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1957 Ferrari 625 TRC Spider fetches €5,040,000 in Monaco sale

1957 Ferrari 625 TRC Spider - sold for €5 million R M Auctions Monaco sale at the weekend achieved sales of €33.5 million with a 1957 Ferrari 625 TRC Spider reaching €5,040,000. Last month we reported on a very rare and very appealing 1957 Ferrari 625 TRC Spider being listed at R M Auctions Monaco sale, which took place this weekend, the first time on sale for 30 years. It sold for a not insignificant €5,040,000.

International Engine of the Year Awards to focus on fuel efficiency

Like the Oscars of the Otto cycle, the Grammys of gasoline, the International Engine of the Year Awards are a big deal in the industry. For 2013, the awards will continue to focus on green technology, pitting gasoline, compressed natural gas (CNG), hybrid and all-electric powerplants against each other for the title of "international engine of the year." Ford's 1.0-liter EcoBoost engine took top honors last year. Besides the top award, other categories include best green engine, best new engine and best performance engine, each voted on by journalists from around the world.

General Motors emerges from bankruptcy

A historic fresh start for General Motors began today, as the remade company has emerged from bankruptcy with fewer brands, factories and workers. The No. 1 U.S.