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First Ferrari F12 in U.S. goes for $1.125 million

The first Ferrari F12 Berlinetta in the United States was sold on Saturday at the Formula 1 U.S. Grand Prix in Austin, Texas for $1.125 million. The auction benefited Hurricane Sandy victims.

Show Review: Art Center Car Classic 2007

For those of you who haven't yet attended, Art Center's Car Classic is rapidly becoming the talk of the concours circuit. Held during the middle of the summer trimester at the main Hillside campus in Pasadena, it was started just three years ago and is gaining quite a following not only because of its intimate setting in which to admire the cars but also because attendees rub shoulder-to-shoulder with a variety of current and past industry designers and celebrities. To this fellow automotive enthusiast and Art Center alumnus at least, the Car Classic likens itself most to Lord March's Festival of Speed and Goodwood Revival in the UK.

Ford posts $2.4 billion profit

Ford Motor Company reported a profit of $2.4 billion on revenues of $35.5 billion, excluding Volvo, during the second quarter, the automaker said Tuesday. A year ago, Ford posted net profits of $2.6 billion on revenue of $35.07 billion, including Volvo. Excluding Volvo, Ford's revenue in the second quarter of 2010 was $31.3 billion.