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1958 Ferrari Berlinetta sells for $3.6 million at RM auction in London

A 1958 Ferrari sold for $3.6 million at RM Auctions' annual event in London on Oct. 26. But other top lots--including another Ferrari, a Lamborghini and an Aston Martin--failed to reach the reserve price for a sale.

SMALL CARS DOMINATE USED CAR SALES

SMALL, FUEL-EFFICIENT cars continue to be the most appealing to used car buyers, research shows. The figures from Experian, the global information service, demonstrated that 285,962 used Ford Fiestas were sold last year making it Britain’s best selling used car in 2010. Even though overall sales for the Fiesta were lower than in 2009 there was more of a pronounced drop in sales of Vauxhall's Corsa, which came in second place to the Fiesta.

Holt Ware becomes Design Director at GM-PATAC

Holt Ware has been appointed to design director at GM's Pan Asia Technical Automotive Center (PATAC) joint venture in Shanghai, China. He replaces Friedhelm Engler who has since relocated to Germany to lead the Advanced Design Studio, a position vacated by Anthony Lo earlier this year. Ware's new role at GM-PATAC puts him in charge of designers and modelers working in China's leading automotive engineering and design facility.