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Toyota recalls some RAV4 and Highlander models for airbag problem

Toyota is conducting a voluntary U.S. safety recall for certain 2007 and 2008 RAV4 models and 2008 Highlanders for a problem with airbag sensors. About 214,000 RAV4s and 94,000 Highlanders and Highlander HVs will be recalled.

Ferrari 250 GTO #3851 GT disappoints at $38 million

The Ferrari 250 GTO #3851 GT makes ‘just’ $38 million Last month, we reported that a Ferrari 250 GTO was due to hit the auction room at Bonhams Quail Lodge sale and was expected to hit a massive record price, with estimates ranging from $60-100 million. On that basis, the sale was a complete failure. In fact, the 250 GTO – previously owned by Fabrizio Violati – managed to reach a relatively paltry $38.1 million (£22.8 million), with the actual price (before buyers premium) ‘just’ $34.6 million (£20.7 million).

Volt, Leaf win top safety rating in crash test

The 2011 Chevrolet Volt and Nissan Leaf electric cars won the highest safety ratings in crash tests performed by the Insurance Institute for Highway Safety, putting them in the top 57 percent of models tested so far this year. About 80 of 140 vehicles tested among 2011-2012 models have received the Institute's "top safety pick," the group's award for state-of-the-art crash protection that exceeds federal safety rules, Institute spokesman Russ Rader said. The Volt and Leaf received a "good" rating -- the highest of four rankings -- on each of four crash tests, said the Institute, which is funded by auto insurers including State Farm, All-State and Geico.