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Arizona auctions: Scottsdale sales net an estimated $157 million

WITH VIDEO -- Five days of sales staged by auto auction companies in the Phoenix area pulled in a combined estimated total of $157 million, according to Hagerty Insurance. The five companies staging auctions--Barrett-Jackson, Gooding & Co., RM Auctions, Russo and Steele and Silver Auctions--offered 2,887 lots for sale and sold 2,325 of them, an 81 percent sell-through rate. A 2006 Ferrari FXX Evoluzione at the Gooding auction was listed as the top single sale with a price of $2.09 million, Hagerty said.

Concept Car of the Week: Volvo Tundra (1979)

With Volvo beginning a new chapter in its design history with the Concept Coupé, it's interesting to look back at another Volvo coupé concept from 1979 – the Tundra. At the time, the Swedish manufacturer built large and relatively pricey cars that were neither really luxurious nor real 'people cars'. The 340 series began the brand's expansion towards more affordable models and proved to be very successful worldwide.

First new Saab rolls off the production line

A NEW SAAB car has rolled off the Swedish production line for the first time in two and a half years. National Electric Vehicle Sweden, the Hong Kong-based company that bought Saab out of bankruptcy in September last year, presented its new 9-3 Aero at the factory in Trollhattan. The company, also called NEVS, aims to make electric cars under the Saab brand, but said it will also provide petrol cars until "electric cars fully meet customer demands." The first 200 cars will be delivered in spring costing 279,000 kronor (£26,000) each.