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.

Fiat's U.S. sales increasing with new ads, 500 Abarth interest

After a slow start, Fiat 500s are starting to move off of dealer lots, according to an article in the Detroit Free Press. Fiat executives claim that the public debut of the 2012 Fiat 500 Abarth at the Los Angeles auto show and some provocative advertising have led to increased interest in the Fiat brand. February was the best sales month yet for the model that Fiat chose to reintroduce Americans to sub-$100,000 Italian cars.

Volvo, Geely working on shared architecture

Geely and its Volvo ward are working at developing a new compact car architecture that will be shared by both companies. For Volvo, this means a smaller luxury car, possibly a few. The platform will be modular, as is practically required in this day and age, ready to underpin different body styles or—if need be—an entirely new lineup.