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The theme park designed by Ferrari

Ferrari is to build Ferrari Land – a new Prancing Horse theme park, inside the PortAventura resort outside Barcelona in Spain. It’s the second Ferrari theme park of its kind, following the successful Ferrari World Park in Abu Dhabi. The news comes after a commitment from Ferrari’s chairman Luca di Montezemolo to cut production of its road cars in a bid to preserve the brand’s exclusivity.

Driven: Renault Fluence Z.E.

Just over two years ago, Carlos Ghosn shocked the world at the Frankfurt motor show by unveiling four fully electric Renault concepts and committing the company to being a leader in EVs. ‘Drive the Change' has been the slogan used since then and the Fluence Z.E. is an important first step in what many see as a risky strategy by Renault.

U.S. is seeking a record $16.4 million fine against Toyota

The National Highway Traffic Safety Administration is seeking a historic $16.4 million civil penalty against Toyota for failing to notify the agency in a timely fashion of a throttle problem that could cause unintended acceleration, Transportation Secretary Ray LaHood said on Monday. The amount is the maximum penalty and would be the most NHTSA has levied against an automaker. The agency said Toyota waited at least four months to alert it of the potential pedal problem.