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Policy, green cars take center stage at Washington auto show

Public policy and the ultimate impact it has on consumers' cars was the hot topic on Thursday at the Washington auto show, as companies vied to show off and explain their latest fuel-efficient technologies under the watchful eyes of regulators and government officials. Notably, Chevrolet announced plans to roll out an "Ecologic" environmental label on the 2012 Sonic, with other vehicles to follow. Sort of like nutrition labels for food, Chevy's version will explain the environmental impact of cars throughout their life cycles.

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.

Saab seeks court protection from creditors

Saab is filing for protection from creditors from a Swedish district court, the automaker's owner, Swedish Automobile, said Wednesday. Saab is seeking court approval for a voluntary reorganization to secure short-term stability while it waits for funding from Chinese investors Pang Da and Zhejiang Youngman, Swedish Automobile said in a statement. Victor Muller, CEO of both Saab and Swedish Automobile, said in a statement: "We have concluded that a voluntary reorganization process will provide us with the necessary time, protection and stabilization of the business, allowing salary payments to be made, short-term funding to be obtained and an orderly restart of production to be prepared." Muller remains optimistic about Saab's future.