Ferrari's Special Projects division has reportedly created a new one-off Targa version of the F12 Berlinetta. Although still disguised, the model has been modified with three new bonnet vents and a restyled front bumper. Reports suggest the car could be named SP America.
The announcement of Ford COO Mark Fields as the successor to current boss Alan Mulally is understood to be imminent. Mulally is expected to retire from his post at the end of this year, having headed Ford since 2006.
Peugeot is trying to sell its HybridAir technology to competitors. Company boss Maxime Picat said the firm needs "at least 500,000" units to be sold every year in order to make the system viable. The move means other car makers outside of PSA could adopt the technology.
General Motors is to invest £267 million across two of its facilities responsible for producing its battery-powered vehicles. Of that sum, £228 million will go to its Detroit assembly plant and £38m to its battery plant. The facilities currently manufacture the Chevrolet Volt, Vauxhall Ampera and Cadillac ELR. This investment suggests GM is readying replacements for those models.
Additional reporting by Mike Vousden
