Grand Prix of America bringing F1 to New Jersey in 2013

That things happen fast in Formula One is a given. But just how fast things can turn around is also liable to twist your head around at breakneck speeds.

While the United States has not hosted a Formula One grand prix since 2007, within two years' time it will once again host two. The first we already know about: the United States Grand Prix will join the calendar next season in Austin, Texas (of all places) at the purpose-built Circuit of the Americas. But after much anticipation, officials today announced a second grand prix to be held here in the U.S. along the banks of the Hudson River.

The race, officially to be known as the Grand Prix of America, will be held on a new 3.2-mile street course being carved out of the New Jersey towns of West New York and Weehawken, offering the New York skyline as a panoramic backdrop. The grand prix is currently scheduled for June 2013, when it is expected to draw upwards of 100,000 race fans.

Edo Competition tricks out the Porsche Panamera

The Porsche Panamera doesn't need much help in the performance department. Styling may be another matter, however. German tuning house Edo Competition has tackled both with its latest tuning kit.

Starting with the Panamera S, the package called Hellboy takes output from the 4.8-liter V8 up from 395 horsepower to 459 for a 4.6-second sprint to 62 and a 191-mile-per-hour top end. The rest of the package is rounded out with 21-inch alloys mounted to a suspension that's been lowered by 30mm, plus a full carbon fiber aero kit and a retrofitted interior.

We're not sure it helps the Panamera in the areas it needs it most, but juxtaposed to the, um, rather "decorated" girl with which it's photographed in the high-res image gallery (pay special attention to the text on her legs), it's suddenly looking quite tasteful by comparison.

Lexus unveils 2013 GS 350 F Sport ahead of SEMA

Over at Lexus, F stands for performance. Think F as in LFA. Think F as in IS-F. And think F as in F Sport, the series of kits that ever so subtly change a Toyota luxury vehicle's attitude from sedate to sporty. So if you thought the new Lexus GS sedan could use a shot of adrenaline, we've got good news for you, as Lexus has just revealed a new F Sport package for the GS 350 that will make its debut next week at SEMA.

The package encompasses a new set of 19-inch wheels, sport-tuned adaptive suspension, thicker anti-roll bars, new bushing, and bigger brakes up front. Variable steering is also included for rear-drive models, while the interior gets a new driver's seat, unique trim and available red leather.

Cap that off with a more aggressive aero kit and the GS is transformed, if not into an outright performance sedan – the 3.5-liter V6 remains unchanged, after all, at 306 horsepower – then into something a little more aggressive than what you'd expect to see in the local diner parking lot at five p.m. Check it out in the press release after the jump and the high-res images in the gallery for a closer look.