Suzuki Marine 11351-18h00 11351-18h00 Cover,magneto on 2040-parts.com

Exotics get sideways at Monticello's 'Drift With the Supercars'

Monticello Motor Club president Ari Straus and his PR guy, Roger Garbow, were brainstorming in early October and came up with what initially sounded like a crazy idea: Bring a bunch of supercars to the track for a day of drifting. "Beer was involved," says Garbow, in an attempt to rationalize the insanity of the concept. The next day, the two decided it was still a crazy idea.

Panasonic invests $30 million in Tesla Motors to develop batteries

Japanese electronics giant Panasonic Corp. said late Wednesday it invested $30 million in Tesla Motors Inc. to cooperate on green powertrain development.

Factory Five Body Design Competition

Following in the footsteps of Local Motors, Factory Five is set to launch an open-sourced design contest to design its next car. Up until now, the Massachusetts-based company is famed for its Type '65 Shelby Cobra Coupe replicas and its GTM racecar. Teaming up with Grassroots Motorsports Magazine, Factory Five is now launching the design contest to design the bodywork for its latest project: a Subaru Impreza-engined, rear-wheel-drive two-seater that is expected to sell for under $9,000 in kit form, or $15,000 as a complete car.