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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.

Audi TT Clubsport Quattro (2008): first pictures

By Ben Pulman First Official Pictures 21 May 2008 12:34 CAR Online was first to reveal that the Speedster-inspired TT will be built, and now Audi has officially unveiled the car at the Wörthersee Tour in Austria. Called the Audi TT Clubsport Quattro, it’s an updated version of the concept of the same name seen at the same festival in 2007. And as well as a turbocharged engine producing 'more than 296bhp', today's press release claims: ‘Small-series production of this model cannot be ruled out’.

Chrysler, CAW reach tentative contract deal

The Canadian Auto Workers tentatively agreed tonight to new concessions that will save the struggling automaker $240 million annually and help the carmaker to try to avoid a bankruptcy filing, CAW President Ken Lewenza said at a news conference. In exchange, the CAW got Chrysler and potential partner Fiat SpA to agree to keep its two Chrysler assembly plants open even if bankruptcy is unavoidable, Lewenza said. General Motors and Ford Motor Co., which signed new CAW agreements earlier, have indicated their desire to get the same concessions as those negotiated with Chrysler, Lewenza said.