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Ferrari 599XX evolves with more power, less weight and a movable wing

Ferrari used the Bologna motor show to unveil an evolution of the 599XX sports berlinetta. It's an enhanced version of the 599 GTB Fiorano that is purely for track use--it stays with the company even after you buy it. You are invited to drive at track days, from which Ferrari uses telemetry, but you aren't allowed to put it in your garage.

Audi RS5 TDI Concept gets electric turbo and 380bhp

The Audi RS5 TDI Concept (pictured) gets an electric turbo It’s two years since Audi revealed it was working on an electric turbo to be used in a twin-turbo setup, with the electric turbo able to offer boost pressure from much lower down the rev range than a normal turbo. That has turned in to the Audi RS5 TDI Concept, where Audi has replaced the normal RS5‘s V8 with a 3.0 litre TDI engine with a small electric turbo for low rev work and a bigger turbo to do the higher rev stuff. The electric turbo works from the off to provide maximum torque of 553lb/ft from just 1250rpm, before the bigger normal turbo takes over at 3,000rpm to continue the boost.

News watch February 2012: today's auto industry news

Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hour Wednesday 29 February 2012• Following on from yesterday's news of a cross-holding between PSA and GM, it now appears that Peugeot Citroen would offer a €1bn rights issue to create cash and strip back jobs as part of its proposed alliance with GM (Automotive News Europe)  • The Bloomberg Riskless Return Ranking, a survey of investor performance, suggests that Kia has outperformed all 22 other car makers with a risk-adjusted return of 9.2% in the past five years. Second highest was Hyundai, whose shares rose 4.8% in the same period (Bloomberg)• Fisker has a new chief executive officer, as founder Henrik Fisker moves to executive chairman. The new boss is Tom LaSorda, the former top man at Chrysler pre-bankruptcy (Fisker)Tuesday 28 February 2012• General Motors is in talks to buy a 5% to 7% stake in PSA Peugeot Citroen, according to reports by news agencies Bloomberg and Reuters.