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Musk says no recall after Tesla Model S fires

Following a series of collisions resulting in vehicle fires, Tesla Motor’s Elon Musk recently told Bloomberg that the electric Model S will “definitely” not be recalled by the automaker. The National Highway Traffic Safety Administration has agreed -- so far. NHTSA decided against a full investigation after the second Model S fire in October.

A heavy key chain may deactivate the airbags in your Chevy Cobalt or Pontiac G5

GM is recalling 788,000 Cobalt and Pontiac G5 sedans for a potentially deadly problem with the ignition system. When the vehicles' keys are connected to heavy key chains (or, say, key rings laden with a dozen extra keys), a sufficiently extreme jolt or impact could shift the ignition out of the "run" position and into the "off" position. Cuts electrical power to the vehicles' systems, in turn deactivating the airbags.

Ferrari auction raises funds for Japan relief

Car lovers came together for a good cause at the Italian Embassy in Tokyo on Monday. More than 200 people participated in a Ferrari charity auction, which raised more than 500,000 euros, or about $723,000 at current exchange rates. Proceeds will benefit the city of Ishinomaki, which was severely hit by the earthquake in Japan in March.