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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.

2012 Scion iQ priced at $15,995

As journalists including AutoWeek's own Michelle Koueiter flog the new 2012 Scion iQ in California, pricing information has made its way back to the Midwest. The Scion iQ will cost $15,995, including destination, when it hits dealerships. The car will be released in four phases, starting with the West Coast in October.

Red Bull Racing's X2014 concept car to feature in GT6

Red Bull Racing has revealed its X2014 concept car that will feature in the upcoming Gran Turismo 6 racing game. The Formula 1 team's chief technical officer Adrian Newey worked alongside Polyphony Digital to develop the road car, which is obviously very much inspired by F1 car design. Elements such as the F1 car nose and low-hanging front spoiler are proof of this, although the design features headlamps and fenders surrounding the tires.