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Ferrari F450: Last one to be auctioned Sunday to benefit earthquake victims

In an auction featuring some of the rarest, fastest and most head-turning Ferraris ever, a brand-new F430 may be the show-stealer. The Prancing Horse said Wednesday that it is auctioning off the very last F430 to roll off the Maranello production lines at the end of the year to raise money to rebuild the central Italian region of Abruzzo, which was devastated by an earthquake on April 6. Ferrari will work with local authorities to distribute the funds.

Exclusive: Frank Stephenson to become Design Director at McLaren

Thanks to our contacts in the automotive design community, we've become aware that Frank Stephenson, who until recently was Director of Design at Alfa Romeo, will be taking on a new role as Design Director at McLaren. "McLaren is pleased to confirm that Frank Stephenson will shortly join as Design Director," a company spokesperson told CDN, but would not reveal additional details. Stephenson was not prepared to comment.

GM to build small Cadillac in Michigan

UPDATED -- General Motors Co. will spend $190 million in a Michigan plant to build a small sedan for Cadillac, the automaker said Thursday. GM CEO Dan Akerson made the announcement at the Lansing Grand River assembly plant.