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Ferrari 458 Italia is the latest masterpiece from Maranello

Ferrari has drawn from the visual spirit of the Enzo to create a power-packed replacement for the F430 that shuns the rounded curves of its past V8s in favor of chiseled, unmistakable aggression. Boasting a new 4.5-liter V8 engine, a seven-speed dual-clutch gearbox and a 202-mph top speed, Ferrari has revealed that the car--code-named F142 and long rumored to be named the F450--will be called the 458 Italia. Following Ferrari lore, it stands for a 4.5-liter engine with eight cylinders, though why Ferrari thought people would forget it came from Italy is anybody's guess.

Lexus releases first photo of LF-Lc hybrid coupe concept

Lexus LF-Lc Concept - now it's official (click photo for full size) After a leak this morning of a picture of the Lexus LF-Lc Concept, Lexus has decided to be pragmatic and reveal an official photo. After Lexus plans to tease us with their new Detroit Concept were left in tatters this morning when a photo of the LF-Lc Concept leaked from a magazine cover, Lexus has decided to bite the bullet and release an official photo of their new concept car. Just the one, mind you, although we’re sure more will crop up in the coming days.

2013 Australian Motor Show axed

This year’s Australian Motor Show in Melbourne has been cancelled by its organizers three months before its planned opening. Falling attendance figures played a big part in taking the decision, as did what is seen as a lack of manufacturer support. The Australian International Motor Show Joint Venture's event director Russ Tyrie said the decision was taken "based on a consensus view of the automotive industry to focus limited marketing budgets in 2013 on firm-specific activities, rather than an industry-based motor show." The Volkswagen Group's decision not to attend may well have acted as the final nail in the coffin along with Hyundai's hesitancy despite initial support.