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Ferrari F70: First Photo

We have what appears to be the first photo of the Enzo replacement - the Ferrari F70 – taken at a private viewing for Ferrari clients in China. Despite expectations that the new Ferrari F70 would be revealed before the end of 2012 – which is what Ferrari boss Luca di Montezemolo told us – we still haven’t had the reveal of the F70 in any form, and certainly not at the Los Angeles Auto show, where we expected Ferrari to debut their new hypercar as it’s the last motor show of note for 2012. It now looks like – short of a non-motor show reveal – that the new F70 will bow in at Detroit in January, but ahead of that it seems Ferrari are already showing the F70 to select clients.

Ford boosts prices 0.4 percent on 2011 models

Ford Motor Co. said it boosted prices an average of $117, or 0.4 percent, on 2011 models effective Friday, April 1. The increase is because of “higher commodity costs,” George Pipas, Ford's chief sales analyst, said Monday.

The 500-hp club: The room is getting crowded

At a time when fuel economy counts for just about everything, there's still a horsepower war raging in the United States. The number of fire-breathing wedge-shaped supercars and hot sedans and coupes that can pump out 500 hp or better has nearly doubled in the past five years to more than 70. A decade ago there were just two members of the 500 hp club in the United States: the Ferrari 575M and Lamborghini Murcielago.