Michael Schumacher has revealed that he is now locked into intensive preparations to raise his fitness for his comeback and has already lost three kilogram's as he races against the clock to be ready for the Valencia Grand Prix in 18 days time

More details of Lancia's new powerboat have been announced as this project, which includes collaboration from Fiat Powertrain, designer Christian Grande and boat builder SACS Marine, counts down to an unveiling in Venice on September 4

An unusual item listed the auction site eBay is a replica of Bertone's Stratos Zero concept which was used by deceased pop star Michael Jackson for a video and which was commissioned when he was unable to secure use of the original

Big or small Alfa Romeo just keeps on winning with the new small 71 foot Mini Maxi ‘Alfa Romeo’ winning its two first ever races just weeks after the big 100 foot maxi ‘Alfa Romeo’ won the TransPac race en route to the Sydney Hobart Race

High performance tuning concern edo competition's latest project has seen it turn to the Ferrari brand once again, reworking the Enzo supercar's V12 engine to bring its capabilities into line with Maranello's special track-only 800 bhp FXX

ItaliaspeedTV: Lamborghini Murciélago LP670-4 SuperVeloce

Fiat was able to outperform the Italian new car market's 6.16 pct rise in July, the dominant domestic carmaker selling 68,944 cars last month, led by strong performances by the Fiat and Lancia brands, which equated to a 10.98 pct improvement

Chrysler has reported a 9 percent year-on-year fall in its sales for July although this limited drop adds up to a 30 percent increase compared with the previous month which is thanks to the effects of the government's "Cash for Clunkers" scheme

Frank Williams has indicated that he will oppose Ferrari's request made to all the teams to allow Michel Schumacher a day of testing at the wheel of the F60 prior to the former seven times champion making his dramatic F1 comeback on August 23

This morning Felipe Massa left Budapest in the direction of São Paulo, Brazil, where he will arrive in the evening but before leaving the hospital, where he has been recovering after the accident last weekend he gave his first interview

Following its national Indian debut in New Delhi, the locally-built Fiat Grande Punto has been launched in Mumbai, the country's business capital, the new hatchback being introduced in the glamorous setting of the Taj Land's End, Bandra

ItaliaspeedPhotoStream: Fiat Grande Punto launch - Mumbai, India

Anton Alén capably upheld Abarth honour in Finland following the departure of Kimi Raikkonen and the Finnish youngster completed the final day's four stages to finish a strong second in Group N as well as claiming thirteenth place overall

New team JMW Motorsport fought with all their might after an early set back to their Ferrari F430 GT in the third round of the 2009 Le Mans Series at Portimao, Portugal, to take their first ever team victory and the LMGT2 Championship lead

Chrysler has confirmed as expected that production of the Chrysler PT Cruiser will continue; the model had been due to cease production this summer and extending its life further is one of the first strategic product decisions to be made by Fiat

ItaliaspeedPhotoStream: 59th Neste Oil Finland Rally - Kimi Raikkonen (Grande Punto Abarth S2000)

Former double FIA World Rally Champion Marcus Grönholm is sensationally in talks to drive a Super 2000 Grande Punto Abarth on the final round of this year's Intercontinental Rally Challenge, the inaugural Rally of Scotland

Living up to his 'Iceman' nickname, Kimi Raikkonen shrugged off his last stage roll in Finland yesterday as 'part of the sport' and said his World Rally Championship debut on the Rally Finland in a Grande Punto Abarth had been good fun

Giandomenico Basso has claimed his third win in four years on the Rali Vinho Madeira after an amazing rally long duel with Bruno Magalhães which resulted in a winning margin for the Abarth driver after 21 hotly-fought stages of just 3.5 seconds

Kimi Raikkonen’s heroic efforts at the wheel of a Grande Punto Abarth on the Rally Finland ended this afternoon as he dramatically rolled out on the final stage,in a Group N podium position despite having suffered problems with the car all day

Giandomenico Basso firmly put his stamp on the opening day in Madeira, as he seeks his third win in four years on the island, notching up eight fastest stage times to finish the marathon leg with 16 seconds in hand over his closest challenger

Kimi Raikkonen completed the opening day in Finland with a hugely impressive performance in his Grande Punto Abarth turning in a series of very fast stage times that have moved the Ferrari F1 driver up the leaderboard to fourth place in GpN

After his work in the simulator on Thursday afternoon at Maranello Michael Schumacher moved up another step with the work of physically preparing himself for the European GP by turning in 67 laps at Mugello yesterday in an F2007