Panoz launches newest sports car, the Abruzzi

The spirit of Le Mans--along with the spirit of the out-of-production Panoz Esperante--lives on in Panoz Auto Development's latest creation, the Abruzzi. Named for the people from the south-central Abruzzo region of Italy, the Abruzzi draws its inspiration from the 24 Hours of Le Mans, where the car is making its world debut on Tuesday, and its styling from the 1935 Delahaye Type 135 tear-drop coupe. "It is about the true spirit of Le Mans, a car you can drive from home to the racetrack, race it, and then drive home again," Panoz chairman and American Le Mans Series owner Don Panoz said.

Fiat 500C – the reveal happens

As we told you on Saturday, Fiat intended unveiling the new convertible 500 - The Fiat 500C – today, and here we have the first official images of the car. As we expected, the 500C gets a full-length canvas roof, with the C pillars staying in place to keep the cost down and add strength. But it seems we were wrong on its action – it’s going to be electric.

Ford to sell two concepts at auction

Amongst the numerous one-off concept cars and rare historic vehicles set to be auctioned off at the forthcoming RM Auctions sale in Monterey, California, Ford has contributed two of its own unique concept cars to be sold. All proceeds of the sale will go to the Juvenile Diabetes Research Foundation (JDRF) charity. The race-inspired 2005 Ford Shelby GR-1 concept and the 2001 Thunderbird Sports Roadster concept will be presented by the world's largest collector car auction house on August 19th in California as part of its Monterey sale. It is believed that the 2001 Shelby will sell for between $150,000 and $200,000 while the 2001 Thunderbird concept will fetch between $125,000–$175,000. There will be no reserve on the cars.