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Audi to reveal 230hp S1

Audi is expected to reveal a 230hp quattro S1 at the Geneva Motor Show in March. The hot version of its A1 city car will be powered by the turbocharged 2.0-litre engine used in the Audi S3, and come with four-wheel drive as standard. On Bing: see pictures of the Audi S1 Find out how much a used Audi A1 costs on Auto Trader An Audi spokesman would not confirm the rumours, although the S1 is believed to have been spotted undergoing tests in Sweden.

Ferrari's Corse Cliente takes to the track

UPDATED with video below! The Ferrari FXX and 599XX can be bought for oodles of cash--except you can't take them home when you leave the dealership. Ferrari's Corse Cliente program allows well-to-do owners a chance to help in the development of new sports cars.

Cash-for-clunkers deal to end Monday night, government says

The Obama administration plans to cut off dealer funding for the cash-for-clunkers program on Monday at 8 p.m. Eastern, after finding that the $3 billion fund is nearing depletion, Transportation Secretary Ray LaHood said. "The overriding objective was to be conservative and to provide an adequate window for a soft landing," a senior administration official said in a conference call with reporters Thursday.