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Famed 1931 Duesenberg Whittell Coupe on the block at Gooding Pebble Beach auction

Gooding & Co. is set to auction what it claims is "America's most elegant automobile," a 1931 Duesenberg Model J by Murphy, at the company's 2011 Pebble Beach auction in August. Not to be confused with any run-of-the-mill Duesenberg Model J, this particular car is known as the Whittell Coupe after its owner, California playboy Captain George Whittell Jr.

Toyota and GM recall nearly 1.3 million vehicles over airbag issues

Toyota is recalling certain RAV4, Yaris, Highlander, Tacoma, Corolla, and Matrix models in the U.S. market, part of a larger global recall campaign, for an issue that could prevent the airbag from deploying in the event of an accident. General Motors is recalling Pontiac Vibe vehicles for the same problem; the Vibe is mechanically similar to the Matrix because the two shared a platform and were built at the same plant.

Ferrari FF first year's production sold out

Ferrari S.p.A. said the first year of production of its new FF is sold out and customers who order the model now will receive their cars in the second half of 2012. Ferrari will limit production of the four-seat FF, the luxury sports car maker's first four-wheel-drive model, to 800 units a year.