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Concorso Ferrari puts on a show in Pasadena

WITH VIDEO -- Most people have seen the Old Town section of Colorado Boulevard in Pasadena, Calif., once a year--during the Rose Bowl parade. Well, finally, there's a new and good reason to interrupt traffic on Colorado: Concorso Ferrari. It's a splendid gathering of beautiful Ferraris for which the city closes down two whole blocks of the busy thoroughfare for anyone who wants to ogle the hundreds of Italian works of wheeled art parked there for the day.

News watch March 2011: today's auto 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-hour Thursday 31 March 2011• US President Barack Obama has strated all US government cars and trucks purchased from 2015 must be alternative-fuel vehicles (Automotive News)• Nissan CEO Carlos Ghosn has denied a report in Japan's Nikkei newspaper that he is leaning towards a formal merger of Nissan and Renault (Reuters)• Fiat CEO Sergio Marchionne says that Chrysler's share IPO may now take place in 2012, depending on financial progress this year (Bloomberg)Wednesday 30 March 2011• Tesla CEO Elon Musk has called a report that the EV carmaker is a takeover target 'bad analysis' and remains confident the firm will stay independent (Bloomberg)• The BBC denies that it rigged a December 2008 Top Gear TV test of the Tesla Roadster, in response to being sued by the EV carmaker (BBC News)• First Group, the UK's largest public transport operator, has announced a £160m investment in new buses, ordering 955 new buses from UK manufacturers Wrightbus and Dennis over the next two years (BBC News)• Japanese production woes look set to continue into April. Toyota expects the majority of Toyota and Lexus production on 14 April (Automotive News)• Saab production has re-started again, following a half yesterday afternoon.

Ferrari, Ford and McLaren scoop top engine award honours for 2013

Think 'International Engine of the Year' awards would just concentrate on frugal, downsized powertrains? Not so. Along with Ford and VW's fuel-saving efforts, Ferrari and McLaren have been recognised for building the world's best engines in the 2013 awards.