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Panoz launches newest sports car, the Abruzzi

The spirit of Le Mans--along with the spirit of the out-of-production Panoz Esperante--lives on in Panoz Auto Development's latest creation, the Abruzzi. Named for the people from the south-central Abruzzo region of Italy, the Abruzzi draws its inspiration from the 24 Hours of Le Mans, where the car is making its world debut on Tuesday, and its styling from the 1935 Delahaye Type 135 tear-drop coupe. "It is about the true spirit of Le Mans, a car you can drive from home to the racetrack, race it, and then drive home again," Panoz chairman and American Le Mans Series owner Don Panoz said.

Volkswagen to buy 42 percent of Porsche, full merger planned

Volkswagen will buy 42 percent of Porsche's sports-car business en route to a full merger by the end of 2011, the companies announced Thursday. VW will pay $4.7 billion for its initial stake in Porsche. It positions the new company to have 10 brands and global sales of 6.4 million, and Volkswagen CEO Martin Winterkorn is likely to lead the entity.

Lamborghini LP550-2 – the Balboni Video

Video of the Lamborghini LP550-2 Valention Balboni The LP550-2 features a unique colour scheme, with a big stripe right up the middle of the car – echoed on the interior trim – but more importantly the Lp550-2 is set up to be a real driver’s car, with rear wheel drive replacing the LP560-4′s four wheel drive. The LP550-2 Balboni has now been launched at dealerships throughout the world – including here in the UK – and Lamborghini has seen fit to produce an ‘Advertorial’ for the LP550. It features almost five minutes of the LP550 and Valentino Balboni, and is worth the watch.