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First 2015 retail Mustang goes for $300K

Compared to your typical Barrett-Jackson collector car auction price, $300,000 might not seem like too much--a 1967 Corvette went for $3.8 million. But with 100 percent of the proceeds going to the Juvenile Diabetes Research Foundation, $300,000 doesn't sound too shabby. On Saturday, the winning bidder ended up dishing out $300k for the first 2015 retail Ford Mustang GT, about 10 times the actual price.

BMW, Mercedes consider return to 4-bangers in U.S. market

Facing stricter fuel economy standards, BMW and Mercedes-Benz are considering bringing four-cylinder engines back to the United States. BMW stopped offering four-cylinders in 1999 when its 318ti hatchback flopped. Mercedes-Benz had four-cylinder engines on the 2005 C230 and SLK230 but dropped them in favor of six-cylinder models.

Fiat previews the 500X small crossover

Fiat gave an unexpected sneak preview of a crossover variant of its 500 minicar. The model, which will be called the 500X, will go on sale in Europe in early 2014 and shortly after in North America. Fiat brand global boss Olivier Francois showed a full-size styling model of the 500X during the media launch on the 500L small minivan in Turin, Italy, on July 4.