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RM auction in Monaco rakes in $45.1 million

Call it the Feast of Ferrari. Led by a stunning lineup of rare and classic automobiles wearing the Prancing Horse, sales at the RM auction in Monaco on May 1 totaled more than $45.1 million. The highest seller at the event was a 1962 Ferrari 400 Superamerica Cabriolet Pininfarina AWB, which sold for $3.8 million, a record for Superamericas, RM said.

Government launches CO2 website

By Ben Pulman Motor Industry 03 August 2007 09:56 Just as CAR Online has launched its Green cars section so the government has stepped up its ‘Act on CO2’ campaign. Earlier this week, at the SMMT (Society of Motor Manufacturers and Traders Ltd) HQ in London, Transport Minister Jim Fitzpatrick unveiled the Department of Transport’s online ‘Best on CO2’ car rankings. The new website - www.dft.gov.uk/ActOnCO2 - lists all the cars on sale.

Toyota to pay $32.4 million U.S. fine over timing of recalls

Toyota Motor Corp. agreed on Monday to pay two more safety fines for a total of $32.4 million, the maximum allowable under U.S. law, to settle federal investigations of whether the company notified regulators of safety defects in timely fashion.