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Ferrari P540 Superfast Aperta

Ferrari has unveiled its latest one-off, the P540 Superfast Aperta. Designed by Pininfarina for an American client, the new car is based on the 599 GTB Fiorano. It is the second new car created by the Italian sports car maker's new 'Special Projects' program.

Lotus secures more funding, but five-year plan is dead

The five-car, five-year plan for Lotus developed under Dany Bahar is dead, according to an Autocar report. But rumor has it that the sexy Esprit concept could be revived at a low cost. Tan Sri Mohd Khamil Jamil, managing director of the company that owns Lotus parent company Proton, DRB, confirmed that the company sold 70 cars in the U.K.

EyesOn design awards 2012 winners announced at NAIAS

The Detroit-based EyesOn Design competition winners have just been announced at their traditional time, late on the second press day of the North American International Auto Show in Detroit. The jury, which this year included Ralph Giles (Chrysler), Derek Jenkins (Mazda), Lorenzo Ramaciotti (Fiat/Chrysler), Peter Schreyer (Kia) and Franz Von Holzhausen (Tesla) had a much greater array of products to choose from than in recent years; this is a somewhat rejuvenated Detroit auto show. From the cars on display at the show, the judges shortlisted the Ford Fusion, BMW 3-Series and Cadillac ATS for the best production car award.