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According to Wikipedia, Prince Al-Walid bin Talal bin Abdul Aziz Al Saud (commonly known as Prince Al-Walid), is a member of the Saudi Royal Family, and an entrepreneur and international investor. He is likened by Time magazine as the Arabian Warren Buffet. As of 2007, his net worth is estimated at US$29.5 billion, according to the Arabian Business rich list published December 2, 2007.

I guess with all that money, it's no suprise that he is able to buy this car below. The car is a "Mercedes SL 600" with diamonds encrusted all over it, worth 4.8 million dollars! Apparently if you want to touch it, it will cost a hefty $1000. I think I could buy my own diamond (though it maybe small) for that price! I wonder how much this car is insured for, because you certainly couldn't take it out for a drive and park it anywhere you please. Ahhh, the lifestyle of the rich...

Pic 1: Front View of diamond encrusted Merc

Pic 2: Close up of Merc logo

Pic 3: Close up of Car wheels

Pic 4: Close up of Exhaust

Pic 5: SL 600 encrusted diamond logo

Pic 6: Back View of diamond encrusted Merc

The Air Car uses compressed air to push its engine's pistons. Take a look at the video for more info.
(Running Time: 8:52)

According to The Australian, Honda has started production on their hydrogen fuel cell cars.

"Japanese automakers are in a race to produce fuel-efficient, environmentally friendly vehicles amid soaring prices at the pump, spreading their bets on an array of technology including hybrid, electric and fuel cell automobiles."

Take a look at what Top Gear had to say about the Honda FCX Clarity Hydrogen Fuel Cell car:
(running time: 1:54)