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A classic covey gathers at The Quail for Monterey weekend

For seven years now every August, the fairway in front of the Quail Lodge has been transformed into a racing paddock. Great sports, race and super cars of all eras sprawl out on the grass like a tremendous, wheeled museum of speed. This year, in addition to the usual categories of "pre-war sports and racing," "post-war sports," etc., there were classes for BMW M1s, a celebration of 50 years of racing at Daytona and even a class of eight Devins.

Arizona auctions: Plenty of bidders are willing to buy

Friday's auction results from the four major auction houses continue on a strong streak, with sales reports topping even optimistic pre-event estimates. RM Auctions completed its second and final day of sales in Phoenix, posting results totaling an estimated $30.6 million, a record-high amount for this event. The Canadian-based company also garnered the most talked about sale of the day, a 1955 Mercedes-Benz 300SL steel-bodied "Gullwing" that sold for $1.375 million.

GM and PSA announce four joint vehicle programs

PSA Peugeot/Citroën and General Motors have confirmed they will develop four future vehicle projects as part of their ‘Global Strategic Alliance' as both parties grapple with dwindling sales and spiraling costs in the European market. The first is a joint program for a compact-class MPV for Opel/Vauxhall and a compact-class Crossover Utility Vehicle for the Peugeot brand. The second project has been confirmed as a joint MPV program for the small car segment for Opel/Vauxhall and the Citroën brand.