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Ferrari 599XX raises €1.4 million in Ferrari earthquake auction

The auction by Ferrari to raise funds for victims of the earthquake in the Emilia Romagna region has raised €1.8 million. The Ferrari auction to raise money for victims of the earthquake in the Emilia Romagna region in Italy only kicked off two weeks ago, but has already ended with a total of over €1.8 million raised. The vast majority of the funds raised came from the sale of the Ferrari 599XX which sold to an American buyer for €1.4 million – almost a bargain.

Chrysler to build four versions of Fiat 500 for U.S. market

Chrysler will build and sell four versions of the tiny Fiat 500 in North America starting in 2011: a hatchback, a convertible, a station wagon and a sporty hatchback. A fifth model--a small, four-wheel-drive SUV--also is possible. They will wear the Fiat brand.

Mercedes introduces C-Class Estate

Mercedes-Benz introduced a wagon variant of its new C-Class today at its factory in Bremen in northwestern Germany. The C-Class Estate is not only an affirmation of the popularity of the Benz wagon, a popularity that transcends decades as well as engine swaps, but also a commitment to Bremen -- a facility that already builds the C-Class, along with the E-Class, SL, SLK and GLK. The C-Class Estate makes extensive use of aluminum construction -- up to 50 percent of its body is made of the stuff.