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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.

Kia Magentis (2011): the first styling sketch

The new 2011 Kia Magentis design sketch By Tim Pollard First Official Pictures 22 February 2010 11:51 This is our first look at the new 2011 Kia Magentis – a solitary design sketch showing what next year's new family car will look like.The new Magentis will be shown for the first time at the New York auto show on 2 April 2010 and Kia says it is longer, lower and wider than its predecessor. 'The new Magentis features a significantly longer wheelbase and will offer considerably more space for both people and luggage,' says the company.That, however, is the sum of the detail confirmed by Kia on its new family car.When can I buy the new Kia Magentis?Not many people will in the UK – they only sold 333 here last year. But should you want to, the new Magentis goes on sale in spring 2011 in Europe, six months after its US launch.

New baby Jaguar name to be revealed LIVE at Geneva show

Jaguar will reveal the name of its new BMW 3 Series rival LIVE during its lunchtime Geneva Motor Show press conference, CEO Dr. Ralf Speth has confirmed. “We will also show you a first teaser image of the new car,” he added.