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Concorso Ferrari puts on a show in Pasadena

WITH VIDEO -- Most people have seen the Old Town section of Colorado Boulevard in Pasadena, Calif., once a year--during the Rose Bowl parade. Well, finally, there's a new and good reason to interrupt traffic on Colorado: Concorso Ferrari. It's a splendid gathering of beautiful Ferraris for which the city closes down two whole blocks of the busy thoroughfare for anyone who wants to ogle the hundreds of Italian works of wheeled art parked there for the day.

Toyota smashes electric car lap record at Nurburgring

Toyota has set a new electric car record at the Nurburgring – with a silent but speedy 7min 47.794sec lap of the Nordschleife. You can watch the record lap in our video above. Ring specialist Jochen Krumbach was at the wheel of the Toyota Motorsport EV P001 racer, obliterating Peugeot's previous 9min 1.338sec record in the EX1 concept car.

BMW 1 Series dead in US after 2013

With its successor set to bow at the Detroit Auto Show in a couple of months' time, word's come down from BMW that 2013 will indeed be the end of the line for the BMW 1 Series — at least in the US. It will remain available elsewhere in the world as a three-door and five-door hatch. The coupe and convertible, meanwhile, are being replaced by the 2 Series, in convention with BMW's new naming scheme.