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Rare Ferrari sells for staggering £10 million

A RARE FERRARI representing a key early stage in the history of the sports car manufacturer has sold at auction for £10.7 million. The sale of the 375-Plus at the Goodwood Festival of Speed in West Sussex, was a world auction record for a Ferrari sports racing car. A spokesman for auction house Bonhams also said it was the third highest price paid for any car sold at auction.

GM returns to the Super Bowl, new ads upcoming for the Camaro and Cadillac

If there's one thing Joel Ewanick has made clear since joining General Motors Co. three months ago, it's that he doesn't let grass grow under his feet. And the company's vice president of marketing isn't slowing down anytime soon: In a wide-ranging interview with Advertising Age, an affiliate of AutoWeek, Ewanick let drop that the automaker will return to the Super Bowl in 2011; that an ad campaign will break next month for the Chevy Camaro; and that there's a new tagline coming for Cadillac, "The new standard for the world." "We have so many projects in the works right now," he said.

Saab go back for another Chinese

Saab are saved (?) by Pang Da Auto There can’t be many companies in China who haven’t had Victor Muller banging on their door armed with a chunk of Saab stock in exchange for a hat full of Chinese currency. A couple of weeks ago we had the news that Saab had signed a deal with Chinese car Maker Hawtai for €120 million in exchange for a big chunk of Saab stock and lots of ‘joint’ venture. But that fell apart last week even before Victor Muller could get to consummate the marriage.