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Audi R8 V10 sells for $500,000 at charity auction

Which would you pay more for--a V10-powered Audi R8 or the new Ferrari California? At the third annual Boca Raton Concours d'Elegance in Florida last weekend, the Audi R8--the first one in the United States equipped with the 5.2-liter V10--was the winner in a charity auction, selling for $500,000, well above the car's sticker price of $180,000. Meanwhile, the Ferrari California was snapped up for $350,000, a bit more than the $225,000 sticker price.

Amelia Island concours celebrates birthday of fake sports car--46 years early

The fictional Italian grand marque 1958 Pignatelli sports car has joined the lineup for the 2012 Amelia Island Concours d'Elegance. The 17th-annual event will celebrate the cartoon vehicle's 100th anniversary, 46 years early, in March. "Because all but two people involved with the Amelia Island concours will be dead by 2058, we don't want to wait," concours chairman Bill Warner said.

Saab struggles with bills – Vladimir says it’s all fine

The Saab production line grinds to a halt as components run out I think we all hoped that after the long, painful transition from GM ownership in to new hands at Spyker that things would settle down and Saab would get back to making cars instead of headlines. But it seems not. Just a few days ago we had news that lifetime Saab man and CEO of Saab Jan Åke Jonsson is to step down in May, together with the news that Saab lost €140 million in 2010.