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Arizona auctions: Scottsdale sales net an estimated $157 million
Mon, 24 Jan 2011WITH VIDEO -- Five days of sales staged by auto auction companies in the Phoenix area pulled in a combined estimated total of $157 million, according to Hagerty Insurance. The five companies staging auctions--Barrett-Jackson, Gooding & Co., RM Auctions, Russo and Steele and Silver Auctions--offered 2,887 lots for sale and sold 2,325 of them, an 81 percent sell-through rate. A 2006 Ferrari FXX Evoluzione at the Gooding auction was listed as the top single sale with a price of $2.09 million, Hagerty said.
2013 Ford Fusion prototype spied on the street
Fri, 29 Apr 2011The Ford Fusion sedan is not that far away from shifting to a global platform that will also spawn a new Mondeo for European markets. Now prototypes of the new 2013 Ford Fusion have been captured running around on public streets. Despite the camouflage, it's easy to see that the 2013 Fusion is getting some significant changes.
Chrysler-Fiat deal would spawn new look for U.S. automaker
Mon, 13 Apr 2009As Chrysler LLC negotiates an alliance with Fiat S.p.A. that would satisfy the Obama administration, sources say the companies are discussing a revised ownership structure, a new board and possibly a different management team for Chrysler. Among the options being discussed is a direct role in Chrysler's operations for Fiat CEO Sergio Marchionne--possibly even the chief executive's job.