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U.S. vehicle sales rise 2 percent in April

UPDATED: U.S. light vehicle sales rose 2 percent in April to 1.2 million units, slightly above analysts' expectations, as consumers continued to snap up new cars and other fuel-efficient models at a faster clip than trucks and SUVs. In another sign the U.S.

MINI confirms details of engines for new 2014 Cooper and Cooper S

MINI MINI has confirmed a slew of technical details for the next-generation MINI family, the first of which will be shown later in autumn 2013. A mix of three- and four-cylinder engines will be available in the new MINI, all sporting the latest tech to keep the brand's fun quotient up and fuel consumption and emissions down. So turbocharging is common across the range, and petrol engines employ direct fuel injection for precise metering of unleaded.

1957 Ferrari sells for record $12.1 million at auction

A 1957 Ferrari 250 Testa Rossa once again blew away the competition, setting a world record for cars sold at auction when it fetched an eye-popping $12.1 million on Sunday at an event on the grounds of the Ferrari factory in Maranello, Italy. The Testa Rossa was one of just 22 produced from 1957 to 1958, and the Scaglietti design is marked by prominent pontoon fenders. The cars also were successful racers, winning 10 of the 19 international races they entered from 1958 to 1961.