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First 2015 retail Mustang goes for $300K

Compared to your typical Barrett-Jackson collector car auction price, $300,000 might not seem like too much--a 1967 Corvette went for $3.8 million. But with 100 percent of the proceeds going to the Juvenile Diabetes Research Foundation, $300,000 doesn't sound too shabby. On Saturday, the winning bidder ended up dishing out $300k for the first 2015 retail Ford Mustang GT, about 10 times the actual price.

Underground Racing Lamborghini crashes at Texas Mile, driver survives

WITH VIDEO -- Underground Racing, the Charlotte, N.C., tuning shop that broke the 250-mph mark with a twin-turbo Lamborghini Gallardo in Texas last spring, saw that car crash on Oct. 23 after making another run at the Texas Mile high-speed challenge. Video of the run, posted on YouTube, shows the orange Gallardo passing the 1-mile marker on the closed runway, deploying a parachute and veering to the right and off the runway.

Toyota Yaris Hybrid (2012) first official pictures

This is the new Toyota Yaris Hybrid, and although it’s been unveiled on the same day as the world’s motoring media descends upon Detroit for the 2012 North American International Auto Show, it's not there. Instead, the new Toyota Yaris Hybrid won’t actually appear until the Geneva show in early March 2012. Presumably the Toyota Yaris Hybrid is even cleaner and greener than the pious Prius?