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Caterham reveals new SP/300R race car

British specialty-car maker Caterham unveiled its new SP/300R sports prototype race car and a plan for creating a one-make series in 2012 on Thursday at the Autosport International Show in Birmingham, England. The SP/300R is powered by a supercharged 2.0-liter Ford Duratec four-cylinder engine. It produces 299 hp and 213 lb-ft of torque.

Volkswagen plans 4 million cars from one platform

Volkswagen is pushing the global-platform concept to a level unprecedented in the auto industry, introducing a modular platform this summer that eventually will be the basis of microcars, sedans, crossovers and SUVs for its four largest brands. While automakers now share platforms across brands and sometimes even segments, the VW initiative that starts this summer is far more ambitious than anything seen so far. By 2017, some analysts estimate, the MQB platform that debuts with the Audi A3 eventually will be used in 4 million units a year--close to half of VW's annual production.

Abarth 695 Tributo Ferrari: the £30k Fiat 500 is here

Hot on the heels of the Aston Martin Cygnet as the most unlikely badge to find on a city car is this: the Abarth 695 Tributo Ferrari. The prancing Shetland pony was today confirmed for UK sale – and it's going to cost the thick end of £30k. That's right: 30 big ones...  Abarth 695 Tributo Ferrari: just a pumped-up Fiat 500?You got it.