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Ferrari F450: Last one to be auctioned Sunday to benefit earthquake victims

In an auction featuring some of the rarest, fastest and most head-turning Ferraris ever, a brand-new F430 may be the show-stealer. The Prancing Horse said Wednesday that it is auctioning off the very last F430 to roll off the Maranello production lines at the end of the year to raise money to rebuild the central Italian region of Abruzzo, which was devastated by an earthquake on April 6. Ferrari will work with local authorities to distribute the funds.

Fisker about to be bought by Volvo’s Chinese owner Geely?

It’s reported that China’s Geely – which bought Volvo from Ford – is about to take a majority stake in Fisker Automotive. But Fisker has run in to big problems when its battery supplier - A123 Systems – went bust leading to Fisker production grinding to a halt. That has now been resolved with China’s Wanxiang Group buying up A123 Systems and it looks like Fisker is heading East too with Geely set to grab a majority shareholding.

Parents 'taxi drivers' for their children

PARENTS spend around six months of their lives playing taxi driver for their children, a poll has found. A new survey claims that the average mum and dad clocks up around 30 miles a week ferrying their youngster to school, to clubs and to see friends, spending around three-and-a-half hours in the car. It means that the average parent racks up around 26,741 miles driving their child around between the ages of three and 20, and spends around 3,147 hours behind the wheel, according to Goodyear, which commissioned the poll.