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Toyota FT-86 Concept, the Frankfurt teaser video

Toyota will show an updated FT-86 concept car at the 2011 Frankfurt motor show starting next week. It's issued this teaser video showing a few snatchshots of the new rear-wheel drive sports car. Don't hold your horses, though.

Video: Ferrari F70 caught drifting at Fiorano

0-60 tipped us off to this short video of Ferrari's forthcoming Enzo successor drifting its way around Ferrari's Fiorano test track. The F70's V12 can be heard, though there's no evidence of the rumored KERS-like hybrid system. Ferrari tells us to expect a sub-2,500-pound curb weight, and we're also hearing the 920-hp figure bandied about.

News watch August 2010: today's industry news

Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hourTuesday 31 August 2010• HSBC has sold its US car loan business to Spanish bank Santander, for an estimated £2.6bn in cash and assumed debt. The move sees the bank further distance itself from the collapsed US sub-prime market (Financial Times, subsription required) • Toll roads do not improve congestion, according to the Campaign For Better Transport. Its claims M6 toll road operator Midland Expressway Ltd is losing ‘tens of millions of pounds’ each year, while conditions on the original M6 have failed to improve (Campaign for Better Transport) Friday 27 August 2010• Spyker, which bought Saab earlier this year, has posted a €139m loss after tax in the first half of 2010 it announced today (Financial Times)• Fiat CEO Sergio Marchionne says the business is performing strongly in the third quarter – and has ruled out selling Alfa Romeo.