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Ferrari online auction to benefit victims of Italian earthquakes

The series of earthquakes that struck northern Italy this month did much more than temporarily halt supercar production. It resulted in the deaths of at least 24 people and caused hundreds of millions of dollars in property damage. Ferrari, whose hometown of Maranello is situated in the quake-stricken region, will conduct an online auction and contribute proceeds to the families of earthquake victims.

Bugatti Veyron Grand Sport ‘L’Or Blanc’: It’s a ‘Potty’ Veyron

The porcelain-enhanced Bugatti Veyron Grand Sport 'L'Or Blanc' You could argue that every Bugatti Veyron is a rather potty car. But the Bugatti Veyron Grand Sport ‘L’Or Blanc’ is even more potty than usual – it’s got bits of porcelain all over the car. That’s porcelain as in ceramics; the stuff your best China is made from, that goes on the walls in the kitchen and bathroom and insulates power stations.

Daimler agrees to unload remaining Chrysler stake

Daimler AG announced today that it has reached an agreement to unload its remaining 19.9 percent stake in Chrysler LLC. "Daimler's remaining 19.9 percent shareholding in Chrysler will be redeemed, and Daimler will forgive repayment of the loans extended to Chrysler, which were already written off in the 2008 financial statement," Daimler said in a prepared statement. All told, Daimler will write off $700 million as a result of the deal, according to the statement.