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Aptera Motors reaches end of the road

Start-up EV manufacturer Aptera Motors has announced it is going out of business. The brainchild of former Chrysler brand manager and CEO of ASC Inc, Paul Wilbur, the company had gained approval for a $150 million loan from the U.S. Department of Energy's advanced vehicle fund, but was unable to find further backing.

Saab: GM decides Vladimir Antonov is a good guy after all

Vladimir Antonov - Not a 'Red under the Bed' after all. Some detected the odour of McCarthyism when GM told Spyker there could be no deal on Saab unless it showed major backer Vladimir Antonov the door. Which seemed a bit harsh; after all, there seemed no evidence to support accusations of links to organised crime by Vladimir or Convers Bank.

Ferrari 458 Italia is the latest masterpiece from Maranello

Ferrari has drawn from the visual spirit of the Enzo to create a power-packed replacement for the F430 that shuns the rounded curves of its past V8s in favor of chiseled, unmistakable aggression. Boasting a new 4.5-liter V8 engine, a seven-speed dual-clutch gearbox and a 202-mph top speed, Ferrari has revealed that the car--code-named F142 and long rumored to be named the F450--will be called the 458 Italia. Following Ferrari lore, it stands for a 4.5-liter engine with eight cylinders, though why Ferrari thought people would forget it came from Italy is anybody's guess.