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Toyota FT-86 Open Concept (2013) drop-top GT86 revealed

Toyota will show a drop-top 'FT86 Open' concept at the 2013 Geneva motor show. It's supposedly a concept version created only to gauge customer reaction to a GT86 convertible, but with test mules already hard at work elsewhere, this is one concept car you can be sure will make it to showrooms almost unchanged. After all, that 'FT86' moniker stands for 'Future Toyota'...

Fisker goes to China's Wanxiang

China's Wanxiang Group won an auction for Fisker Automotive Holdings Inc., the maker of luxury plug-in hybrid cars, with a $149.2 million bid, almost six times what Fisker was seeking when it filed for bankruptcy. Wanxiang topped Hybrid Tech Holdings during the auction, which began on Wednesday and went through 19 rounds of bidding, with an offer that includes $126.2 million in cash and $8 million in assumed liabilities, Fisker said Friday in a statement. U.S.

Bernie Ecclestone's daughter buys pricey house in Los Angeles

After nearly three years, Candy Spelling has finally found a buyer for her Los Angeles mansion (which some would call a castle)--the daughter of Formula One commercial boss Bernie Ecclestone. Petra Ecclestone, 22, will be the new owner of the 57,000-square-foot home in Holmby Hills, according to the Wall Street Journal. Spelling was asking $150 million for the joint, which puts it among the most expensive homes in the country, according to the newspaper.