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Business has been good for Ferrari. Thanks in no small part to expanding its activities in developing markets, the racing team turned automaker raked in 556 million euros in revenues to generate 42.1 million euros in profit in the first quarter of this year alone – an increase of 13.2 and 17.2 percent, respectively. Those figures are driven by increased sales that amounted to 1,733 units produced and delivered in the first quarter out of an exciting model range that includes the 458 Italia and Spider, the recently revised California, the innovative FF and the brand-new F12 Berlinetta. But the House that Enzo built is not about to stop there.

Buried deep within the company’s financial report (which you can delve into after below the fold should you be so inclined) comes confirmation direct from the company’s affable chairman (and possible next Italian prime minister) Luca di Montezemolo: “At the end of the year, we’ll also be unveiling the new Enzo, a limited series model and our first ever hybrid car.”

So there we have it, straight from the proverbial lion’s mouth and in no uncertain terms. Before we flip the calendar to 2013, we’ll have the latest in the long line of earth-shattering supercars that started with the 288 GTO, continued with the legendary F40, through the open-top F50 and on to the radical Enzo. And yes, it will be a hybrid, coupling an electric motor to a revised version of the V12 in the new F12 Berlinetta, as Ferrari revealed at the Beijing Motor Show.

Continue reading Montezemolo confirms new Ferrari Enzo hybrid by year’s end

Montezemolo confirms new Ferrari Enzo hybrid by year’s end

BMW has posted two teasers to YouTube, previewing M Performance versions of both the M3 and M5. These look to be specially produced for the UK market, and limited to just 30 units of each model in either red, white or blue.

Little information accompanies the low-res videos, saving that each of the cars is being fitted with “an impressively high specification of standard equipment” and that the 30 cars will be split up into 10 of each color. All three hues will feature BMW’s “frozen” paint, the matte finish we’re familiar with from the 2011 M3 Frozen Gray Coupe.

Scroll down to watch both videos and their accompanying dubstep soundtracks.

Continue reading BMW teases new M3 and M5 M Performance Editions

BMW teases new M3 and M5 M Performance Editions

Continue reading Autoblog takes a hot (wet) lap in Jaguar’s Nürburgring taxi

Autoblog takes a hot (wet) lap in Jaguar’s Nürburgring taxi

Now that the title of world’s largest maker has become a clear and eager battle, we can expect more regular updates on the progress of the combatants. Bloomberg reports that Toyota snagged the #1 crown in Q1, taking it away from General Motors with 2.49 million units sold across its five brands compared to 2.28 million for GM. Volkswagen was just another tenth down at 2.19 million units sold.

What all three might appreciate even more than the crown – except for VW, who is monomaniacal about the No. 1 tag – is that sales volumes and profitability are up, at least in America. Toyota’s sales rebound from the catastrophes of last year (and indeed, the last few years) is being underlined by its performance here, where the Prius Plug-In is the third-best seller against a background of the nation’s best car sales market in five years. Even with double its usual fleet sales in Q1, Toyota expects this financial year’s profits to double.

The year isn’t over yet and it remains close, but for now it looks like there’ll be good news for everyone. Well, until 2016, when Volkswagen is predicted to vanquish all challengers at the top of the podium, two years ahead of its own ridiculously ambitious schedule.

Toyota takes title of World’s Largest Automaker… again, for now

When Queen Elizabeth II celebrates her Diamond Jubilee, it will be a cause for celebration for her entire United Kingdom. But the Brits aren’t the only ones marking Her Majesty’s 60 years on the throne.

The celebrations will apparently include delegations from around the world, including one mixed party of prancing horses old and new to represent Italy. Not only will several Ferraris be represented at the first Concours d’Elegance to be held at Windsor Castle, but Ferrari is bringing the 4th Mounted Carabinieri to strut their stuff on the grounds of the palatial estate for Her Majesty’s enjoyment.

The event will form part of the Diamond Jubilee Pageant from May 10 to 13, but you can see a preview of what Ferrari and the Mounted Carabineri it supports have in store after the jump. The fancy dress makes the Royal Canadian Mounted Police (which you’d otherwise be more likely to see in the other Windsor, where Sergio Marchionne – chief executive of Ferrari’s parent company – went to college) look sober by comparison, but it’s worth watching for the overly dramatic music alone.

