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Money flows at Monterey Auctions

Buyers of classic vehicles have dug deep into their pockets at auctions on the Monterey Peninsula, easily topping the sales totals from last year with one auction still remaining. More than $203 million has been spent on 704 vehicles, for an average sale price of $288,360. In 2011, the auction houses set a record for total sales during Pebble Beach week at $197,732,538 having been spent on 881 vehicles for an average sale price of $224,441.

Koenigsegg's craziest supercar yet debuts at Geneva

Here's what you need to know about the Koenigsegg One:1. It weighs 1,360 kilograms; it produces 1,360 hp. One horsepower per kilogram, which is why mad scientist Christian Von Koenigsegg is absolutely justified in bragging about it: it's the world's first "mega car," he said.

Seat Toledo concept car (2012) first pictures

Seat will whisk the covers off the new Seat Toledo concept car at the 2012 Geneva motor show. Stand by for some confusion: the old Toledo was a supersized MPV with a dodgily designed boot, but the new 2013 model will follow the much more conventional three-box design showcased here. As you can tell by the ready-to-roll interior and surprisingly unshowy exterior, this Toledo is 'a close-to-production study'.