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Famed 1931 Duesenberg Whittell Coupe on the block at Gooding Pebble Beach auction

Gooding & Co. is set to auction what it claims is "America's most elegant automobile," a 1931 Duesenberg Model J by Murphy, at the company's 2011 Pebble Beach auction in August. Not to be confused with any run-of-the-mill Duesenberg Model J, this particular car is known as the Whittell Coupe after its owner, California playboy Captain George Whittell Jr.

Google hopeful over driverless car

GOOGLE says it has turned a corner in its pursuit of a car that can drive itself. The leader of the technology giant's driverless car project wrote in a blog post that test vehicles are becoming far more adept at city driving. They can already comfortably handle motorways, he said, but city driving presents a virtual obstacle course of pedestrians, cyclists and blind corners.

Karmann files for insolvency

Karmann, the century-old German coachbuilder synonymous with cabrios and the famous 1950s Karmann Ghia, has filed for insolvency. The company made the move Wednesday in Germany in response to a dramatic decline in revenue, an inability to pay for its massive layoff plan and the worldwide economic crisis. The North American operations, which make convertible tops for Detroit car companies and Volkswagen, are not affected, a spokesman said.