Continue reading Ferrari corrals the Prancing Horses for the Queen’s Diamond Jubilee [w/video]

Ferrari corrals the Prancing Horses for the Queen’s Diamond Jubilee [w/video]

BMW did quite a bit to differentiate the new 3 Series from the old one, but arguably the biggest development in that department is the splitting of the model line. Because the new 3 Series is only the sedan and wagon. The coupe and cabrio are branching off as the 4 Series, similar to the 6 Series (as distinct from the 5 Series), the old 8 Series (separate from the 7 Series) and what’s expected to emerge of the 2 Series from the new 1 Series.

Following earlier spy shots of the 4 Series convertible with its roof up in the rain and in the snow, this is our first look at the upcoming new model being driven the way it’s meant to be driven: with its top down and the sun shining.

Unfortunately our view is a little obscured by all the swirly camouflage, so we’ll have to wait until its anticipated debut sometime next year to see the whole package. But you can check out the spy shots now for a sneak preview.

BMW 4 Series cabrio caught with its top down

Boiled Down, But Still Delectable

It is nearly impossible to avoid reminiscing about the 1983 Volkswagen GTI while driving the 2012 Volkswagen Golf R. As you may recall, “the original hot hatch” arrived on our shores seemingly eons ago with a naturally aspirated 1.8-liter four spitting out just 90 horsepower. While hardly brawny, even in an era of wheezy outputs (the 1983 Mustang GT 5.0 generated just 175 horsepower), its low curb weight of 2,100 pounds and a base price of $7,995 made the range-topping Rabbit not only light, tossable and reasonably quick, but very affordable.

Fast forward nearly three decades to the 2012 Volkswagen Golf R, a direct descendant of that first-generation GTI. Thoroughly modernized, and riding on a sixth-generation chassis, the new two- or four-door range-topping Golf boasts a bit more displacement and gobs more horsepower. But that is not all today’s hot hatch has gained. With innovation and refinement come mass and cost – both of which have risen dramatically over the past three decades.

After falling head-over-heels for the 2012 Golf R after our first drive of the Euro-spec model in Switzerland last spring, it was time to put one in our garage for a longer run on domestic soil. With an eager and open mind, we welcomed the Golf R into our lives for a week. While we didn’t have a chance to toss it around a closed racing circuit, we did put in several hundred miles on the highway, wrung it out on Mulholland and frolicked in wet Southern California mountain snow. In the process, we not only learned plenty about Volkswagen’s hot hatch, but we met several other Golf R drivers who were more than willing to talk to us about their own experiences.

Continue reading 2012 Volkswagen Golf R [w/video]

2012 Volkswagen Golf R [w/video]

When General Motors put down several of its brands in recent years, it also let loose thousands of brand-loyal customers who will eventually need another car.

R.L. Polk Associates estimates there are more than 18 million cars from 16 discontinued makes on the road today. Those “orphan owners” have sales-hungry competitors seeing dollar signs. GM is offering Saturn owners $1,000 cash toward a Chevy Cruze, Caddillac CTS or a GMC Acadia. Ford is giving its Mercury lease customers a chance to get out of their contracts with no early-termination penalty and offering to waive six remaining payments if they drive off in a Ford or Lincoln.

Edmunds.com research shows the efforts are paying off somewhat for GM, with 39 percent of Pontiac owners, 37 percent of Hummer owners and 31 percent of Saturn owners taking delivery of another GM-branded vehicle. But that leaves as much as 69 percent of owners going elsewhere. Ford, Honda and Toyota seem to be attracting many former GM owners.

As Forbes points out, if you’re driving an orphaned nameplate, you just might be able to use that to your advantage when shopping for a new vehicle.

Automakers tussle over owners of ‘orphan’ makes

The next-generation Subaru WRX and WRX STI are still shrouded in a cloak of secrecy. Or is it indecision? Either way, Car and Driver is reporting that when Subaru eventually pulls the wraps off whatever is going to wear the WRX badge, there’s going to be a turbocharged version of the 2.0-liter FA-series engine underhood, a derivative of the naturally aspirated engine that’s found in the Subaru BRZ.

How does the venerable buff book know this? Because the turbo’ed flat-four has already appeared in the Japanese domestic market Legacy, making 296 horsepower and 295 pound-feet of torque, mated to a continuously variable transmission. C/D says that engine differs from the one in the BRZ in that it uses Subaru’s own direct injection system rather than one coming from Toyota.

