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California car dealer buys cache of Ferraris

A collection of 21 Ferraris has changed hands, and it's headed for the United States. Car collector Tom Price, owner of Price Family Dealerships in Marin County, Calif., bought 21 classic Ferraris. The collection hit the market last year as Dutch vehicle-distributor Kroymans entered into bankruptcy.

Concept Car of the Week: Plymouth XNR (1960)

In the early ‘50s, both GM and Ford offered attractive and exciting sports cars, symbols of a proud post-war America. Ford had the Thunderbird and GM the Corvette, but Chrysler's approach was more pragmatic, producing cars that were practical and robust but also slow. After commissioning a long series of concepts designed by Italian carrozzeria Ghia, Chrysler gave a free hand to its design chief Virgil Exner to inject some life into its lineup.

Detroit will be back, Schwarzenegger tells SAE conference

Borrowing his most famous movie line, California Gov. Arnold Schwarzenegger stepped into the heart of the domestic car industry today, declaring that the Detroit automakers will recover from the economic crisis. "Yes, they're wiped out.