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Audi R8 V10 sells for $500,000 at charity auction

Which would you pay more for--a V10-powered Audi R8 or the new Ferrari California? At the third annual Boca Raton Concours d'Elegance in Florida last weekend, the Audi R8--the first one in the United States equipped with the 5.2-liter V10--was the winner in a charity auction, selling for $500,000, well above the car's sticker price of $180,000. Meanwhile, the Ferrari California was snapped up for $350,000, a bit more than the $225,000 sticker price.

Ford sales rise 40 percent, Chrysler up 61 percent as industry rebounds

Ford Motor Co. posted a 40 percent increase in U.S. sales last month and Chrysler Group soared 61 percent as the industry showed signs of rebounding from an August slump.

Drayson Racing aiming for Electric car World Land Speed Record

The Drayson B12 69/EV – heading to RAF Elvington to break the EV land speed record. One of the best uses for electric car technology is to deliver copious amounts of instant torque for track cars – far more than an ICE engine manages – and Drayson Racing Technology is aiming to prove how much that electric power can help by taking its Drayson B12 69/EV to RAF Elvington on 25th June to attempt to break the land speed record for an EV. That record – 175mph – has stood since 1975 (which probably shows how little EV technology has really moved on in the last 40 years), but the low-drag version of the Drayson electric Le Mans prototype is aiming to break that down the 1.86 mile runway at Elvington.