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What does owning a car really cost you?

Not many things are more terrifying than looking at your bank statement every month to see how badly you blew it. But aside from the day-to-day expenses, ever wonder where exactly all of your money is going? Our friends at The Wall Street Journal's MarketWatch site say that AAA's annual report on driving costs for 2013 suggest that it's your car sucking the life out of your bank account.

Vehicles connect at Michigan International Speedway

The Michigan Department of Transportation and Michigan International Speedway have joined forces to help in the development of a connected-vehicle system. In the future, it will help cars communicate with each other on the road to avoid crashes and increase safety. The speedway, located in Brooklyn, Mich., will allow organizations such as the Connected Vehicle Proving Center and the Center for Automotive Research to use the track as a test road for the new technology.

Donato Coco Appointed Director of Design for Lotus Group

After his non-publicized departure from Ferrari earlier this year, in which Flavio Manzoni was appointed to take his place, Donato Coco has now resurfaced. Lotus has announced Coco's appointment to Director of Design for Group Lotus starting January 4, 2010. In this newly created role, Coco, an Italian national, will lead all Lotus Design activities for Lotus Cars and Lotus Engineering.