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Arizona auctions: Plenty of bidders are willing to buy

Friday's auction results from the four major auction houses continue on a strong streak, with sales reports topping even optimistic pre-event estimates. RM Auctions completed its second and final day of sales in Phoenix, posting results totaling an estimated $30.6 million, a record-high amount for this event. The Canadian-based company also garnered the most talked about sale of the day, a 1955 Mercedes-Benz 300SL steel-bodied "Gullwing" that sold for $1.375 million.

Bentley Continental GT3-R with 572 bhp V8 revealed

The Bentley Continental GT3-R arrives with a 572 bhp V8 As we reported last week, it looks like Bentley has decided to do a V8 take on the original Continental Supersports with the arrival of the Bentley Continental GT3-R, a lighter, more powerful Continental V8. Just like the original Continental Supersports, the Continental GT3-R loses its back seats and goes on a diet (down 100 kg on the V8S) and gets a retuned version of the 4.0 litre twin-turbo V8 producing 572 bhp and 516 lb/ft of torque together with shorter gearing to deliver a 0-60 mph in just 3.6 seconds (0-62mph in 3.8s). The GT3-R still comes with Bentley’s four wheel drive, but it gets torque vectoring too and a modified ESC and a chassis tuned for outright cornering ability to make the GT3-R Bentley’s most dynamic road car to date.

'Phoenix Four' MG Rover directors to be banned

The 'Phoenix Four': John Towers, Nick Stephenson, Peter Beale and John Edwards. All roundly criticised in today's government report By Tim Pollard Motor Industry 11 September 2009 09:14 The UK Government today said it plans to disqualify the executives who ran MG Rover in the run-up to its collapse in 2005. A report out today from the Department for Business, Innovations and Skills slams the 'Phoenix Four's involvement in the business and is highly critical of the way they withdrew £42 million in salaries and pensions despite the company's parlous financial position.