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Russo and Steele's Arizona auction closed Friday as weather wreaks havoc

The Russo and Steele auction site in Scottsdale, Ariz., was closed Friday morning--and may not open to the public at all during the day--as city and auction officials assess damage after high winds Thursday night ripped tents from their anchors and damaged several cars. Scottsdale police were not letting anyone into the site as collapsed tents and metal beams remain a hazard. One person was treated for minor injuries.

Saturn alerts customers it is considering a spinoff

Saturn has begun alerting customers that it may be spun off by General Motors as an independent marketing and distribution company. In a letter sent to about 1.5 million Saturn owners Wednesday night, Saturn said it would have to line up products to sell--either from other manufacturers or from GM in the role of a vendor--after GM's current commitment to build Saturn products ends after the 2012 model year. "The Saturn Distribution Corporation already exists as an indirect subsidiary of GM," wrote Jill Lajdziak, general manager of Saturn, in the letter.

EBay exotic: 1980 BMW M1

What we have here, according to the seller, is an actual one-owner, 4,418-kilometer (2,739 miles) BMW M1, recently imported to the United States from Germany. That's right--the original BMW supercar, one of 456 reportedly built. While the 277-hp straight-six may not sound too impressive today, keep in mind that the European Ferrari 308 only made about 250 hp at the time.