 414bhp supermini concept ahead of its debut at next month’s Frankfurt motor show. The Yaris Hybrid R drivetrain features Toyota Motorsport’s 1.6-litre racing petrol engine to power the front wheels and twin electric motors generating 60bhp apiece to run those at the back, giving the car all-wheel drive and a combined output of up to 414bhp. The car also makes use of a supercapacitor inspired by Toyota’s TS030 Hybrid Le Mans racer – energy generated under heavy braking is stored and can be quickly deployed to the rear wheels for an extra burst of power.