10 Year-Old Boy Takes $206k Maserati for a Joyride then Crashes

The idea of swiping the keys of your father's car is something we probably all thought about at some point in our adolescent years. But how many of us really went ahead with the plan? Okay, you can put your hands down now…

One 10-year-old American boy in Hong Kong actually realized the idea and took his father's Maserati Gran Coupe, which was purportedly bought in 2009 for HK$1.6 million (US$206,000), for a crazy joyride near central Hong Kong.

The boy-trouble got the keys to the Italian sports car from an unlocked drawer and managed to drive off from the parking lot hitting another car in the process and continuing for another 300 meters (about 1,000 feet) on a busy road before he came to a stop and a by-passer called the police.

"Police arrested the 10-year-old for driving without a license and taking a conveyance without authority under the theft ordinance," said a police spokesperson, according to the Sydney Morning Herald.

South China Morning Post reported that the child was released on police bail. While his offences can potentially carry a punishment of seven years in Hong Kong, the daily newspaper said that the boy would probably not be charged because of his age, but is still required to report to the police station at the end of the month.

Then again, now that he is home, we assume that's probably the least of his worries…

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Holden's Version of the Volt to Cost Over $60,000 in Australia

Bad news for Australian drivers interested in GM's Chevrolet Volt as the local version of the car that will be marketed under the Holden brand and which is expected to arrive later this year will reportedly cost well over AU$60,000 (equal to US$62,000).

While Holden has yet to publicly announce prices, the Sydney Morning Herald reports that GM's subsidiary told its dealers that the Volt will carry a retail price of AU$59,990 before on-road and dealer costs, which the newspaper says rises to as much as AU$66,000 (US$68,200) with the aforementioned fees.

The similarly sized Holden Cruze, upon which the extended range electric car is based platform-wise, starts from AU$21,990 (US$22,700).

In the U.S., the Chevrolet Volt starts from US$39,645 (AU$38,400) before the US$7,500 federal tax credit which can bring the price down to US$31,145 (AU$30,150).

In other parts of the world, the Chevrolet Volt will carry base price of RMB 498,000 or about US$76,400 in China and €41,950 or US$60,800 in Europe.

In addition, Holden told its dealers that it would only bring 100 cars this year and no more than 500 in 2013. "If demand is 300, we will only bring in 300,'' one dealer told the news daily adding that, ''If demand is higher than 500, we will bring in no more than 500.''

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