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One in three used cars 'have something to hide'

ONE IN three used cars still has potentially hidden history, according to an analysis of over 10 million checks carried out by HPI. The most common danger is outstanding finance, with one in four cars still having debt attached to them. A new buyer could be liable for all outstanding finance and if he or she can’t pay it, the car could be reclaimed with no compensation.

Auctioneer Dean Kruse's money woes continue

Auburn, Ind., auctioneer Dean Kruse has been ordered by a local court to pay more than $1.3 million to an Indiana bank, and a leasing company has asked a federal judge to repossess Kruse's 1985 Cessna jet, which had been insured at $3.5 million. These two recent events are on top of several months' worth of financial woes for one of the classic-car world's best-known auctioneers. AutoWeek reported in August that people from across the country were complaining that they had not been paid for cars sold at various Kruse International auctions.

Record Breaker Aiming High With Audi

NOT content with falling out of a balloon from a great height, Austrian extreme athlete Felix Baumgartner is tackling his next big challenge on the famous Nordschleife circuit of the Nurburgring in Germany. Teaming up with Audi, the Austrian will obtain a racing license and become a driver with the Audi race experience team for the grueling Nurburgring 24 Hours in June. He’ll also be swapping his recording-breaking balloon for a race-prepared Audi R8.