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Ferrari F70 (new Enzo) 2012 debut confirmed

Ferrari F70 - the new Enzo - 2012 debut Ferrari boss Luca di Montezemolo has confirmed the arrival of the new hybrid Enzo – the Ferrari F70 – before the end of 2012. Back in February we were able to report on what we can almost certainly expect from the new Ferrari Enzo (which will probably go back to the F40/F50 model designation as the F70), perhaps most importantly that it will have a hybrid powertrain and be revealed this year. That has now been confirmed by Ferrari boss Luca di Montezemolo as he reported on Ferrari’s sales performance.

Study finds teen drivers need more time in adverse conditions

Practice might make perfect, but not if the drills never change. In a study organized by the AAA Foundation for Traffic Study and the University of North Carolina Highway Safety Research Center, participating teen drivers averaged about an hour and a half of supervised driving each week--mostly on routine trips along the same roads. At the end of the year-long study, 47 percent of parents said there was at least one driving condition they felt their student wasn't prepared to handle.

Tesla loses $38 million in third quarter

Tesla Motors, Inc. posted a net loss of $38 million on $431 million in revenue during the third quarter -- a steeper loss on slightly higher revenue than in the second quarter. In the third quarter of 2012, when Tesla was just starting production of the Model S, the automaker lost $111 million on $50 million in revenue.