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Audi denies high price hits sales of new A1

Audi denied suggestions that its new A1 entry-premium car is losing sales because it is priced too high. Audi dealers and industry observers believe the A1 is failing to attract an expected rush of customers because it costs too much for its target group of young people, according to Automobilwoche. The A1's starting price is 15,800 euros ($20,873) in Germany.

Ferrari 250 GTO #3851 GT disappoints at $38 million

The Ferrari 250 GTO #3851 GT makes ‘just’ $38 million Last month, we reported that a Ferrari 250 GTO was due to hit the auction room at Bonhams Quail Lodge sale and was expected to hit a massive record price, with estimates ranging from $60-100 million. On that basis, the sale was a complete failure. In fact, the 250 GTO – previously owned by Fabrizio Violati – managed to reach a relatively paltry $38.1 million (£22.8 million), with the actual price (before buyers premium) ‘just’ $34.6 million (£20.7 million).

Ford police utility vehicle set for patrol

WITH VIDEO -- Do cops like crossovers? Ford is about to find out: It will offer a utility vehicle based on the 2011 Explorer as part of its police portfolio for forces across the nation. Officially called the Police Interceptor utility vehicle, the crossover complements the Taurus-based sedan in Ford's police lineup for late 2011.