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Ferrari F450: Last one to be auctioned Sunday to benefit earthquake victims

In an auction featuring some of the rarest, fastest and most head-turning Ferraris ever, a brand-new F430 may be the show-stealer. The Prancing Horse said Wednesday that it is auctioning off the very last F430 to roll off the Maranello production lines at the end of the year to raise money to rebuild the central Italian region of Abruzzo, which was devastated by an earthquake on April 6. Ferrari will work with local authorities to distribute the funds.

Saab 9-3 EV prototype revealed by NEVS

Saab 9-3 EV prototype revealed by NEVS When National Electric Vehicle Sweden (NEVS) bought what was left after the debacle of bankruptcy, the plan was to create a range of electric cars using the Saab brand. But that hasn’t gone to plan, even though the first electric Saab 9-3 Prototype has now been revealed. In fact, Saab under NEVS has also come close to bankruptcy recently as an unpaid supplier took court action (although NEVS say that little local difficulty has been solved) and NEVS had to resort to building ICE engined Saabs to keep a few bob coming in.

Nissan to open new Global Headquarters Gallery

Nissan, which opened its new global headquarters in Yokohama, Japan, last weekend (coinciding with the unveiling of the automaker's new electrically-propelled Leaf), will open a new gallery dedicated to its products on August 8th. Just as German automakers BMW and Porsche have shrines dedicated to their respective brands, Nissan's new gallery will feature exhibits of its current products, classic models and cars from its racing heritage. The new gallery - which boasts an area four times larger than the previous Nissan gallery in the company's former headquarters in Higashi Ginza - occupies 4000m2 of space on the first floor of the new building.