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Custom cars with an extreme sports theme at SEMA 2013

The annual Speciality Equipment Market Association (SEMA) Car Show is one of the world's biggest events for modified motors. In short, if you want to check out the most weird, wonderful and wacky cars in the world, head for SEMA. And naturally, the event is held in Las Vegas.

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.

Pininfarina family to lose control of company

The Pininfarina family is set to lose its controlling share stake in the company as it takes a step closer to restructuring its €76 million net debt. The Italian design firm, founded in 1930, has been plagued with debt in recent years, shutting its manufacturing branch in 2011 to concentrate purely on design, ending a joint venture with Volvo that saw the company assemble Volvo's C70. The move is seen as a positive one for the company in the long-term, making it more financially secure for future developments, but it also means that the Pininfarina family will lose control of the company by selling its 77 percent share.