Unlike the up-and-coming Nissan GT-R, we actually know something about the next Mitsubishi EVO. Although still labeled the Concept X (“ex”) and not the EVO X (ten), the prototype is “unofficially” 90 percent of what the production car should be. Not only in terms of the exterior, but also mechanically.

It will be a dramatic departure from econo-box roots of previous Evolutions— more so than any previous model change. Mitsubishi is targeting a more affluent market with the new EVO, in an effort to boost sales and better justify the price. That means more refinement and techno-gadgets for the sissy drivers that can’t drive but still want to be fast. This might finally be the car that takes down the mighty M3—with both its looks and its guts this time.

After 13 years and endless rallies around the world, the cast iron 4G63 is finally being retired. A new, reverse mounted (turbo against the firewall), all-aluminum, turbocharged and intercooled motor will replace the old workhorse—although the turbocharger itself will remain fairly unchanged. The new mill will still displace 2 liters to meet WRC regulations and will still be bound to a peak output of 276 bhp, thanks to tree-huggers, lobbyists and politicians. Yes, they have them in Japan too.

The first images of the 2007 Koenigsegg CCX surfaced over the weekend. The Swedish supercar is expected to cost around $650,000 and have more power than its predecessor, the CCR, which has 806 hp. While official details will not be released for at least a week, the CCX is widely believed to take aim at the Bugatti Veyron for the tile of "World's Fastest Car."

(CBS) MALIBU, Calif. A section of Pacific Coast Highway was closed Tuesday after a single-vehicle car crash, officials said.

Paramedics were sent to P.C.H. at Decker Road at 6:15 a.m., Los Angeles County Fire Department Inspector Ron Haralson said.

The vehicle, a Ferrari, may have been traveling at nearly 200 mph and was badly damaged. One person suffered a minor injury and was treated at the scene.

The cause of the accident was under investigation, according to a deputy at the Malibu/Lost Hills Sheriff's Station, who said the motorist's whereabouts were unknown.