1965-1966 Studebaker Car & 1964-1970 Avanti With Flanged Axle Rear Axle Bearing on 2040-parts.com

Energy Department recovers $21 million from Fisker to pay back loans

The U.S. Department of Energy says it recovered $21 million in cash from struggling Fisker Automotive that will go toward repaying nearly $200 million in loans extended under a U.S. program to spur advanced vehicle development.

Peugeot confirms BB1 for production

Peugeot has confirmed it will build a production version of the BB1, the concept car that's a cross between a car and a scooter. Coming less than a week after it unveiled the SR1 – a roadster concept car that’s supposed to be a line in the sand for Peugeot design – the announcement came as the 200-year old French car company launched its Marque plan that'a aimed at rejuvenating the brand. The five-year scheme has three goals: to move Peugeot up three places in the world car market; to establish the company as a benchmark for style; and to make it a leader in mobility services.

RM classic-car auction in Detroit rakes in more than $2.5 million

Two of General Motors' finest convertibles from half a century ago were the top sellers at the RM auction last weekend in suburban Detroit. A 1958 Pontiac Parisienne droptop sold for $104,500, and a 1960 Cadillac Eldorado Biarritz went for $82,500 at the annual classic-car event, April 24-25 in Novi, Mich. Prices include a buyers premium.