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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.

BMW and Zagato tease next collaboration

BMW has teased the first image of its BMW Zagato roadster, the second collaboration between the automaker and the Italian design studio, which is set to be unveiled this weekend at the Pebble Beach Concours d'Elegance. Earlier this year at the Concorso d'Eleganza Villa d'Este in Italy, BMW unveiled its Zagato-designed coupe, which featured the carrozeria's signature double-bubble roof, the high, fastback Kamm tail and full, blown surfaces. The BMW Zagato Coupé was the first collaboration between Zagato and BMW, and was the first Italian-designed car to wear the blue and white propeller since the 2003 Bertone Birusa.

Volvo S60 Polestar Concept heading for LA

Volvo’s hot S60 – the S60 Polestar Concept – is heading for the Los Angels Auto Show this month. Does that mean it’s going in to production? So why are Volvo taking their potentially BMW M3 (even M5) bashing hot saloon car to the US?