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Classic car prices on the up: Jaguar D-type sells for £3 million

Classic car prices seem to be ever-rising, with historic models becoming an investment to rival buying property or gambling on the stock market. The inaugural RM Auctions Paris sale this week was a case in point, and resulted in nearly £15 million’s worth of the world’s rarest and most exotic cars going under the hammer. Four cars alone went for in excess of £1 million, and a Jaguar D-type sold for three times that amount.

Ferrari 599XX Evolution (2011) unveiled

While the rest of the world's media was at the Tokyo motor show, Ferrari stuck local with a surprise - modest - announcement at the 2011 Bologna motor show in Italy. It unveiled an evolution of the Ferrari 599XX, the track-based R&D and race toy for its well heeled customers. What's new on the Ferrari 599XX for 2012?

Cash-for-clunkers deal to end Monday night, government says

The Obama administration plans to cut off dealer funding for the cash-for-clunkers program on Monday at 8 p.m. Eastern, after finding that the $3 billion fund is nearing depletion, Transportation Secretary Ray LaHood said. "The overriding objective was to be conservative and to provide an adequate window for a soft landing," a senior administration official said in a conference call with reporters Thursday.