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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.

Who's Where: Thomas Ingenlath appointed Vice President of Design for Volvo

Thomas Ingenlath is set to assume the position of Vice President of Design for Volvo on July 1. He succeeds Peter Horbury who is now Senior Vice President of Design for Geely Group. Ingenlath will report directly to Volvo Car Corporation President and CEO, Stefan Jacoby.

GM speeds development of cars delayed during battle for survival

With bankruptcy behind it, General Motors is speeding up the development of vehicle programs that had been delayed. One car, the next generation Chevrolet Malibu, will go on sale in two years. In August, GM executives said that car would debut a year later, in 2012.