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2015 Corvette Z06 first official images

The 2015 Corvette Z06 has made its world debut, and it's incredible. Chevy's claiming "at least 625 hp" from a 6.2-liter supercharged small-block. Unlike with the C6-generation Z06, the removable roof panel from the standard Corvette is retained for Z06 duty and it's available with an automatic transmission for those who can't operate a 7-speed manual.

Toyota FT-1 Concept revealed – it’s a new Toyota Supra (video)

Toyota FT-1Concept revealed – it’s a new Toyota Supra Toyota teased us with a concept photo back in December that looked like it was previewing a Supra for the 21st century, and it’s been revealed today at the Detroit Auto Show as the Toyota FT-1 Concept. The FT-1 Concept is the result of Toyota’s Calty design studio in California to create the ultimate sports car and, say Toyota, is a strikingly modern design that makes reference to past Toyotas like the  2000GT from the 1960s. Toyota aren’t making any claims for the FT-1′s powertrain yet (FT stands for ‘Future Toyota’ and the ’1′ the ultimate) and comes with a front engine/ rear wheel drive configuration, with a cockpit set back within the wheelbase and wraparound screen.

Lamborghini reports drop in profits

Lamborghini has announced a pre-tax loss of £32m for 2009 as the world recession led to a slump in supercar sales. Lambo delivered 1515 supercars last year, down 38% from 2008's 2430.  Turnover dropped 41% to £215m. It's a far cry from the dizzy heights of the boom years.