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Russo and Steele's Arizona auction closed Friday as weather wreaks havoc

The Russo and Steele auction site in Scottsdale, Ariz., was closed Friday morning--and may not open to the public at all during the day--as city and auction officials assess damage after high winds Thursday night ripped tents from their anchors and damaged several cars. Scottsdale police were not letting anyone into the site as collapsed tents and metal beams remain a hazard. One person was treated for minor injuries.

Ferrari apologizes for employee filmed doing donuts in China

Ferrari issued an apology on Wednesday after one of its employees was filmed doing donuts in a 458 Italia 20th Anniversary Special Edition on the 600-year-old Ming Dynasty wall in the city of Nanjing. The online community has been up in arms, with users of Wiebo, China's version of Twitter, being allowed to complain the loudest. Much of the anger was directed at the Chinese government, which rented the wall for the occasion at a cost of $12,000.

Qoros to launch second model at 2014 Geneva Motor Show

Qoros The second car to be built by the fledgling Qoros car maker will be revealed at the 2014 Geneva Motor Show, the Chinese firm announced today. These new pictures are the first sight of the new model, which will go on sale in China in 2014. Although only these two shadowy teaser images have been published, they appear to show a bigger family car, perhaps an SUV.