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Ferrari F70 caught on video

The new Enzo – the Ferrari F70 – has been caught on video around Marenello as Ferrari prepare to debut it at the Paris Motor Show. With the Paris Motor Show looming in just over a month, Ferrari are planning their biggest reveal in almost a decade, the replacement for the Enzo supercar – the Ferrari F70. The F70 will be getting a more powerful version of the V12 under the bonnet of the new F12 together with a KERS hybrid attached for a total output of over 900bhp.

Cash for clunkers plan revives trade fight

Import brand automakers and dealers warned on Thursday that a vehicle scrappage proposal before the Senate would violate trade agreements and could weaken the economy. The Senate could vote on the plan on Thursday, which would offer $10,000 to any moderate- or low-income consumer who trades in a car or truck that is at least 10 years old and buys a new one that is more fuel-efficient and "assembled in the United States." The trade-ins would be scrapped rather than resold. The U.S.-made mandate "smacks of the protectionism that led to the Great Depression," said Barbara Nocera, the top Washington lobbyist for Mazda North American Operations.

Kia launches Cadenza as replacement for Amanti sedan, hits North America in 2011

Kia is replacing its Amanti large sedan with a new model called the Cadenza, which was unveiled today in South Korea. It goes on sale there this year and in North America in 2011. The five-seat Cadenza is shorter than the Amanti but has a longer wheelbase delivering more interior space, Kia said in a release.