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Motorists Still Paying A High Price At The Pumps

THE LATEST report from the AA highlights the depressing fact that motorists continue to cough up when filling up at the pumps. According to the motoring organisation, average petrol prices at the pumps are staying "stubbornly above" 130p a litre despite discounts in many areas. While a number of fortunate motorists have been getting petrol for around 128p a litre of late, the average price nationwide is 130.46p a litre, the AA said.

Ford warms up new era of car-guy leaders

A minor temblor shook Dearborn, Mich., today with the announcement that Mark Fields, president of the Americas, climbed the golden corporate ladder to grab the chief operating officer ring, setting him up to succeed Alan Mulally in a couple of years. The move did not come as a shock-it only confirmed the whispers of auto industry Royal Watchers. The biggest news for those who care about cars, however, is two-fold: Jim Farley, Ford's global marketing boss, also takes the helm of Lincoln.

Audi R8 V10 sells for $500,000 at charity auction

Which would you pay more for--a V10-powered Audi R8 or the new Ferrari California? At the third annual Boca Raton Concours d'Elegance in Florida last weekend, the Audi R8--the first one in the United States equipped with the 5.2-liter V10--was the winner in a charity auction, selling for $500,000, well above the car's sticker price of $180,000. Meanwhile, the Ferrari California was snapped up for $350,000, a bit more than the $225,000 sticker price.