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First Ferrari 458 Italia in U.S. auctioned for $530,000 to benefit Haiti

It's one thing to own a Ferrari; it's another to be the first one to own an all-new model. The first 458 Italia was auctioned off on Thursday night for $530,000 in a stunning charity gala held at a Beverly Hills estate that made the Clampett mansion look like the carriage house where the pool boy stayed. Auctioneer David Gooding donated his services and got the ball rolling at $250,000, which was more than the expected MSRP for the car of about $220,000.

Swedish sports-car maker Koenigsegg may buy Saab

General Motors has chosen Swedish luxury sports car maker Koenigsegg Automotive AB as the preferred bidder for the Saab brand, news reports said. Koenigsegg and Norwegian investors have signed a letter of intent to take over Saab, Swedish television said Thursday, attributing its report to unnamed sources. "The deal is there now and a few minor details remain," a source told Reuters.

Police advocate 'role reversal' for cyclists and truckers

BRITAIN’S most senior police officer has advocated a scheme to improve cyclists' and lorry drivers' understanding of each other's needs on the road following a spate of deaths. Metropolitan Police commissioner Sir Bernard Hogan-Howe said drivers and cyclists need to think about how they use the road. Speaking on LBC 97.3, he said: "It's a tragedy that we've had so many deaths in the last few days.