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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.

Ferrari joins the Queen’s Diamond Jubilee Pageant

Ferrari joins the Queen's Diamond Jubilee Pageant Ferrari joins the Diamond Jubilee Pageant at Windsor castle and are bringing the 4th Mounted Carabinieri Regiment with them. With all things Diamond Jubilee filling the social scene (at least this side of London 2012) for the summer, even car makers are getting in on the act. We’ve already had Bentley deliver a Diamond jubilee Mulsanne as their version of a commemorative tea towel, and now Ferrari is chucking its hat in the Diamond Jubilee ring.

Infiniti, Red Bull considering performance cars - Ghosn

Infiniti and Red Bull could go into business together developing go-faster performance cars, Nissan CEO Carlos Ghosn has confirmed to CAR. The new August 2011 issue of CAR Magazine has a four-page interview with Ghosn (click here for a free digital preview) and we asked him if we will see a Red Bull-fettled Infiniti sports car. 'Why not?,' he replied. 'I don’t think we can bank on it today, but when Nissan people and Red Bull people come together and ask what can we do better, what can we do more of, if something like this makes sense, then why not?