A Chrysler 300C once owned by Barack Obama has been listed for sale on eBay. The starting bid is $1 million — 66 times the vehicle’s blue book value.

The 2005 Chrysler 300C was leased and driven by President Obama while he was an Illinois state senator from 2004 through the summer of 2007.

The digital auction, which is being managed by seasoned eBay car seller Lisa Czibor, claims to have documentation proving that Obama once leased the car.

Chrysler is set to launch an Italian-inspired luxury version of its 300 Series flagship at the forthcoming North American International Auto Show (January 9-22).

The interior is decked out in black or “mochachino” Poltrona Frau “Foligno” leather from Italy and hand-sanded matte wood.

According to Chrysler, such features were “once limited to some of the most exotic Italian luxury cars” –  presumably a reference to Ferrari and Maserati, both owned by Chrysler’s parent Fiat.

The high-performance Fiat 500 Abarth will debut in the US for the first time at the Los Angeles Auto Show, Chrysler has confirmed.

The long-awaited model by Abarth, a high-performance subbrand of Chrysler-owner Fiat, will likely line up alongside its little brother at US dealers from next year.

The Fiat 500 Abarth will use a 1.4-liter Turbo Engine, along with specially-tuned suspension and brake systems and ‘race-inspired design and technology features.’

Fiat is considering a listing of sportscar maker Ferrari before getting a majority stake in U.S. maker Chrysler.

Fiat owns 20 percent of Chrysler and is planning to increase its holding to 35 percent once it meets restructuring goals.

Fiat SpA CEO Sergio Marchionne said that he has a price in mind if bankers are interested in pursuing his company’s flagship brand of Ferrari: 5 billion euros.

Jeep is to produce a special edition of its 2011 Wrangler model themed around the forthcoming Call of Duty computer game, it confirmed October 19.

The Chrysler owned-brand has partnered with Activision to produce a limited edition Wrangler which will incorporate features inspired by the new Call of Duty: Black Ops computer game.

The vehicle will include “aggressive 32-inch tires”, military style graphics from the computer game on the roof and front quarter panels and taillamp guards.

On August 15-16, the world-renowned auction house, RM Auctions, will present the Sports & Classics of Monterey, an auction event featuring a varied selection of the finest sports and classic cars in their largest offering to date – $50-60 million.

A rare and coveted 1958 Chrysler Diablo, considered the most valuable concept car of the late 1950s and conceived by Virgil Exner, will make its auction debut as one of the headlining cars alongside 24 Ferraris, the largest collection of Ferraris ever presented at the classic car weekend in Monterey.

Last year’s auction brought a record-breaking $46 million in total sales as 190 cars crossed the block. Nine cars broke the magic million-dollar mark !