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Ferrari 599XX raises €1.4 million in Ferrari earthquake auction

The auction by Ferrari to raise funds for victims of the earthquake in the Emilia Romagna region has raised €1.8 million. The Ferrari auction to raise money for victims of the earthquake in the Emilia Romagna region in Italy only kicked off two weeks ago, but has already ended with a total of over €1.8 million raised. The vast majority of the funds raised came from the sale of the Ferrari 599XX which sold to an American buyer for €1.4 million – almost a bargain.

Ford will fix software in Fusion, Milan hybrids

While not labeling it a recall, Ford Motor Co. said Thursday that it will update the software of the regenerative braking system on some already-delivered 2010 Ford Fusion Hybrids and Mercury Milan Hybrids. An Associated Press report said a total of 17,600 Fusion and Milan hybrids will be updated.

U.S. proposes new labels for fuel economy, emissions levels

Consumers shopping for a new car would be able to compare fuel economy and emissions levels across all types of vehicles by looking at revised labels on window stickers under an Obama administration proposal made Monday. Government regulators are seeking public comment on changes to fuel-economy labels that would allow comparisons across electric vehicles, plug-in hybrid electric vehicles, and conventional gasoline and diesel vehicles. The U.S.