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Ettore Bugatti’s own Type 57C up for auction

Ettore Bugatti's personal Type 57C Coupe is up for auction at Pebble Beach in August Not only are Classic Cars a decent long-term investment they do also offer the pleasure of playing with them – something no other work of art can manage. And with the rising wealth in emerging economies, something with as finite a supply as Classic Cars can hardly fail to appreciate in the long term. Which explains why real classics are still fetching record prices.

IDEA Institute acquired by Quantum Kapital

Turin-based automotive design, modeling and engineering firm IDEA (Institute of Development in Automotive Engineering) has been sold to Quantum Kapital AG, an investment company with an industrial emphasis based in St. Gall, Switzerland. The transaction is expected to be completed in the next few weeks.

Hyundai reveals HND-9 for Seoul Motor Show

Hyundai revealed renderings on Thursday of the HND-9, a luxury sports coupe coming to the 2013 Seoul Motor Show at the end of this month. The styling could preview the next Hyundai Genesis Coupe. Hyundai says the HND-9 represents an evolution of Hyundai's fluidic sculpture design philosophy.