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Filed under: Concept Cars, Coupe, Performance, Europe, Toyota As if turbos weren't enough. Gazoo Racing (full name: Gazoo Racing Masters of Nürburgring) has unveiled a concept racing version of the famed Toyota GT86 that features both a turbocharger and a supercharger to offer up 320 horsepower and 310 pound-feet of torque. The car, officially called the Sport FR Concept, oozes high performance out of its fenders and includes Gazoo brakes, spoilers and suspension tuning, according to FT86Club.com. However, few specifics were available. Toyota teamed up with Gazoo earlier this year to help jump start it's small-displacement engines. Earlier this year, Toyota gave the green light to the iQ Supercharger. Gazoo was expected to build about 100 of those cars.Gazoo Racing drums up twincharged 320-horsepower Toyota GT86 originally appeared on Autoblog on Wed, 16 May 2012 19:59:00 EST. Please see our terms for use of feeds.Permalink | Email this | Comments

NEW YORK (Reuters) - Authorities on Wednesday broke up an international car theft ring that used the streets of New York "as one giant showroom" to stalk more than $1 million in luxury cars and steal them for sale in Africa, the New York state attorney general said.

Filed under: Motorsports, Earnings/Financials, UK, MISC Lola may not be a name recognized by the average consumer, but racing fans will know it well. The British concern has built and continues to build race cars that have spanned an enormous variety of series and disciplines since its founding in 1958, including (but not limited to) Formula One, Le Mans, CART and just about every formula feeder series you could think of, including Formula Two, Formula 3, Formula 3000, Formula 5000 and A1GP. Now, unfortunately, the company is filing for bankruptcy protection. The reasons are pretty simple: too many expenses and not enough revenue, although tax credits it was due from the British government are also said to be partially to blame. As a result, the outfit responsible for - among numerous other accolades - five LMP2 titles at Le Mans since 2000 alone is entering financial administration as it seeks new investors. Along with it, Lola Cars is taking Lola Composites, however the effect this might have on its concerns in defense and aerospace (among other areas) remains to be seen. As is the future of the SP/300.R track car which Lola builds for Caterham, or the countless racing teams that continue to count on Lola to build and support their sports prototypes. But with so many racing programs at stake, we can hardly imagine the company's considerable capabilities and expertise will go unclaimed for long. Scroll down for the official announcement.Continue reading Lola files for bankruptcyLola files for bankruptcy originally appeared on Autoblog on Wed, 16 May 2012 18:02:00 EST. Please see our terms for use of feeds.Permalink | Email this | Comments

Filed under: Motorsports, Coupe, Performance, Etc., Europe, Lexus, Toyota, Racing Toyota and Lexus are gearing up for this year's Nüburgring 24 Hours. The two companies plan to take to the track with a total of five entries, including four Toyota GT 86 race cars and one Lexus LFA. Prepped by factory tuner Gazoo Racing, the LFA will compete in the SP8 class while two of the GT 86 models will go fender-to-fender in the SP3 class. Those will be joined by two more GT 86 racers built by Toyota Motorsport and competing under the Toyota Swiss Racing Team banner in the V3 class for production vehicles. Gazoo Racing has already had a little fun at the Nüburgring this year. While competing at two shorter events at the legendary track, the LFA took home two wins. This year's 24-hour endurance race kicks off this weekend, May 17-20. The even will be streamed online here and here. Scroll down for the quick press release.Continue reading Toyota GT 86, Lexus LFA racers ready for N