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Toyota halts Lexus GX460 sales worldwide

The 2010 Lexus GX460. Sales have been halted due to safety concerns 2010 is turning in to Toyota’s ‘Annus Horribilis’. Its formerly untouchable reputation for producing bullet-proof cars has been severely damaged by the ‘ThottleGate’ problems, with more damage to Toyota’s reputation being caused by their failure to address a problem they seemed to be all too aware of, rather than the problem itself causing the damage.

Battery breakthrough set to accelerate electric-car development

A team of scientists working at the Massachusetts Institute of Technology are claiming a significant breakthrough in recharging times for lithium-ion batteries. According to findings published in the scientific journal Nature, MIT researchers Byoungwoo Kang and Gerbrand Ceder have unlocked the potential of lithium-ion batteries by patenting a unique process which is claimed to allow a typical laptop power pack to be fully recharged in less than a minute--an improvement in recharging performance of roughly 90 percent over existing lithium-ion batteries. Lithium-ion batteries generate electric current via the flow of lithium ions across an electrolyte, from an electrode to a cathode.

RM auction in Monaco rakes in $45.1 million

Call it the Feast of Ferrari. Led by a stunning lineup of rare and classic automobiles wearing the Prancing Horse, sales at the RM auction in Monaco on May 1 totaled more than $45.1 million. The highest seller at the event was a 1962 Ferrari 400 Superamerica Cabriolet Pininfarina AWB, which sold for $3.8 million, a record for Superamericas, RM said.