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Ferrari 599XX raises €1.4 million in Ferrari earthquake auction

The auction by Ferrari to raise funds for victims of the earthquake in the Emilia Romagna region has raised €1.8 million. The Ferrari auction to raise money for victims of the earthquake in the Emilia Romagna region in Italy only kicked off two weeks ago, but has already ended with a total of over €1.8 million raised. The vast majority of the funds raised came from the sale of the Ferrari 599XX which sold to an American buyer for €1.4 million – almost a bargain.

General Motors buys Suzuki's stake in Canadian assembly plant

General Motors and Suzuki Motor Corp. are ending their CAMI joint assembly operation in Canada, with Suzuki selling its 50 percent stake to GM in a move that severs another tie between the partners. Neither company disclosed the timing or pricing of the sale, which was announced Friday.

VW plans to sell Polo in U.S.

Volkswagen plans to sell its Polo small car in the U.S. VW development chief Ulrich Hackenberg said the automaker plans to sell the car in the U.S. to take advantage of American buyers' increasing enthusiasm for smaller, fuel-efficient cars.