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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.

Fiat set to grab 51 per cent of Chrysler

Sergio Marchionne wants majority at Chrysler What a difference a couple of years makes. On May Day in 2009 we reported that Chrysler had been put in to Chapter 11 Bankruptcy and the US Government was stepping in to ease the pain with $7.5 billion (admittedly at somewhat less than mates-rates) and that the management were ‘leaving the building’. Step forward Fiat to take up a 20% stake in Chrysler and Fiat boss, Sergio Marchionne, who planned to lead Chrysler away from the dark side and in to the light, with the promise of smaller and more efficient platforms and engines.

Detroit convention center to get upgrades for auto show

For now, the Motor City will retain its spot on the calendar of international auto shows, as plans to upgrade the aging convention center where it's held annually will move forward. A $300 million deal to renovate and expand the nearly 50-year-old Cobo Center in Detroit is set to proceed after an Aug. 1 deadline to scuttle the plan passed without opposition from local officials.