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What's New: August 2004

Ferrari F430  The F430 is the first of a new generation of Ferrari 8-cylinder models. This new car takes Ferrari?s achievements with aluminium technology, begun with the 360 Modena, to a new level, and offers a series of innovations derived from the Ferrari Formula 1 single-seaters. Two of these are world firsts for production cars: the electronic differential (E-Diff) and the steering wheel-mounted switch, which manages the integrated systems governing vehicle dynamics.

Fernandes confirms Team Lotus-Caterham deal

Tony Fernandes has officially confirmed that Team Lotus Enterprises has taken over tiny British sports-car maker Caterham Cars. Named after the London suburb where it was founded, Caterham bought the rights to the Lotus Seven design in 1973 and has been exploiting it ever since with increasingly sophisticated models that stay true to the original concept. The company is now based in Dartford, close to the Brands Hatch race circuit.

Here's the former Ukrainian president's car collection

Just a couple days ago, the world media and some bewildered journalists got a glimpse of now-departed Ukrainian president Viktor Yanukovych's villa on the Dnieper river, called Mezhyhirya. The sprawling and not-particularly-tasteful residence rests on a 345-acre lot of real estate (a little over half the size of Monaco) and features a golf course, a zoo, and an artificial lake with a ship resembling something out of Disney's "Pirates of the Caribbean" theme park ride. And it also boasts an impressive collection of about 70 cars and motorcycles.