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Ettore Bugatti’s own Type 57C up for auction

Ettore Bugatti's personal Type 57C Coupe is up for auction at Pebble Beach in August Not only are Classic Cars a decent long-term investment they do also offer the pleasure of playing with them – something no other work of art can manage. And with the rising wealth in emerging economies, something with as finite a supply as Classic Cars can hardly fail to appreciate in the long term. Which explains why real classics are still fetching record prices.

Ferrari 458 Italia is the latest masterpiece from Maranello

Ferrari has drawn from the visual spirit of the Enzo to create a power-packed replacement for the F430 that shuns the rounded curves of its past V8s in favor of chiseled, unmistakable aggression. Boasting a new 4.5-liter V8 engine, a seven-speed dual-clutch gearbox and a 202-mph top speed, Ferrari has revealed that the car--code-named F142 and long rumored to be named the F450--will be called the 458 Italia. Following Ferrari lore, it stands for a 4.5-liter engine with eight cylinders, though why Ferrari thought people would forget it came from Italy is anybody's guess.

Former Ford CEO Red Poling dead at 86

DETROIT -- Harold "Red" Poling, the CEO who helped revive Ford Motor Co. after steering the automaker through the recession of the early 1990s, died on Saturday in Pacific Grove, Calif. He was 86.