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Audi R8 V10 sells for $500,000 at charity auction

Which would you pay more for--a V10-powered Audi R8 or the new Ferrari California? At the third annual Boca Raton Concours d'Elegance in Florida last weekend, the Audi R8--the first one in the United States equipped with the 5.2-liter V10--was the winner in a charity auction, selling for $500,000, well above the car's sticker price of $180,000. Meanwhile, the Ferrari California was snapped up for $350,000, a bit more than the $225,000 sticker price.

Asda starts new fuel price war

DRIVERS are set to keep some extra money in their pockets with the announcement that Asda is to cut its fuel prices. From tomorrow the firm’s forecourts will knock 2p per litre off both its unleaded and its diesel. If past trends continue, rival supermarkets Tesco, Morrisons and Sainsbury’s are expected to follow suit and reduce their own fuel prices.

2015 Ford Mustang to serve as halo car in Europe, other overseas markets

Ford Motor Co. expects that its 2015 Mustang coupe will boost its image in Europe, even though the car will not sell in large numbers. "The Mustang's formidable reputation for performance and its iconic status as a symbol of freedom and optimism precedes it even in those parts of the world where the car has never been sold," Ford of Europe CEO Stephen Odell said today in a statement.