Hungary's KAMM specializes in Porsche 912 restorations and modifications. The company's latest offering is a full carbon-fiber body for the 912 that brings weight down to just 1,541 pounds, taking 662 pounds out of the sports car.

Nio's current portfolio of electric vehicles are priced to compete with models from BMW and Mercedes-Benz, but the company wants to launch two new brands to target the more affordable end of the EV market. The first of these, dubbed Firefly, will focus on small EVs and is due to enter Europe as soon as 2025.

An original 1965 Shelby 427 Competition Cobra is headed to auction, and will likely fetch millions. The Competition Cobras already impress with their rarity, but the particular example headed to auction was also driven by three Formula 1 drivers, including to a race win.

You'll find these stories and more in today's car news, right here at Motor Authority.

This carbon-bodied Porsche 912 weighs less than 1,600 pounds

Nio to establish Firefly and Alps brands for affordable EVs

Shelby Cobra raced by three F1 drivers heads to auction

Review: 2024 Range Rover

Schwarzenegger-owned Mercedes-Benz Unimog heads to auction

France looks local, excludes China with new EV incentive

1963 Chevy Corvette Harley Earl Styling Car heads to auction

Review: 2024 BMW 2-Series

2024 Infiniti Q50 turns 10 and gets a price rise

US EV sales are growing, but so is the gasoline fleet