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The theme park designed by Ferrari

Ferrari is to build Ferrari Land – a new Prancing Horse theme park, inside the PortAventura resort outside Barcelona in Spain. It’s the second Ferrari theme park of its kind, following the successful Ferrari World Park in Abu Dhabi. The news comes after a commitment from Ferrari’s chairman Luca di Montezemolo to cut production of its road cars in a bid to preserve the brand’s exclusivity.

Redesigned Ford Mustang scores high mpg for V8

Completing the fuel-economy story for the redesigned 2011 Mustang, Ford said on Tuesday that the V8-powered pony car is rated at 26 mpg on the highway and 17 mpg in city driving. That compares with a 16 mpg/24 mpg city/highway rating for the 2010 Mustang. The highway rating was achieved with the six-speed manual transmission.

Chevrolet to pull out of Europe

General Motors is ‘strengthening’ its ‘European brand strategy’ by pulling Chevrolet out of mainstream markets in Western and Eastern Europe. This is ‘largely due to a challenging business model and the difficult economic situation’ – but does not mean that Chevrolet is set to disappear entirely. On Bing: see pictures of European Chevrolets Find out how much a used Chevrolet costs on Auto Trader Instead, Chevrolet ‘tailor its presence’ by offering only select ‘iconic’ vehicles from the marque’s global portfolio.