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California car dealer buys cache of Ferraris

A collection of 21 Ferraris has changed hands, and it's headed for the United States. Car collector Tom Price, owner of Price Family Dealerships in Marin County, Calif., bought 21 classic Ferraris. The collection hit the market last year as Dutch vehicle-distributor Kroymans entered into bankruptcy.

More Londoners travelling by bus

MORE LONDONERS are taking the bus than at any time since 1959 - with more than 2.4 billion trips made in the capital in the past year. The growing popularity of London's iconic red double-deckers comes after Mayor Boris Johnson introduced a fleet of newly revamped Routemasters. The number of buses travelling along the capital's roads reached a 60-year high on April 29, when 7,961 buses were on the streets - the highest number since 1953, according to Transport for London.

Scion considers moving upscale

Toyota's struggling Scion brand may move upscale to challenge entry-level luxury models coming from European automakers. The new lower-luxury niche includes Mini, the front-wheel-drive Mercedes-Benz CLA arriving this fall and Audi's compact A3 sedan shown last week on the eve of the New York auto show. Scion has gone after young entry-level buyers since its inception 10 years ago but has lost its early momentum.