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Porsche 918 Spyder laps the 'Ring in 6:57

The stunning Porsche 918 Spyder was revealed at the Frankfurt motor show on Tuesday. The near million-dollar car has a price that's four and a half times higher than the Porsche 911 Turbo S. It was built to battle the new crop of supercars including the Ferrari LaFerrari and McLaren P1.

Four car design schools to compete in Ferrari design contest

 Ferrari, in collaboration with Pininfarina, has laid down a global challenge for students of car design. The project, called 'Ferrari: new concepts for the myth', will see students from four of the world's best automotive design schools compete to create new concepts for future Ferraris. The four schools are: Art Center College of Design in Pasadena, Tokyo Communication Arts, Coventry University School of Art and Design, and the European Institute of Design in Turin.

Redesigned 2013 Lexus LS offers new sheetmetal, safety features

Lexus Division unveiled its new LS 460 flagship luxury sedan that arrives in dealerships this fall, with standard and long-wheelbase editions, a hybrid version and a new F-Sport trim level with improved handling dynamics. Despite its sheet metal changes, the car is actually little changed underneath. Its 4.6-liter V8 engine and eight-speed transmission are basically carryover, at a time when luxury brands are using powertrain technology as a differentiating ploy.