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Mitsubishi returns to Pikes Peak with all-new MiEV Evolution III

Mitsubishi is back again with an all-new version of its electric hill-climbing machine, the MiEV Evolution III. A pair of the fully electric race cars will compete in the 92nd running of the Pikes Peak International Hill Climb on June 29, held just outside of Colorado Springs, Colo. Replacing the MiEV Evolution II that came in second in the EV division in last year's, “Race to the Clouds,” the MiEV Evolution III comes with a full force of upgrades that look to bump it to first place.

More than 800 cars apply for Monterey Motorsports Reunion

The 2012 Rolex Monterey Motorsports Reunion will celebrate the 50th anniversary of the Shelby Cobra, and more than 800 applications for participation have been received. There will be 17 race groups at the track Aug. 17-19, but participation is limited to 550 cars.

Europe’s economic problems sees UK become biggest Ferrari market in Europe

The Ferrari F12 (pictured) helped Ferrari to strong profits in the first half of 2013 The economic crisis in the Eurozone has seen Ferrari’s sales in countries like Italy and Spain plummet, and Greece managed just one sale in 2012 (and even that came to the UK). But Ferrari have a plan to keep profitability by limiting supply and achieving stronger revenues for the sale they do make – with stuff like Ferrari’s bespoke Atelier and Tailor Made services and Classiche work adding more revenue – to keep them powering forward, and it seems to be working despite poor sales in many European countries. In fact, despite an increase of just 2.8 per cent in volume, Ferrari has managed to increase their profits in the first six months of 2013 by an impressive 20 per cent, with total sales of 3,767 and net profits of €1.22 million.