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Ferrari 458 Speciale revealed ahead of Frankfurt Motor Show debut

The Ferrari 458 Speciale (pictured) has been revealed ahead of a Frankfurt debut It’s always been a given that Ferrari would make a 458 in the mould of the 430 Scuderia – a more focused and more powerful version of the stock model – and here it is. The Ferrari 458 Speciale. Revealed ahead of a public debut at the Frankfurt Motor Show next month, the 458 Speciale gets modifications to its aerodynamics and its powertrain and previews the direction of future Ferraris in the process.

Lotus owner Proton tries to quell sale rumours

The Malaysian owners of Lotus have taken the unusual step of quashing rumours circulating of an impending sale of its British sports car division. Several newspaper articles have suggested that the new owners of Proton may divest its loss-making Lotus subsidiary. The ownership structure of Proton has changed in recent weeks, after the Khazanah Nasional Berhad sold its entire stake in Proton to DRB-Hicom.

Local Motors launches Pacific Northwest competition

Local Motors' 20th design competition, themed 'Thrive in the Elements,' opens for submissions starting today, 17 March. The new American car company is calling for entrants to design a car based around the four core elements: Earth, wind, fire and water; challenging designers to create a vehicle that will 'inspire Pacific Northwesterners to thrive'. The deadline for entries is 30 March 2010.