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Record-setting Ferrari hydroplane heads for RM's Monaco auction

A record-setting Ferrari-powered 1953 hydroplane, ARNO XI, will cross the block in May at the RM Auctions event in Monaco. The hydroplane set the speed record for a boat of its size on Lake Iseo in northern Italy, running up to 150.19 mph. Designed and built by Achille Castoldi—a friend of Ferrari Grand Prix drivers Alberto Ascari and Luigi Villoresi—convinced Enzo Ferrari to provide knowledge and technical assistance to help develop the world-record-holding boat.

Ford cars become personal valets

It's alive! Well, sort of. Ford has developed a car that can not only seek out empty parking spots, but park itself, too—all sans driver.

New 2015 Volkswagen Passat detailed ahead of July reveal

The 2015 VW Passat (pictured) is lighter and more economical The eighth generation Volkswagen Passat is detailed today by VW with design sketches and the news that the all-new Passat will lose 85kg in weight and get more economical engines. Due to be revealed in the metal in July – and debuting at the Paris Motor Show in October – the new Passat will go on sale before the end of 2014 with first deliveries in early 2015. Thanks to a weight loss of upt 85kg – achieved by using high-strength, hot-formed steel and aluminium in some areas – the new Passat will offer fuel efficiency improved by up to 20 per cent and, although the exterior dimensions of the new Passat are slightly smaller than the current model, the new Passat will offer more room for passengers and luggage.