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Auctioneer Dean Kruse's money woes continue

Auburn, Ind., auctioneer Dean Kruse has been ordered by a local court to pay more than $1.3 million to an Indiana bank, and a leasing company has asked a federal judge to repossess Kruse's 1985 Cessna jet, which had been insured at $3.5 million. These two recent events are on top of several months' worth of financial woes for one of the classic-car world's best-known auctioneers. AutoWeek reported in August that people from across the country were complaining that they had not been paid for cars sold at various Kruse International auctions.

Lexus IS 250C launches

The Lexus IS 250C launched in Japan this week - and will reach the UK in July The IS Convertible comes in two flavours – the Lexus IS250 C and the 350C – although the initial launch is just the IS 250C. The IS 350C will launch later in the year. Lexus has been working on the IS Convertible for some time, and is aiming it straight in the sites of similar offerings from both BMW and Audi.

Kia GT and Provo look to be heading in to production

The recent Kia Provo Concept and the impressive Kia GT look like they’re heading in to production as Kia move upmarket. Equally, the stunning Kia GT concept we saw at 2 years ago at Frankfurt  - a swoopy coupe Kia take on the Mercedes CLS – was equally convincing, although we’d begun to think Kia had gone cold on the idea of putting the Kia GT in to production. But Auto Express are reporting that both the Provo (with a change of name ) and the GT are close to being signed off for production after a conversation with Benny Oeyen, Kia’s marketing boss in Europe.