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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.

Hennessey Performance CTS-V wagon breaks its own record at the Texas Mile

Everything's bigger in Texas, and it appears everything's faster, too. John Hennessey and his company, Hennessey Performance, brought its tuned-up, 707-hp Cadillac CTS-V wagon--a.k.a., the Hammer Wagon--to the Texas Mile and posted a one-mile speed of 189.7 mph, a new record for the car. And that wasn't even terminal velocity, according to Hennessey.

Mazda Furai concept sneak preview

Mazda Furai concept By Ben Whitworth First Official Pictures 12 December 2007 11:37 Mazda will pull the wraps of yet another concept car at Detroit – and has released this teaser shot to whet our appetites. Called the Furai – that’s Japanese for ‘the sound of the wind’ - the car was inspired by Mazda’s claim that on any given weekend, there are more Mazdas and Mazda‑powered racing cars in action on circuits across the United States than any other brand.Drawing design clues from racecars in the ALMS (American Le Mans Series), the Furai is underpinned by the Courage C65 chassis the company campaigned in the 2005 ALMS series, and it’s powered by a mighty 450bhp triple-rotor rotary engine. 'Furai purposely blurs boundaries that have traditionally distinguished street cars from racing cars,' says Franz von Holzhausen, Mazda’s North American director of design.