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RM Monaco sale tallies $43,410,615

RM Auctions sold 87 percent of the lots it offered at its Monaco sale held last weekend at the Grimaldi Forum. The result was $43,410,615 in total sales, with six lots bringing more than $2 million and 10 lots bringing more than $1 million. A 1957 Ferrari 625 TRC Spider drew the biggest bid, selling for $6,469,848.

Saab appoints North American administrator, prospects darken

Saab has appointed an outside administrator to oversee its business in North America and the potential wind-down or sale of the company if its parent operations can’t emerge from bankruptcy. The move was announced on Wednesday afternoon by Saab North American COO Tim Holbeck as the company’s future remains uncertain. McTevia & Associates, a management and financial-consulting service with offices in suburban Detroit and Florida, is the administrator.

Paris Motor Show 2012 – Trends and Overview

The 2012 Paris Mondial de l'Automobile will not be remembered as a classic. When the Big Book of the Paris Motor Show is published, 2012 may be consigned to no more than a side note as the show that marked what a dire situation the European car industry was once in. The most worrying aspect of the Paris show was the general lack of progression.