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BARONS ENDS YEAR ON HIGH

AUCTION HOUSE Barons has celebrated a successful classic car auction with 44 successful sales and a 1959 Aston Martin DB MKIII DHC making £175,000. The classic Aston had belonged to the same family since it was three-months-old and was joined by another DB MKIII example, a rolling restoration project that fetched £70,000. Another notable sale was a "time-warp" 1970 Ford Escort Delux MkI, which had covered just 2,600 miles in 40 years.

Mitsubishi i MiEV electric vehicle priced at $45,660

Mitsubishi Motors Corp. has priced its new electric vehicle at 4.38 million yen, or $45,660 at current exchange rates, and wants EVs to account for 20 percent of its global output by 2020. Mitsubishi unveiled the production version of its i MiEV battery-powered car on Friday, saying it aims for 1,400 lease sales to corporate customers and local governments by March 31, 2010.

Lincoln opens first dedicated design studio for 40 years

Ford has opened the first dedicated Lincoln design center for 40 years in Dearborn, Michigan, as part of its ongoing brand reinvention. Last August Ford announced it would be creating the studio for its luxury brand as well as increasing spending, giving it unique interiors and powertrains in an effort to differentiate it from the core Ford offerings. The Lincoln Design Studio has been built on the campus of Ford's Product Development center and houses designers, sculptors, modelers and engineers who make up part of a larger Lincoln Product Development team that will create four new Lincoln vehicles by 2015.