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Ferrari posts record sales despite economic uncertainty

Global economic waters are far from calm, but Ferrari has managed to steer clear of the turmoil. The Italian automaker has released sales figures for the first six months of 2012, and they’re impressive by any measure. Revenues for the first half of the year are up nearly 12 percent, and net profits have risen 10 percent to over $130 million.

One lap of the web: A Lotus superbike, a track-only Z06 and a pair of M cars

Motorcycle News Lotus has licensed its name for this 200 HP superbike. Motorcycle News is reporting that Lotus, the beloved sportscar manufacturer that launched a thousand acronymic reliability jokes--"L.O.T.U.S, Lots Of Trouble, Usually Serious"--has lent its name to a 200 HP, V-twin-powered superbike that is to be manufactured by a new company. While it does wear a lovely JPS-style livery, it's not clear where the lightness has been added or if it's been simplified.

MG Icon SUV Concept revealed ahead of Beijing debut

MG Icon SUV heading for Beijing The MG Icon – a compact SUV Crossover – has been revealed ahead of a debut at the Beijing Motor Show. Men with beards and pipes will be dismayed at the news that there is going to be an MG SUV, but there is and it’s the MG Icon – which might be setting the bar a but high. Looking like a cross between and MGB GT and a Juke, the MG Icon is expected to share a platform with the MG5 and MG6 and be powered by the 1.5 litre four-pot SAIC used in the Chinese versions of the MG and Roewe.