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Confirmed: special Ferrari for 60th anniversary in USA

It’s been a busy week for Ferrari chairman Luca di Montezmolo. First he announced his resignation (effective from October) from the Italian sports car firm after 23 years at the helm. Then he proclaimed record financial results for Ferrari for the first six months of 2014 (£101.4 million profit) before declaring a special Ferrari model will be unveiled in October to celebrate 60 years of the Prancing Horse in America.

Ford to lower fuel economy rating on C-Max hybrid

Ford Motor Co. will reduce the stated fuel-economy rating of its C-Max Hybrid car -- a rare and potentially costly move that Ford spent months feverishly working to avoid. A Ford source with knowledge of the plan confirmed the company will announce the move on Friday.

2015 Chevrolet Corvette Z06 spied

The 2014 Chevrolet Corvette Stingray is heading to dealerships now, which means it's a perfect time to start salivating over the prospect of an even more extreme take on an American classic: The 2015 Corvette Z06. These spy photos give us a hint at what to expect when Chevy gets around to announcing the car. From the look of it, the next Z06, which some sources suggest may be called the Z07, will be even meaner looking than the base Stingray.