1986 Pontiac Firebird Hatch /pulldown on 2040-parts.com

Neiman Marcus tucks a Ferrari FF in its Christmas Book

Neiman Marcus, purveyor of all things haute couture, has released its annual Christmas Book featuring amazing--and amazingly expensive--gifts for that special someone for the holidays. For the car fan on your list, consider Neiman's version of the 2012 Ferrari FF--for a mere $375,000. That's a bit more than the near $300,000 asking price for a standard Ferrari FF, but you would have one of only 10 examples of the Neiman Marcus Ferrari FF to be built.

Mitsubishi closes California design studio

Mitsubishi Motors Corp. closed its design studio in Cypress, CA last Thursday – just one month shy of its 25th anniversary. A result of the recent downturn in the global economy, the closure of the facility will eliminate 33 design positions as part of a personnel cull that has seen 60 people within the automaker's US operations lose their jobs.

Cadillac ATS to get turbo power

Cadillac has given us a sneak peek at the engine lineup that will power the 2013 ATS sedan set to bow in January at the Detroit auto show. The spotlight powerplant is a 2.0-liter turbocharged four-cylinder making 270 hp and 260 lb-ft of torque. It uses a twin-scroll setup for a broad torque range.