In the standard WRX, horsepower numbers are expected to be a bit lower than in the JDM Legacy, though the STI version will probably see power boosted. C/D says the new 2.0-liter engine is supplanting the 2.5-liter Subaru has been using due to fuel economy considerations, though there’s also something to the notion of consolidating powertrains to reap greater efficiencies in manufacturing.

Next Subaru WRX previewed by Japanese Legacy’s 2.0L turbo?

Chrysler has already sold over 84,000 minivans this year, but an unfortunate few were built with defective liftgate sensors. The 471 vehicles with the bad parts include both Chrysler Town & Country and Dodge Grand Caravan models, all of them 2012s built in March, according to the National Highway Traffic Safety Administration recall report.

The power liftgates are supposed to stop during automatic closing if they detect resistance, but NHTSA says the recalled vehicles could malfunction, and “may close on an appendage.” Owners should keep their arms and legs safely inside the vehicle and look for notification from Chrysler this month. Dealers will be fixing affected vehicles free of charge.

Scroll down to read the full report.

Continue reading Chrysler recalling 471 minivans over liftgate issue

Chrysler recalling 471 minivans over liftgate issue

Baby Buick Makes Quiet Case As An Almost-Luxury Car

Continue reading 2012 Buick Verano

2012 Buick Verano

Toyota Supra successor, Nissan Juke-R, Cadillac ATS pricing, GM Europe restructuring, Prius PHEV sales

Episode #281 of the Autoblog Podcast is here, and this week, Chris, Dan, and Zach chat about the fresh rumors of a new Toyota Supra, the Nissan Juke-R heading for (very) limited production, Cadillac ATS pricing, GM Europe headed for another restructuring, and sales of the Toyota Prius PHEV. Your questions and comments power the end of the ‘cast, and for those of you who hung with us live on our UStream channel, thanks for taking the time. We’ve embedded our Q&A module after the jump for you to scroll through and follow along, too. Thanks for listening!

Autoblog Podcast #281:

Topics:

• Toyota Supra successor rumors
• Nissan Juke-R headed for limited production
• General Motors Europe restructuring… again
• Toyota Prius über-alles

In the Autoblog Garage:
2013 Ford Flex SEL
2012 Buick Enclave

Hosts: Dan Roth, Chris Shunk, Zach Bowman

Feedback
Email: Podcast at Autoblog dot com

Review the show in iTunes

Continue reading Autoblog Podcast #281

Autoblog Podcast #281

All the Justin Bieber in the world doesn’t seem like enough for Fisker to catch a break. First it was a 2012 Fisker Karma spectacularly crapping out on Consumer Reports. Now a Texas fire investigator has said that a house fire originated with the plug-in hybrid, according to AutoWeek.

The fire consumed the car while doing “substantial damage” to the garage and spreading to the suburban Houston home, but nobody was injured in the blaze. According to the report, two other vehicles parked in the garage, an Acura NSX and Mercedes-Benz SUV, were also damaged. Estimates of the extent of the destruction were said to be $100,000, not including the damage to the other cars – and we’re assuming not including the Karma either, given that the six-figure car was a complete loss, according to the report.

The fire started within three minutes of the Karma being parked in the garage, after the owner said he smelled burning rubber. According to the report, the car had not yet been plugged in to charge. The Karma is said to be new enough that it was built after the battery recall, and the report indicates that the battery pack survived the fire intact.

Though the Fort Bend County chief fire investigator told AW that “the Karma was the origin of the fire,” and that it resembled a golf cart fire, something that happens roughly 50 times a year in the area, the incident is still being investigated.

When contacted for comment, Fisker’s response was to tell AutoWeek not to jump to any conclusions: “There are conflicting reports and uncertainty surrounding this particular incident. The cause of the fire is not yet known and is being investigated.”

The automaker then went on to speculate about “fraud or malicious intent,” stating that “fireworks were found in the garage” and that “an electrical panel located in the garage… is also being examined,” according to the report. Fisker also told AW that it believes the car’s battery pack “does not appear to have been a contributing factor in this incident.”

Fisker Karma to blame for garage fire in Texas?

The next-generation BMW Z4 roadster is slated to arrive in 2015, and according to new reports, it’s going to be a more dynamic machine. Well, slightly more dynamic, since the Z4 will still need to squeeze into the triangulated space between better driving chops and not looking too different than the current car. Buyers may want a better driver’s car, but they also want a timeless design that will still look good in 15 years.

