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Ferrari online earthquake auction starts today – 599XX Evo up for grabs

To raise funds for the victims of the recent earthquake in the Emilia Romagna region of Italy, Ferrari is holding an online auction. The recent earthquake in the Emilia Romagna region of Italy is where Ferrari is based and their production was disrupted by the second of the earthquakes – measuring 5.8 on the Richter scale and claiming 17 deaths in the region – at the end of May. To help with funding for victims of the earthquake Ferrari has organised an online auction of Ferrari ‘stuff’ which kicks off this afternoon, and includes not just stuff like racing suits and helmets but a specifically built Ferrari 599XX Evo.

Toyota, BMW to cooperate on sports car

Toyota Motor Corp. and BMW are tightening technical ties with plans to jointly develop a sports car platform, lithium-air batteries and new lightweight materials. The automakers also aim to jointly develop a fuel cell system for vehicles by 2020.

VW reveals plug-in diesel hybrid concept, claims 261 mpg

Volkswagen has used a car show in the Middle East nation of Qatar to unveil a two-seat plug-in hybrid concept car that the automaker says will deliver 261 mpg. The VW XL1 uses a lithium-ion battery pack, an electric motor and a two-cylinder, 0.8-liter diesel engine for the powertrain. We're still digesting the press release, but here are some highlights: -- VW says the XL1 can travel about 22 miles on electricity from the battery pack.