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Mecum auctions classic muscle cars in Florida

The action is over in Arizona but the Mecum auction in Kissimmee, Fla., is just heating up. Day one is done, with total sales passing $4 million. More than 70 percent of the lots that crossed the block were sold.

To thwart speculators, Lexus will lease, not sell, 500 LFAs

Lexus has a plan to head off speculators when its limited-edition LFA sports car goes on sale in January 2011. The company will offer only two-year leases for the $375,000 two-seater, said Brian Smith, vice president of sales and dealer development for Lexus division. Lexus will hang on to the vehicle's title.

New Jaguar XJ to show in July

The new Jaguar XJ Saloon - Will appear in July It is absolutely true that Jaguar has done a remarkable job of bringing the XJ up to date both under the skin and in the cabin. But it’s now perceived, quite rightly, as a bit of a luxury dinosaur. Where once it was the default choice for British businessmen to fly the flag, the allure of more contemporary contenders like the Mercedes S Class, the Audi A8 and the BMW 7 series have eclipsed its allure.