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Porsche and Mercedes-Benz proposals for China Family Car Project explored

Today's Chinese car industry is barely recognizable from that of 20 years ago, and the country is now the biggest market in the world. But in 1994, when the industry was still in its relative infancy, the Chinese government launched the 'China Family Car Project', inviting 20 major Western carmakers to develop proposals for a five-seat, cheap and environmentally-friendly family car for the Chinese market. The chosen proposal would be made in China under a joint venture with First Auto Works (FAW).

Sinkhole at National Corvette Museum consumes eight rare cars

Update: The National Corvette Museum has released a video of the sinkhole, which we've embedded below. Museum personnel are reportedly in the process of removing other cars from risky areas. We'll be sure to bring you more information as it becomes available.

Speed up your work with Ferrari office chairs

If you're looking for a late Father's Day gift, or maybe just a present for the CEO who has everything, a selection of exclusive Ferrari office chairs can be purchased from www.racechairs.com. The rolling, adjustable office chairs look the part, and they should, considering that they were removed from real exotics. Prices for the licensed Prancing Horse chairs start at about $5,000, with the Ferrari 16M model coming in at the sale price of $12,999.