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Auctioneer Celebrates 50 Years of Ford's Mustang With Sale of Rare Coupe

AS Ford’s iconic Mustang celebrates its 50th anniversary, a1964 Mustang 1/2 Coupe, produced as part of the earliest production run of the iconic car, is ready to go under the hammer at Silverstone Auctions’ May Sale on May 24th. Regarded as the purest of all Mustangs, this rare car, estimated between £14,000 to £18,000, was built at Ford's Dearborn Michigan plant on 26th June 1964. Crucially it still has its original 260CI V8 Engine and Cruise-O-Matic transmission.

GM SUVs probed by NHTSA after reports of stalling

Federal regulators have opened a safety investigation of as many as 865,000 General Motors SUVs from 2005-07 model years after complaints that inaccurate fuel-gauge readings led to stalling and one accident. The National Highway Traffic Safety Administration's preliminary evaluation is looking at 2005-07 Buick Rainiers, 2005-07 Chevrolet TrailBlazer 360s, 2005-06 Chevrolet TrailBlazer EXT 370s, 2005-07 GMC Envoy 360s, 2005-06 GMC Envoy XL 370s and 2005-07 Saab 9-7Xs. NHTSA said in a posting Friday that it has received 668 complaints of inaccurate fuel-gauge readings, 58 of which involved stalling vehicles.

Saab gets latest lifeline via $5 million infusion from Chinese company

Saab has been on the edge of collapse since a cash shortage early this year forced it to halt production. Now Automotive News reports that a last-minute payment from China's Zhejiang Youngman Lotus Automobile has given the Swedish carmaker yet another shot. Youngman wants to get a stake in Saab and has taken the first step by giving the company $5 million to cover tax expenses, with another $26.43 million forthcoming for unpaid salaries and $13.18 million more before the end of December.