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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.

Ford Focus (2015) to be priced from £13,995

By Tim Pollard Motor Industry 02 September 2014 06:00 Ford has frozen the starter price on its Focus mainstay for the new 2015 model year facelift. The news means that the Focus 1.6 Studio five-door hatch will cost from £13,995. And the Blue Oval pledges it’s not just an entry-level pricing gimmick; well equipped Titanium and Titanium X models have actually dropped on the new facelifted Focus, costing £100 less.

GM gets behind Vauxhall & Opel by dropping Chevrolet in Europe

Cars like the Chevrolet Trax (pictured) will disappear from the UK in 2015 GM has seemed to be fighting a battle with itself in the UK and Europe by marketing a broadly similar range of cars under the Vauxhall and Opel badges in the UK and Opel and Chevrolet in Europe. But unlike the VW Group, which manages to offer very similar cars from VW, SEAT and Skoda and create a different customer base, GM seems to have failed to make the marketplace work with Opel and Vauxhall competing with Chevrolet. So Chevrolet are on their way out in Europe.