Inside Line reports that the next Z4 will have a shortened hood and the lighter, N20 four-cylinder engine – as is found in the Z4 sDrive28i – which will mean better weight distribution. But with BMW aiming to ensure its cars maintain their image for 15 years, we look forward to seeing how engineers and designers collaborate on a harder car that won’t be, in any way, too hard.

Next BMW Z4 to be more dynamic

Continue reading 2013 BMW 6 Series Gran Coupe

2013 BMW 6 Series Gran Coupe

Announced almost two years ago, Toyota finally gave us some more details about the was the all-electric RAV4 EV will be sold to the general public during the 26th Electric Vehicle Symposium in Los Angeles today. The important number? The MSRP for what Toyota calls a “fully equipped” RAV4 EV is $49,800 and will be available before the end of the year.

Toyota says the RAV4 EV’s range is 100 miles and that the car will charge from empty in approximately six hours on a 240V/40A charger. The new RAV4 EV has LED and halogen headlights and it has special “environmental blue” color emblems on the outside. The vehicle will be made at the Toyota Motor Manufacturing Canada, Inc., plant in Woodstock, Ontario. The first generation of the new RAV4 EV was unveiled back at the 2010 Los Angeles Auto Show. Our First Drive report is here.

With a battery and powertrain designed by Tesla, the new RAV4 EV certainly appears to be one of the new breed of compliance EVs. We had heard that the RAV4 EV will be lease only, but the official press release says the car “will go on sale in late summer 2012 through select dealers, initially in four major California metropolitan markets.” Those markets are Sacramento, the San Francisco Bay Area, Los Angeles/Orange County and San Diego and the news matches the rumor we heard last year, that sales about be limited to California. In all, Toyota hopes to sell just 2,600 units in the next three years. Nissan Leaf, you’ve got nothing to worry about.

Continue reading Toyota RAV4 EV priced at $49,800

Toyota RAV4 EV priced at $49,800

Mild-Hybrid Malibu Proves Only Mildly Interesting

Continue reading 2013 Chevrolet Malibu Eco

2013 Chevrolet Malibu Eco

The National Highway Traffic Safety Administration has issued a recall concerning 2011-2012 Chrysler 300 and Dodge Charger models. A fuse controlling the power distribution unit for the ABS and ESC system can overheat, causing both features to fail.

Charger Pursuit vehicles were recalled a couple of months ago over the same issue and it was thought that severe usage was the culprit. However, a number of civilian reports convinced Chrysler to recall all of the vehicles in question.

Chrysler will begin notifying the 119,072 owners this month. Affected vehicles can be taken to the dealer to have the fuse in question relocated, free of charge. Scroll down for the official NHTSA bulletin.

Continue reading 120,000 Chrysler 300 and Dodge Charger models recalled over electrical issue

120,000 Chrysler 300 and Dodge Charger models recalled over electrical issue

Mazda sales are up 22 percent this year, but the company’s American operation is enduring acute pain. It is in the midst of a complete, five-month reorganization while trying to raise funds and shrink its workforce. In March, Mazda announced its intention to offer voluntary buyouts to its U.S. employees, after which it would assess the plan and then lay off other workers if needed. Of the firm’s 701 local workers, 107 have accepted the voluntary buyout.

Having seen its North American year-over-year operating loss swell by more than 25 percent to $505 million from $397 million, every aspect of the company has come under review. Mazda has said it doesn’t know if involuntary layoffs will be necessary yet, but CEO Takashi Yamanouchi does know this: “It’s a must-win situation.”

Over 100 take buyouts at Mazda USA ahead of layoffs

Mini has been involved with Life Ball, one of Europe’s largest charity events, since the brand first bowed in 2001. This year, the automaker turned a brand-new Mini Roadster over to Franca Sozzani, chief editor of Italian Vogue, for a complete makeover. Sozzani dipped the convertible two door in matte Deepest Purple paint with contrasting rally stripes and added steel accents on the side mirrors and wheels to help set the machine apart from the standard model. The charity car also sports a unique floral design on the roof. Mini will auction off the special Roadster at the Hall of Ceremonies at Vienna’s Hofburg palace.

Life Ball highlights the fight against AIDS. The celebrity-studded event features live music and a fashion show, and Mini says that sales of its past Life Ball models have raised over $654,000 for AIDS research. Scroll past the break for the full press release.

Continue reading Mini previews 2012 Life Ball Roadster

Mini previews 2012 Life Ball Roadster