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1961 Ford Gyron concept scale model sells for $40,000

A scale model of the 1961 Ford Gyron concept has sold at auction for $40,000, around four times its estimate. The space-age concept car – designed by Alex Tremulis, McKinley Thompson, Syd Mead, Bill Dayton, John Najjar, and Elwood Engel – debuted in 1961 at the New York International Auto Show and featured two wheels mounted along the car's centerline, usung a gyroscope for stability. The full-size model – which relied on stabilizing wheels instead of a gyroscope – also predicted the development of satellite navigation systems, car phones and infrared sensing.

Tata Nano (2008): first official pictures

By John Sootheran First Official Pictures 10 January 2008 09:33 Shove over a bit Henry Ford, Ferry Porsche and Alec Issigonis, because as of this morning there's a new entrant for the People's Car Hall of Fame. The first day of the Indian Auto Expo 2008 in Delhi, saw Ratan N Tata (yes, the fella who's leading the bid for Jaguar and Land Rover) reveal his much vaunted 'one lakh' car (that's 100,000 rupees or a measly £1300). Despite being the Chairman and CEO of one of the world's biggest corporations, Ratan Tata admits to being a nervous presenter, so much so, that the initial information was presented by his hologram! When he did appear, it was behind the wheel of one of three 'one lakh' cars being driven onto the stage. The 3000-strong audience of press and VIPs went beserk amid scenes of euphoria last witnessed at the Clinton comeback in New Hampshire.

Cunningham Corvette battle heads to courts

UPDATED: The battle over ownership of one of the 1960 Chevrolet Corvettes raced at that year's 24 Hours of Le Mans by Briggs Cunningham has moved to the courts in Pennsylvania. The filings—in Cumberland County Court and U.S. District Court in Harrisburg—provide several details about the discovery and ownership of the long-lost car, including the sale price: $75,000.