10 Cheapest Sports Cars of 2012

NEW YORK (TheStreet) -- A good summer sports car will blow other cars off the line. A great one will do it without blowing away your bottom line. That summer sun gives drivers an urge to cruise and a need for speed. Unless you're planning on driving the Grand Prix circuit at Monaco with the rest of the world's high-priced playthings, though, there's no need to drop six figures on a Maserati ...

Ferrari recalls 74 sports cars to fix faulty crankshafts

Ferrari says the parts were machined incorrectly in the engines of its 2011 and 2012 California and 458 Italia models, which sell for $200,000 or more. Here's a big oops for Ferrari, the maker of megabucks sports cars: It made a mistake making the crankshafts for the engines in its California and 458 Italia models and now will have to repair or replace them, depending on what the owners prefer.

BUILDER OF SPORTS CARS, U.S. RACING IMAGE

Carroll Shelby, a Texas chicken farmer turned hot-rodder who went on to build innovative sports cars that challenged Europe’s longtime dominance of road racing, as well as high-performance versions of production cars such as the Ford Mustang, died on Thursday in Dallas. He was 89.

The Fastest and Most Fuel-Frugal Sports Cars

"High performance" and "fuel efficient" need not be mutually exclusive terms, thanks to some truly quick cars that get surprisingly respectable mileage.

Carroll Shelby dies at 89; champion driver, famed designer gave sports cars their muscle

Carroll Shelby, a failed chicken farmer who roared out of the hills of East Texas to become a champion race car driver and the father of the muscle car, building some of the fastest and sleekest sports cars ever to hit the highway, died May 10 at age 89.