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1961 Ford Gyron concept scale model sells for $40,000

A scale model of the 1961 Ford Gyron concept has sold at auction for $40,000, around four times its estimate. The space-age concept car – designed by Alex Tremulis, McKinley Thompson, Syd Mead, Bill Dayton, John Najjar, and Elwood Engel – debuted in 1961 at the New York International Auto Show and featured two wheels mounted along the car's centerline, usung a gyroscope for stability. The full-size model – which relied on stabilizing wheels instead of a gyroscope – also predicted the development of satellite navigation systems, car phones and infrared sensing.

Video: Hagerty reviews Saturday news from Monterey auctions

Hagerty's Dave Kinney, Donald Osborne and Rob Sass discuss auction results for Russo and Steele, Mecum, Gooding & Co. and RM Auctions. The Monterey Week is packed with car shows, vintage racing and car auctions.

Jaguar at the London motor show 2008

By James Foxall and CAR reader reporter Jacomoseven Motor Shows 23 July 2008 15:02 After the spate of new Jaguars of late, not to mention a takeover, it should come as no surprise that Jag didn't have much to shout about at the London motor show. What’s new on Jaguar’s London motor show stand?Don’t get too excited, but there’s the XK60 – a special anniversary version of the non-supercharged sports car, designed to celebrate six decades of the XK. It’s basically five grand’s worth of body kit and a chrome gearlever surround for the same money as a regular model.