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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.

VW 1L and electric Audi R8 (2009) leak early

By Tim Pollard First Official Pictures 14 September 2009 13:44 As usual, the embargos are tumbling ahead of the 2009 Frankfurt motor show – with photos of the new VW 1L concept car and electric Audi R8 spreading like wildfire. Both were supposed to be surprises held for a soirée on the eve of the show. Volkswagen’s 1L concept car is Wolfsburg’s latest incarnation of its cigar-shaped two-seater.

Former Chevrolet Volt chief takes helm at Fisker

One of the key architects of the Chevrolet Volt is taking the helm of Fisker Automotive. Tony Posawatz, a veteran General Motors executive, has replaced former Chrysler CEO Tom LaSorda as chief executive of Fisker. LaSorda had just taken over as CEO in February, after joining the company in late 2011.