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Microsoft increases stake in auto industry

Having reshaped a big piece of the world's economy around its Windows software, Microsoft Corp. now wants to do the same thing in the car business. What the Seattle giant sees there says as much about the future of cars as it does about itself.

Tesla planning self-driving car

Tesla are planning a self-driving car Now that car makers have been fitting radar and sensors to their cars for some time, which allow stuff like adaptive cruise – which automatically slows behind traffic and can even bring the car to s stop on its own – the race is on to make cars even more autonomous. We’ve reported recently on the Mercedes Intelligent Drive S-Class that negotiated its way – more or less – on a 60 mile route in Germany, and on Volvo’s self-parking system which will take your car in to a multi storey car park by itself, park, and meet you when you return. Google has also been playing with self-driving cars and has even gained permission to run its autonomous cars in California, and now Tesla are joining the fray with plans for an autonomous car in the next three years.

Arizona auctions: Scottsdale sales net an estimated $157 million

WITH VIDEO -- Five days of sales staged by auto auction companies in the Phoenix area pulled in a combined estimated total of $157 million, according to Hagerty Insurance. The five companies staging auctions--Barrett-Jackson, Gooding & Co., RM Auctions, Russo and Steele and Silver Auctions--offered 2,887 lots for sale and sold 2,325 of them, an 81 percent sell-through rate. A 2006 Ferrari FXX Evoluzione at the Gooding auction was listed as the top single sale with a price of $2.09 million, Hagerty said.