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Fiat Panda

Fiat is poised to reveal an all-new Panda, the third generation of the successful city car that has been a mainstay in the company's lineup or the last 31 years. The new Panda is an evolutionary design that Fiat claims has ‘reached full maturity'. By drawing inspiration from the most up-to-date trends, the design team has softened the overall look of the car, which measures in a 3650mm in length, 1640mm wide and 1550mm high.

Ford Edge gets $200 price cut

Ford Motor Co. said Tuesday that the 2011 Edge crossover will start at $27,995 including shipping. That's about $200 less than the 2010 model, although Ford added more power to the 2011 base engine.

1957 Ferrari sells for record $12.1 million at auction

A 1957 Ferrari 250 Testa Rossa once again blew away the competition, setting a world record for cars sold at auction when it fetched an eye-popping $12.1 million on Sunday at an event on the grounds of the Ferrari factory in Maranello, Italy. The Testa Rossa was one of just 22 produced from 1957 to 1958, and the Scaglietti design is marked by prominent pontoon fenders. The cars also were successful racers, winning 10 of the 19 international races they entered from 1958 to 1961.