Could set a new world record

Gooding & Company has announced plans to auction a 1957 Ferrari 250 Testa Rossa prototype at this year's Pebble Beach Concours d'Elegance.

Based on the 290MM, the 250 TR originally debuted at the Nürburgring 1000km race where it finished in 10th. It would eventually enter competition at the Venezuelan Grand Prix and 1000km race of Buenos Aires, before being restored to its current condition.

Grand ambitions or practical reality?

The Fisker Karma is still MIA, but that hasn't stopped the company from having grand ambitions.

According to CEO Henrik Fisker, engineers are developing a new gearbox that will give their range-extended electric vehicles "[ Bugatti] Veyron levels of performance." That's not much to go off, but the executive hinted the transmission would increase the amount of torque that is sent to the wheels.

Priced from ?14,490

Smart has unveiled the ForTwo PearlGrey special edition.

Available as a coupe or convertible, the model is distinguished by graphite metallic paint, a silver tridion safety cell and unique 15-inch alloy wheels.

The iQ gets an early launch in October on the West Coast and then becomes available in the rest of the US in early 2012

First revealed in New York earlier this year, Toyota USA has announced the market launch and pricing for the new 2012 Scion iQ.

Based on the global Toyota iQ, the Scion iQ comes with a 1.3 liter, four-cylinder unit delivering an output of 94 bhp (70 kW / 95 PS) and 89 lb-ft (121 Nm) of torque.

Package includes a modest power boost of 20 PS (15 kW / 20 bhp) and 43 Nm (32 lb-ft) of torque

BMW USA has annouced it will be offering the same Performance Edition package on the 135i as it does for the 3-Series' 335i variant.

The package includes a Stage 1 power kit which provides a modest increase of 20 PS (15 kW / 20 bhp) and 43 Nm (32 lb-ft) of torque on the 3.0 liter inline-six unit. Total output comes in at 326 PS (240 kW / 322 bhp) on the Performance Edition-equipped 135i. Other features of the package include black kidney grilles and Performance Edition badging.

Company is still investigating the matter

As a follow up to Friday's story, Chrysler has suspended nine employees from the Trenton engine plant for smoking marijuana and drinking alcohol during their lunch break.

Pure heart, pure soul

Ferrari has taken the wraps off the new 458 Italia Grand Am race car.

Minor tweaks for a popular model

Hyundai has quietly unveiled the 2012 Sonata facelift in South Korea.

Virtually indistinguishable from the current model, the car features a revised grille, restyled mirrors, LED taillights and new 18-inch alloy wheels. Interior changes are also minor, but include higher quality materials, revised trim and a cooled glovebox.

Big numbers, small package

If you thought the Audi A1 Clubsport Quattro concept was impressive, take a look at MTM's Nardo Edition.

Mercedes GP PETRONAS driver Nico Rosberg has expressed his belief that the team has reached a "turning point", meaning they can now look forward to enjoying an extended run of results.

The team currently occupies fourth in the Constructors' Championship, but have failed to record a single podium finish. Despite this, Rosberg has insisted that team is about to enter a period of success.