Vdo 332-932 Voltmeter 8-16v - Cockpit on 2040-parts.com

Tax-return car deals

Automakers are offering cut-rate financing, cash back and lease deals just as our income-tax-refund checks are coming in the mail. These timely tax-return car deals are paired with the necessity for automakers to make room on dealer lots for all-new models. (See the Cadillac CTS deals.) Here, we break down some of the incentives being offered this month.

MG 3 arrives in the UK next month – price from £8399

All the UK models of the new MG 3 (pictured) will cost under £10k MG revealed the UK MG 3 back in June as their design centre in Birmingham, and it’s not a terrible looking thing – at least from some angle. But whether the relatively low tech and the implication that this is the rebirth of MG Motors will be enough to persuade UK buyers in remains in doubt. What will help is a relatively modest entry point, and the MG3 is starting at £8,399 when it goes on sale in the UK in September.

Ferrari shows next Enzo's HY-KERS V12 at Beijing

Ferrari stole a surprise march at the 2012 Beijing auto show when it announced a few details about its forthcoming Enzo successor. The powertrain you see here is essentially the hybrid supercar architecture which'll underpin the new hypercar being readied for launch later in 2012. Ferrari chief Amadeo Felisa told CAR the electric powertrain would lop 10% off the 0-124mph time - and its V12 is related to that in the F12, but with more power and 40% lower CO2 emissions.