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Under the hammer, overseas: Russo and Steele explores classic-car auction in China

It's ambitious, it's unprecedented and it's loaded with pitfalls. But if it can be pulled off, it could serve as a template for international growth for American auction houses. Russo and Steele is expanding into China and has announced plans this fall to form a joint venture with a Chinese company as a foothold.

Ferrari apologizes for employee filmed doing donuts in China

Ferrari issued an apology on Wednesday after one of its employees was filmed doing donuts in a 458 Italia 20th Anniversary Special Edition on the 600-year-old Ming Dynasty wall in the city of Nanjing. The online community has been up in arms, with users of Wiebo, China's version of Twitter, being allowed to complain the loudest. Much of the anger was directed at the Chinese government, which rented the wall for the occasion at a cost of $12,000.

Nissan X-Trail N-TEC+ launched

Nissan has launched a new X-Trail model – the X-Trail N-Tec+ – with ‘Sporty’ looks and extra gadgets. Last year we got the Nissan X-Trail Platinum Edition with all the options ticked and a price of almost £30k, and now we get the sporty version – the Nissan X-Trail N-Tec+ – with more gadgets and extra kit at £27,790. Nissan are trumpeting the X-Trail N-Tec+ as the ‘Sporty’ X-Trail (if that’s not an oxymoron) and pitching it between the Acenta and Tekna versions.