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Ferrari F450: Last one to be auctioned Sunday to benefit earthquake victims

In an auction featuring some of the rarest, fastest and most head-turning Ferraris ever, a brand-new F430 may be the show-stealer. The Prancing Horse said Wednesday that it is auctioning off the very last F430 to roll off the Maranello production lines at the end of the year to raise money to rebuild the central Italian region of Abruzzo, which was devastated by an earthquake on April 6. Ferrari will work with local authorities to distribute the funds.

Say Chevrolet--not Chevy--GM tells employees

From racetracks in the heartland to the iconic strains of “American Pie,” one word--Chevy--has transcended class and culture and helped raise the bow-tie brand to the lofty status as one of the most recognized in the world. But now, one of the most blue-collar and singularly American marques is going formal: General Motors has told its employees to use the world “Chevrolet” instead of the commonly used “Chevy” nickname. An internal memo distributed this week directs workers to use the official name in all communications, from official duties to simple conversations.

Caterham Seven 165 prototype stars at the 2013 Frankfurt Motor Show

2013 marks 40 years of Caterham Cars since what was originally a Lotus dealership took over production of the Series 4 Lotus Seven in 1973. Now, at Frankfurt 2013, the British manufacturer is debuting its newest model – the Seven 165 prototype – set to become the entry-level version and the lightest, most efficient Caterham ever when it goes on sale in the UK in 2014. We like the fact that you will be able to buy a Caterham for less than £17,000 and still be able to embarrass much more expensive machinery when the going gets twisty.