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Studiotorino unveils Porsche Cayman-based Moncenisio

Studiotorino is an Italian coachbuilder, based in the city that its name suggests -- on the banks of the Po River, deep in the heart of Turin. It came to prominence thanks to a smattering of projects: a buttressed, fastback Mercedes-Benz SL, a Fiat 500 named after beloved Italian pulp hero Diabolik and a Maserati Quattroporte wagon that they appropriately renamed "Cinqueporte." But Studiotorino is also infatuated with the Porsche Cayman. To that end, the firm has introduced the Moncenisio, a Rhapsody in Blue rebody of the Typ 981 that aims to do for German sports cars what Figoni et Falaschi did for the Delahaye and what Porcubimmer Motors did for a BMW 3-Series.

Clunkers records $2.88 billion in rebates

Dealers submitted a total of 690,114 cash-for-clunkers deals for $2.88 billion in rebates by last night's 8 p.m. deadline, coming in under the $3 billion budget for the popular program, the U.S. Transportation Department said today.

Official photos of the new 2012 Volvo V40 leak out

The new Volvo V40 arrives The new Volvo V40 – dues to debut at the Geneva Motor Show – has leaked ouy early from a Polish Facebook page. We has what looked like the first photo of the new Volvo V40 a week or so ago, but we now have what is undoubtedly the first official photo of the 2012 V40 ahead of its debut at Geneva in a couple of weeks. Looking a bit like a cross between the C30 and the V60, the V40 is a good looking car.