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First Ferrari 458 Italia in U.S. auctioned for $530,000 to benefit Haiti

It's one thing to own a Ferrari; it's another to be the first one to own an all-new model. The first 458 Italia was auctioned off on Thursday night for $530,000 in a stunning charity gala held at a Beverly Hills estate that made the Clampett mansion look like the carriage house where the pool boy stayed. Auctioneer David Gooding donated his services and got the ball rolling at $250,000, which was more than the expected MSRP for the car of about $220,000.

Fitness-focused autonomous vehicle pedals to victory in Interior Motives Design Awards

Earlier tonight, on the eve of the first Paris Motor Show press day, the world's top designers and automotive journalists assembled at L'Espace Clacquesin in Paris to witness sponsors Ford and Volkswagen announce the 2014 Interior Motives Student Design of the Year: ‘Life Cycle' by Jason Chen and Dirk Wan of the College for Creative Studies in Detroit, USA. Launched in January of this year and themed ‘Beyond Styling: a Design for Life', the competition asked students to create projects around three diverse but specific briefs: ‘Beyond Autonomous', which posed the question of what would happen if we were to combine the latest developments in computing and robotics with automobile design; ‘An Interior for Life', in which students were asked to focus on one feature or element of a car's interior and adapt it for dual use in a user's ordinary life; and ‘Pickup Truck of 2030', which challenged the young designers to extrapolate what the future might hold for this popular and versatile mode of transport. This year's contest attracted more than 200 entries from students based at 57 schools in 24 different countries.

KTM's four-wheeled future

By Ben Purvis Motor Industry 25 February 2008 11:26 KTM's X-Bow track day car is just the start of a five-model line-up that will include Dakar and Le Mans endurance racers. Stefan Pierer, the youthful-looking 51 year-old CEO of KTM, has revealed to CAR how he intends to turn his company into the Austrian equivalent of Lotus. The unveiling of the production version of the Audi-engined, carbon-monocoque X-Bow at the Geneva Motor Show on March 4 2008 is exactly one year on from the first showing of the prototype.