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Bernie Ecclestone's daughter buys pricey house in Los Angeles

After nearly three years, Candy Spelling has finally found a buyer for her Los Angeles mansion (which some would call a castle)--the daughter of Formula One commercial boss Bernie Ecclestone. Petra Ecclestone, 22, will be the new owner of the 57,000-square-foot home in Holmby Hills, according to the Wall Street Journal. Spelling was asking $150 million for the joint, which puts it among the most expensive homes in the country, according to the newspaper.

Italian design house Bertone nearing bankruptcy

The Italian design house Bertone is reportedly nearing bankruptcy again, according to a report from Autocar. The carrozzeria has experienced financial problems in 2008 and 2013, and even though it generated more than €20 million, or approximately $28 million, last year, the company reportedly laid off 160 employees recently. At least 30 workers who have been laid off have taken action against the company, seeking to recover monies owed to them.

Jaguar XKR-S Convertible: The quickest convertible Jag ever

Jaguar XKR-S Convertible - the fastest ever drop-top Cat Jaguar confirmed last week that they were taking the convertible version of the XKR-S to the Los Angeles Auto Show for a debut in the sun this week. And here it is. Resplendent in an LA friendly trendy white paint job, the XKR-S Convertible looks for all the world exactly what we’d expect – an XKR-S with a soft top.