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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.

Chrysler investigated after collapse of Getrag deal

The state of Indiana is investigating Chrysler LLC for securities fraud over the collapse of a joint venture with Getrag Transmission LLC. Jim Gavin, a spokesman for Secretary of State Todd Rokita, today confirmed a Kokomo Tribune report that said the investigation began two weeks ago. "There have been no complaints or allegations made," the paper quoted Rokita saying in a speech Tuesday.

Jaguar X-Type axed early

Jaguar is ending production of the Jaguar X-Type at the end of the year The X-Type recipe was a Ford inspired one. Take the basics of the Ford Mondeo – a much better car than it’s given credit for – and Jaguar-ify it to produce a smaller car to fit in to the Audi A4 / BMW 3 Series / Mercedes C-Class category. But it got saddled with the looks of the old Jaguar XJ (i.e.