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Stunning pictures of classic cars in Paris

The classic car market is booming and there have been not one, but two, auctions of beautiful historic cars in Paris in the past week alone. We've already reported on the inaugural RM Auctions Paris sale, which saw nearly £15 million's worth of the world’s rarest and most exotic cars going under the hammer, including a Jaguar D-type that sold for more than £3 million. The other was the annual Bonhams Les Grand Marques du Monde au Grand Palais car auction.

More Saab products coming, Muller says

Saab's new Dutch owner, Spyker Cars NV, intends to spin additional models off its new Phoenix platform after it yields a redesigned Saab 9-3. Saab dealers will receive the latest 9-3 in 2012, Spyker founder and Saab Automobile AB Chairman Victor Muller said Thursday at the CAR Management Briefing Seminars in Traverse City, Mich. The dealers, who have been starved for product as former owner General Motors attempted to sell or liquidate the brand, also will obtain a Cadillac-based 9-4X crossover when it goes into production in April 2011 in Mexico.

40 Years of Mmmm

In 1972, the Dow Jones closed above 1,000 for the first time, the Olympic Games in Munich were marred by the killings of 11 Israeli athletes, gasoline averaged 55 cents a gallon, Bobby Fischer became the world chess champion and the last U.S. troops withdrew from Vietnam. It was also a notable year for German automaker BMW, as that year saw the birth of its famed M division.