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U.S. is seeking a record $16.4 million fine against Toyota

The National Highway Traffic Safety Administration is seeking a historic $16.4 million civil penalty against Toyota for failing to notify the agency in a timely fashion of a throttle problem that could cause unintended acceleration, Transportation Secretary Ray LaHood said on Monday. The amount is the maximum penalty and would be the most NHTSA has levied against an automaker. The agency said Toyota waited at least four months to alert it of the potential pedal problem.

1957 Ferrari 250 TR (Testa Rossa) smashes world auction record

Ferrari 250 TR - Reached a world record price at today's Leggenda e Passione sale at Maranello We brought you news back in February that high-end Car Auctioneers R.M. Auctions were offering for sale an extremely rare 1957 Ferrari 250 Testa Rossa at the Ferrari Leggenda e Passione sale in Maranello today. Well, the sale went as planned, because the Ferrari 250 TR sold for a world auction record €9,020,000, beating the previous record by €1,980,000.

Lexus LS: Still loves a Champagne glass

Lexus LS - Still loves a Champagne Glass Back when Lexus was born as the posh Toyota, Toyota’s advertising bods had to convince the American public that Lexus was more than just a big Toyota – with an even bigger price tag. The pitch was that this new Lexus LS would give you highway smooth – just like a big, lazy ‘Mercan V8 – and brilliant build quality, and all for less than a Mercedes S Class. Which was the target.