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First Ferrari 458 Italia in U.S. auctioned for $530,000 to benefit Haiti

It's one thing to own a Ferrari; it's another to be the first one to own an all-new model. The first 458 Italia was auctioned off on Thursday night for $530,000 in a stunning charity gala held at a Beverly Hills estate that made the Clampett mansion look like the carriage house where the pool boy stayed. Auctioneer David Gooding donated his services and got the ball rolling at $250,000, which was more than the expected MSRP for the car of about $220,000.

BMW hires former General Motors EV expert Weber, sources say

BMW AG has hired former Opel product chief Frank Weber, sources at both companies told Automotive News Europe. It's a move that gives the world's leading luxury carmaker a huge boost in electric vehicle expertise as Weber was the lead engineer for the Chevrolet Volt plug-in hybrid. BMW plans to launch its i3 full-electric car and its i8 plug-in hybrid in 2013.

Audi TT Clubsport Quattro concept car (2007): first official pictures

By Tim Pollard First Official Pictures 16 May 2007 04:20 Audi TT Clubsport Quattro: the full lowdown Inspired by the Porsche 356, Audi has lopped the top off its TT Roadster to make this speedster version of its two-seater. The TT Clubsport Quattro, unveiled today in Austria, is a concept car to show how far the TT brand can be stretched, but officials freely admit that they are considering a limited production run. It's a TT like no other, squashed and squat, flattened to create a low-slung sports car for those living in dry climates where the occasional rain storm isn't a worry.