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California car dealer buys cache of Ferraris

A collection of 21 Ferraris has changed hands, and it's headed for the United States. Car collector Tom Price, owner of Price Family Dealerships in Marin County, Calif., bought 21 classic Ferraris. The collection hit the market last year as Dutch vehicle-distributor Kroymans entered into bankruptcy.

D-day for General Motors: GM files for bankruptcy

By Tim Pollard Motor Industry 02 June 2009 06:57 General Motors today faces the humiliation of collapsing into bankruptcy. It marks the 1 June deadline imposed by US president Barack Obama for the General to sort out its business – or seek protection from creditors in the bankruptcy courts. As we’re all too painfully aware, GM has been unable to perform miracles, triggering one of the greatest industrial collapses seen in American corporate history.

New Rolls Royce marks water speed records

A POWERFUL land vehicle which pays homage to speed on water has been unveiled by Rolls-Royce. The car company showed off its limited-edition Waterspeed Phantom Drophead Coupe on the site of the original Bluebird Motor Company forever associated with the speed record-holding Campbell family. The site is now the Bluebird restaurant on the King's Road in west London, with the Bluebird company having funded Sir Malcolm Campbell's waterspeed record attempts.