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New Lotus Elise S Cup R track car

Seems everyone is building non-road legal track day cars right now, and Lotus most definitely wants a piece of that action. Its latest effort is the startling bright and bewinged Elise S Cup R, pictured above. Based on the 1.8-litre supercharged Elise S road car, Lotus has done a lot more than simply lose the number plate here.

Audi RS3 is revealed, packs 340 hp

WITH VIDEO -- Audi has finally come clean on its RS3 Sportback, revealing photos and information about the four-door hatchback planned for European sale next March. The RS3 uses a turbocharged 2.5-liter inline five-cylinder direct-injection gasoline engine borrowed from the TT RS. The RS3 Sportback will not come to the U.S.

Under the hammer, overseas: Russo and Steele explores classic-car auction in China

It's ambitious, it's unprecedented and it's loaded with pitfalls. But if it can be pulled off, it could serve as a template for international growth for American auction houses. Russo and Steele is expanding into China and has announced plans this fall to form a joint venture with a Chinese company as a foothold.