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Bernie Ecclestone's daughter buys pricey house in Los Angeles

After nearly three years, Candy Spelling has finally found a buyer for her Los Angeles mansion (which some would call a castle)--the daughter of Formula One commercial boss Bernie Ecclestone. Petra Ecclestone, 22, will be the new owner of the 57,000-square-foot home in Holmby Hills, according to the Wall Street Journal. Spelling was asking $150 million for the joint, which puts it among the most expensive homes in the country, according to the newspaper.

BMW: Carbon fiber goes high volume in 2013

BMW AG plans to begin high-volume production of carbon fiber parts in two years, making it a strong contender to be the first automaker to move beyond limited-edition use of the exotic material. But Daimler AG, which has taken steps aimed at making carbon fiber parts in 2012, is among the automakers racing toward the same goal. In 2013, BMW will start building the i3 electric car, a vehicle that features a passenger cell--the protective shell around the passenger compartment that ensures the integrity of the vehicle in a crash--made of plastic reinforced with carbon fiber.

New Mercedes V-Class MPV revealed

The new Mercedes V-Class MPV (pictured) offers a more car-like experience The new Mercedes V-Class is the replacement for the Mercedes Viano, and Mercedes hope potential buyers will view it as a luxury MPV with proper Mercedes passenger car appeal but with room for up to eight passengers. It seems likely Mercedes are also hoping the new V-Class will attract former buyers of the now defunct R-Class, families who’ve outgrown a family car and business users too. If you can get over looks that still say ‘Van with Windows’ despite a complete makeover from the Viano (although the Viano Vision Diamond offered a very upmarket look and fittings), Mercedes should be in with a fighting chance of hitting the mark with the new V-Class.