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Chevrolet Cobalt

The Cobalt is yet another Chevrolet making its debut at the Buenos Aires International Motor Show. Reviving the previously defunct name, the three-box Cobalt has been developed by GM's Technical Center in South America. Finished in a 'smoke beige' hue, the show car is said to be the result of research that showed cutomers' desire for more internal space paired with increased refinement and equipment.

Ferrari 599XX raises €1.4 million in Ferrari earthquake auction

The auction by Ferrari to raise funds for victims of the earthquake in the Emilia Romagna region has raised €1.8 million. The Ferrari auction to raise money for victims of the earthquake in the Emilia Romagna region in Italy only kicked off two weeks ago, but has already ended with a total of over €1.8 million raised. The vast majority of the funds raised came from the sale of the Ferrari 599XX which sold to an American buyer for €1.4 million – almost a bargain.

Nissan upgrades the Versa engine to add mpg

The redesigned Versa sedan that reaches Nissan showrooms later this summer will post a 30 city/38 highway mpg rating, up from the current model's 28/34 rating. The Versa still has a 1.6-liter four-cylinder engine, but the 2012 model gets a dual-fuel injector system, the first U.S. application of the Nissan technology.