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First Ferrari 458 Italia in U.S. auctioned for $530,000 to benefit Haiti

It's one thing to own a Ferrari; it's another to be the first one to own an all-new model. The first 458 Italia was auctioned off on Thursday night for $530,000 in a stunning charity gala held at a Beverly Hills estate that made the Clampett mansion look like the carriage house where the pool boy stayed. Auctioneer David Gooding donated his services and got the ball rolling at $250,000, which was more than the expected MSRP for the car of about $220,000.

Renault inaugurates Global Design Studio in Mumbai

On Wednesday this week Renault inaugurated their global design studio in Mumbai, India. The Renault Design India Studio is the sixth edition to Renault's international network of satellite design centres following those in Barcelona, Paris, Kihueng (Korea), Sao Paolo and Bucharest (Romania) and is the third to be inaugurated this year. Speaking at the inauguration, Patrick le Quement, Senior Vice President Design of Renault, said: "We started Renault Design India as an observational unit.

Gatso revenues 'quadrupled' under Labour

The UK's blight of speed cameras have quadrupled the revenues raised from fines, say the Conservatvies By Tom Richards Motoring Issues 06 August 2008 13:04 A million extra speeding tickets are being dished out every year compared with when Labour first came to power in 1997, the Opposition claimed this week. The Conservatives have published figures proving that the number of speeding fines has leaped from 712,753 in 1997 to 1,773,412 in 2006. The shocking stats include fines given to motorists caught on camera as well as those stopped at the roadside by traffic police.