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RM classic-car auction in Detroit rakes in more than $2.5 million
Wed, 28 Apr 2010Two of General Motors' finest convertibles from half a century ago were the top sellers at the RM auction last weekend in suburban Detroit. A 1958 Pontiac Parisienne droptop sold for $104,500, and a 1960 Cadillac Eldorado Biarritz went for $82,500 at the annual classic-car event, April 24-25 in Novi, Mich. Prices include a buyers premium.
Small cars bring higher risk while SUVs are safer, insurance-group study finds
Thu, 09 Jun 2011As late as 2007, parents were warned against buying their driving-age teens SUVs because of the rollover risk. Now it seems those are some of the safest rides on the road, according to an Insurance Institute for Highway Safety study released on Thursday. The Nissan 350Z sports car and the Titan pickup were on the low end of the list, along with the Chevrolet Aveo and the compact Cobalt sedan.
BMW will build electric cars in Leipzig
Mon, 22 Feb 2010BMW AG will produce its electric-car range at its plant in Leipzig, Germany, the automaker said on Monday. In addition, BMW factories in Wackersdorf and Landshut, Germany, will produce parts for the so-called Megacity Vehicle. “The BMW Group will build the car of the future in Leipzig with high-tech innovations from Bavaria,” BMW CEO Norbert Reithofer said in a statement.