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GM reveals new, highly modular Ecotec engine family

GM introduced its new modular family of Ecotec engines on Wednesday at its powertrain headquarters in Pontiac, Mich. The new, reduced-in-size three- and four-cylinder mills will replace three of GM's current engine families, eventually making their way into five of the company's brands. The Ecotec family will eventually spawn 11 engines in total, ranging in displacement from 1.0 liter to 1.5 liters.

Caterham announces cut-price Seven 160 sports car

BRITISH sports car maker Caterham has announced a new low- priced version of its long-running Seven model. Dubbed the Seven 160, the new model starts at a measly £14,995 in component form or £17,995 fully built. Under the bonnet there is a turbocharged 660cc Suzuki engine and although this only offers up a modest 80bhp, that's still enough to power the lightweight Seven from 0-60mph in 6.5 seconds.

Video: Ferrari F70 caught drifting at Fiorano

0-60 tipped us off to this short video of Ferrari's forthcoming Enzo successor drifting its way around Ferrari's Fiorano test track. The F70's V12 can be heard, though there's no evidence of the rumored KERS-like hybrid system. Ferrari tells us to expect a sub-2,500-pound curb weight, and we're also hearing the 920-hp figure bandied about.