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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.

GM posts $7.6 billion profit for 2011

General Motors on Thursday posted a $7.6 billion profit for 2011, while recording its smallest quarterly profit of the year in the fourth quarter. Net income for the October-through-December period fell 7 percent from the year-earlier period to $472 million, as a $562 million loss in Europe--the steepest of the year there--weighed on the automaker's bottom line. North American earnings nearly doubled.

Classic Design Concepts to debut "Bad Penny" Ford Mustang

There won't be a shortage of custom-built Ford Mustangs at the upcoming SEMA show in Las Vegas, and there's one car that's already making waves before the show has even started. Classic Design Concepts has published photos and details of the "Bad Penny" Mustang that will be debuting at the show, and the company promises that it will be as fast and as mean as it looks. The base vehicle used for the build is a 2014 Ford Mustang GT, with a 5.0-liter four-valve Ti-VCT V8 engine mated to a six-speed manual transmission.